[Bengaluru, India] — Karbon FX, a Y Combinator-backed cross-border payments platform tailored for Indian SMEs and MSMEs, today announced the launch of multicurrency virtual accounts and global payment links. These tools are designed to streamline global collections for service exporters in industries such as IT/ITeS, digital marketing, consulting, outsourced HR, architecture, and more.
For Indian SMEs and MSMEs working with international clients, collecting payments remains slow, expensive, and opaque. Karbon FX’s new features aim to eliminate these bottlenecks by offering faster settlements, better reconciliation, and robust compliance tools to manage cross-border transactions efficiently.
“Our mission is to help Indian service exporters operate on a global scale without being constrained by outdated banking systems,” said Bo Li, co-founder of Karbon FX. “Our platform is built for businesses with international clients, growing teams, and complex financial operations—not for freelancers, but for established companies looking to scale.”
Key Features Now Available:
New features empower Indian service exporters to collect global payments faster, with lower fees and full compliance
Multicurrency Virtual Accounts
Instantly generate local receiving accounts in USD, EUR, GBP, AED, and other currencies. Indian businesses can now receive payments via local bank transfers, eliminating the need for SWIFT and reducing the cost of international payments.
Bulk Payment Links
Create a single payment link for multiple clients, simplifying the collection of payments. Accept payments via debit or credit card, and track settlement status in real time—ensuring full transparency in your transaction lifecycle.
Unified Reconciliation Dashboard
View all client inflows, FX conversions, and invoice-level payment history in one place, optimizing workflows for finance teams managing cross-border B2B payments.
Tailored for Indian Service Exporters, Not Freelancers
Karbon FX provides compliance-ready financial infrastructure for Indian SMEs engaged in service exports. These businesses often operate on retainer or milestone-based payments and require structured, trackable workflows to manage international transactions. With features like automated AML screening, instant FX conversion, and document-backed reconciliation, Karbon FX is ideal for service exporters in sectors such as:
- IT and ITeS
- Business and strategy consulting
- Outsourced HR and global staffing
- Digital marketing and SEO agencies
- Architecture and engineering design services
- Legal process outsourcing (LPO)
- Animation, design, and creative studios
- EdTech and corporate training providers
- Medical transcription and healthcare BPO
These businesses require seamless, transparent, and compliant payment solutions for international clients—solutions that are structured and scalable, not ad hoc.
Customer Spotlight: Indian IT Consultancy Cuts Global Payment Delays by 80%
A Bangalore-based IT consultancy with clients in Germany and the UK reduced its average collection time from 9 days to just 2 after adopting Karbon FX’s multicurrency virtual accounts. The finance team also saved over 2% per transaction on FX fees and fully automated monthly reconciliations, greatly improving efficiency.
Backed by Silicon Valley's Y Combinator
Karbon FX is proudly backed by Y Combinator, the startup accelerator behind globally recognized companies like Stripe, Airbnb, and Dropbox. This backing enables Karbon FX to provide world-class financial tools designed specifically for the needs of Indian exporters, empowering them to unlock new global markets with confidence.
Get Started with Karbon FX Today
Start using your multicurrency virtual account today and streamline your cross-border payments. Visit karboncard.com to create an account or schedule a demo with a Karbon FX cross-border specialist.
About Karbon FX
Karbon FX is a cross-border payment and FX platform built for Indian service-exporting businesses. With tools for global collections, instant FX conversion, and compliance-ready reconciliation, Karbon FX helps India’s SMEs go global—without friction, delays, or hidden costs. Our mission is to empower businesses to scale globally without the limitations of outdated banking infrastructure.
To learn more, visit karboncard.com
Media Contact
Organization: Karbon FX
Contact Person: Dev Maity
Website: https://www.karboncard.com/
Email: Send Email
Country:India
Release id:31993
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