BlockBeats News, June 18th - According to official sources, Galaxy Ventures and CIM Group jointly led a $140 million Series A funding round for Karta. Karta revealed that the company aims to achieve a 10x growth in business scale by 2025, a 4x increase in revenue and Total Payment Volume (TPV) in Q1 2026, and plans to raise the annualized TPV to $1.2 billion by the end of the year. Karta stated that its product will provide a U.S. credit card service for global travelers, focusing on a premium financial experience that does not require a Social Security Number (SSN) for use.