Karat Financial is bringing business banking to creators

Karat Financial, the go-to for creator credit cards, is stepping up its game with a business banking product. Powered by Grasshopper, this move is a no-brainer extension of their Visa card offerings.

Six years in, Karat’s mission remains unchanged: to bridge the gap between creators and the financial services they’re often denied. From million-dollar creators getting declined for a $100 purchase to funding conventions, Karat’s seen it all.

With $1.5 billion in credit extended and an average limit of $25k per creator, Karat’s now tackling banking. Because, let’s face it, creators need more than just plastic to manage their empires.

Karat’s banking comes in two flavors: a free FDIC-insured checking account with tax planning (because taxes are a nightmare) and a premium version at $20/month (or $35k min balance) offering 2-3% APY, free wires, and VIP support. AI bookkeeping? Coming soon.

The future? Think insurance, healthcare, and more. Karat’s on a mission to rebuild the financial safety net for the self-made. Because if banks won’t get it, Karat will.