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Karat Financial is bringing business banking to creators
Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank
In more ambitious cases, Wei saw William Osman, a creator with over 3 million YouTube subscribers, fail to get the six figures in credit he needed to put on the Open Sauce convention. The premium offering costs $20 per month or requires a $35,000 minimum balance, but provides 2-3% APY on checking accounts, free wires, and enhanced customer support, with AI bookkeeping coming soon. In the future, Karat hopes to continue this trajectory of offering more and more business services for creators that traditional institutions are reluctant to provide.
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