Carta, a fintech startup that rode its message of democratizing startup ownership to a $7.4 billion valuation, is facing mounting blowback after a client accused one of the company’s sales employees of trying to use confidential customer information to broker trades.

Carta has been celebrated by Fast Company and others for giving startup employees the tools to reap the benefits when their companies go public. It primarily makes software used by many early-stage ventures to track ownership. READ MORE