Start-ups and early-stage companies are often faced with cash crunch due to the needs of a growing business. Finding the money to handle those expenses can sometimes be a grueling ordeal. Instant financing of costs was the need of those businesses.
Karbon offered a corporate credit card that let Start-ups and early-stage companies to meet their expenses without damaging the cashflow. It offered them a credit line that made purchases and bill payments easier.
500 Thousand
$5.2 Million
Here is how YAP Credit routes the transaction to its success
API Request
{
"mti": "0200",
"pan": "5088XXXXXXXX0005",
"processingCode": "311000",
"transactionAmount": "0000000000000",
"settlementAmount": null,
"cardHolderBillingAmount": null,
"dateTimeTransaction": "0412183004",
"settlementConversionRate": null,
"cardholderBillingConversionRate": null,
"stan": "247972",
"rrn": "242772502272",
"timeLocalTransaction": null,
"dateLocalTransaction": "183008",
"expiryDate": null,
"settlementDate": null,
"conversionDate":null,
"mcc": "6011",
"channel": null,
"acquiringCountryCode": "356",
"posEntryMode": "901",
"cardSeqNumber": null,
"pointOfServiceConditionCode": "00",
"feesAmount": null,
"acquiringInstitutionCode": "720397",
"forwardingInstitutionCode": null,
"authorizationIdResponse": null,
"responseCode": null,
"serviceConditionCode": "520",
"cardAcceptorTerminalId": "TEST1234",
"cardAcceptorId": "TEST12345678901",
"cardAcceptorNameLocation": "M2P KARTHICK TNIN",
"additionalResponseData": null,
"track1Data": null,
"transactionCurrencyCode": "356",
"settlementCurrencyCode": null,
"cardholderBillingCurrencyCode": null,
"additionalAmount": "9090356D000000001000",
"chipData": null,
"adviceReasonCode": null,
"posDataCode": "5116615GA000000400051Address",
"privateData1BiometricData": null
}
Optimized lending flows designed to suit all types of lenders - from traditional NBFCs to Consumer Internet Companies to new-age lending startups
Empower SMEs with funds as and when they need it. Provide credit Just-in-Time based on earnings of Merchants or draw from Overdraft accounts
Modern Credit Card issuance made fully available on APIs for innovators to design world-class experiences