Creator finance startup Karat has laid off staffers after raising $70 million earlier this year

• Creator finance startup Karat Financial laid off staffers this month, four people familiar with the matter said.
• The cuts came a few months after the company raised $70 million in new funding.
• Karat declined to comment.

The creator finance startup Karat Financial laid off staffers this month, four people familiar with the matter told Insider.

Three of these people, who included current and former employees, estimated that 10% or more of the company was cut, but did not have a precise figure from management. Karat declined to comment on the layoffs.