DancingBiscuit
DancingBiscuit
Jupiter

Startups X Credit Cards

How are Indian startups performing in credit cards? Haven’t heard much noise lately from any of them Uni, Slice, Scapia, Kiwi everyone seems to be cooling down at this point. Last couple of quarters all were pushing a lot in marketing and onboarding.

10mo ago
DancingBiscuit
DancingBiscuit
Jupiter10mo

Heard that Scapia is going through some regulatory issues and had to stop user onboarding. Anyone here from Scapia?

SnoozyHamster
SnoozyHamster
Jupiter8mo

How is Jupiter now?

DizzyWalrus
DizzyWalrus
Student10mo
  • One card is loss making, Raised funds this year.
  • Fi has a credit card- Simplifi which is FD backed and AmpliFi which is based on your
  • Slice acquired a bank (so they are the 1st fintech with a baning license) so can expect some interesting offerings

I find Niyo, Scapia so similar.

Uni has early salary which is their offering which honestly Fi & Jupiter also have in salary accounts (idk the eligibility criteria though)

DancingMuffin
DancingMuffin
Slice10mo

Credit card cannot be issued by startup’s. They can partner with bank to issue it which makes it a bad deal for startup’s.

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