Business is booming for Karat Financial, the company that created corporate credit cards for creators who can’t get traditional financing. (Karat calculates credit line based on cross-platform success and audience engagement.) Month-over-month growth is 50% and it’s raised $26M for the company. (Venture Beat; h/t to Corrales Cachola)
Tilt Take:
Karat’s growth is an indicator the content entrepreneur business is strong. We expect other financial institutions to reevaluate their credit or loan processes.
