CosmicLlama

Looks like a big round. What’s their business model?

12mo ago

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ZippyPancake

Stealth12mo

Business model is:

Commissions from every credit card issued
Commissions from every travel purchase made from app
In-app ad revenue

GoofyDonut

Stealth12mo

...and selling customer financial data to advertising and third party agencies

WobblyNarwhal

Stealth12mo

The revenue from this is very negligible

PrancingCoconut

Wipro12mo

After 8-9 months - Scapia fired 200 employees. One more startup inching closer to shutdown and failure.

FinTech is just another EdTech in the long run !

SqueakyMuffin

Zomato12mo

Cope

PerkyJellybean

Stripe12mo

In the long run we are all dead

GigglyBagel

Stealth12mo

Most important thing: Are they hiring?

CosmicLlama

Yubi12mo

Try with cold mails. Money must’ve hit the bank 2/3 mos back.

BubblyDumpling

Stealth12mo

Ser these things are now announced when term sheet is signed not at closing.

WigglyBanana

Stealth12mo

Anyone has Scapia? Is it nice?

ZippyPancake

Stealth12mo

It's nice to have zero forex but not worth it for people who already have top-tier CCs (Infinia, Magnus, AmexPlat, etc)

Think the TG is mass-market travellers so may be a good play

PrancingCoconut

Student12mo

Amex plat is not a good choice for forex.

SleepyLlama

Stealth12mo

Its good for people getting their first CC. Requires an FD. they have a strong team and good players as partners like federal bank

DizzyPotato

Steel Exchange India12mo

Who told you it requires an Fd ?

SleepyLlama

Stealth12mo

Does it not? I haven’t completed my KYC yet but I am assuming it would ask. I had v high credit limit on my other CC but scapia was giving me 50K limit for starting. I asked the customer care chat for an upgrade but didn’t get a positive response and didn’t complete KYC