PANews, June 18 – According to official sources, Galaxy Ventures announced that it co-led Karta’s $140 million Series A funding round together with CIM. Galaxy Ventures stated that Karta grew 10x in 2025, and in Q1 2026, revenue and total payment volume increased another 4x quarter-over-quarter, targeting an annualized total payment volume of $1.2 billion by year-end. Karta is a new U.S. credit card designed for global travelers, which can be applied for without a U.S. Social Security Number (SSN).