History of Karum

Originally founded in 1988 as Credit Management Services (CMS), Karum’s solution was designed by retail technology experts for retailers looking to grow sales, differentiate their offerings and to provide additional services to their customers.

Since then, Karum’s credit management platform has supported private label credit solutions in 10 countries with more than 50 retailers around the world. Retailers have successfully implemented our credit platform to support a few thousand cards to as many as 15,000,000 accounts. As a result, as much as 60% of the retailers’ sales are coming from private label credit cards which in turn drives billions of dollars of revenue.

In 2006, Karum Latin America, launched with the specific goal of servicing the retail consumer credit needs of Latin America.

Today, Karum meets the unique needs of retailers through a suite of services that together provide an end-to-end platform for private label credit – from application to collections to receivables funding.