Karbon Business Launches Multicurrency Virtual Accounts & Payment Links
Bengaluru, India, Sep 1st 2025 – Karbon Business, an Indian cross-border payments platform backed by Y Combinator, has introduced global payment links and virtual multi-currency accounts to simplify the process of accepting international payments for Indian exporters and Indian SMEs.
Solving Payment Challenges for Indian SMEs and MSMEs
For Indian MSMEs and SMEs serving global clients, payments are usually slow, costly, and unclear. Karbon Business’s new offerings are designed to cut these hang-ups by allowing quicker settlements, up to 90% cheaper FX fees, and open reconciliation, all with Indian cross-border payment rule compliance.
Mission of Karbon Business
“Our mission is to help Indian service exporters operate on a global scale without being constrained by outdated banking systems,” said Bo Li, co-founder of Karbon Business. “We’ve built our platform for businesses with international clients, growing teams, and complex financial operations—not only for freelancers, but also for established companies looking to scale.”
Growing Client Base and Currency Support
Karbon Business, which was launched in 2019, has already acquired a customer base of 3000+ SMBs and thousands of freelancers and is commonly used as one of the top international payment solutions for Indian businesses. Indian businesses can receive USD, EUR, GBP, and other major currencies in India directly without foreign bank accounts or middlemen through Karbon Business.
About Karbon Business – Y Combinator-backed
Karbon Business is a Y Combinator-supported Silicon Valley cross-border payments platform for Indian goods and service exports. It facilitates smooth international payments for SMEs.
Happily supported by Y Combinator, Karbon Business provides Indian exporters with the ability to scale abroad quickly, with transparency and confidence, eliminating the friction and unremunerated costs of legacy banking networks.
After the Y Combinator-backed success, Karbon Business is introducing a set of features tailored to the needs of Indian exporters.
Key Features Now Live
Advanced tools for Indian service exporters to collect global payments quickly, less expensively, with complete compliance.
Multicurrency Virtual Accounts
- Create local receiving accounts in USD, EUR, GBP, AED, and more in an instant.
- Receive payments through local bank transfers, avoiding the use of SWIFT and lowering the costs of USD payments receipt in India considerably.
Payment Links
- Make one payment link work for numerous clients and ease global collections.
- Receive payments through debit or credit cards.
- Monitor settlement status in real time for complete visibility in the transaction life cycle.
Payment Links simplify how businesses can collect payments for one-off or bespoke services, without having to have an automated recurring billing solution and messy invoicing.
Unified Reconciliation Dashboard
- See all client inflows, FX conversions, and invoice-level payment history in a single place.
- Streamline finance teams’ workflows handling large volumes of international B2B payments.
Developed for Indian Goods & Service Exporters Who Get Money Remitted Across the Globe
Karbon Business offers compliance-ready financial solutions to Indian SMEs and service exporters. From retainer or milestone export payments, businesses can get paid by overseas clients in a quick and transparent manner.
It’s suitable for industries like:
- 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
Karbon Business facilitates these exporters to receive international payments in an organized, scalable, and fully compliant manner.
Receive International Payments with Karbon Business
To know more, click https://www.karboncard.com/accept-international-payments-india
Company Details
Organization: Karbon Business
Contact Person: Dev Maity
Website: https://www.karboncard.com/
Email: marketing@karboncard.com
Country: India
Release Id: 02092533284