SickElite
SickElite

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

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12mo ago
spymig
spymig

Business model is:

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

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

Stratman
Stratman

The revenue from this is very negligible

Zzzzz
Zzzzz
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 !

DiwaliBonus
DiwaliBonus
Zomato12mo

Cope

siddus
siddus
Stripe12mo

In the long run we are all dead

SteveRogers
SteveRogers

Most important thing: Are they hiring?

SickElite
SickElite
Yubi12mo

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

SAZ
SAZ

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

AlphaGrindset
AlphaGrindset

Anyone has Scapia? Is it nice?

spymig
spymig

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

LightRefund
LightRefund
Student12mo

Amex plat is not a good choice for forex.

UrbanRun44
UrbanRun44

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

Who told you it requires an Fd ?

UrbanRun44
UrbanRun44

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

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ElonTusk
ElonTuskStartup15mo

Prediction - The next startup to fall will be Jar

This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.

This has been going on for quite some time and they recently did some lay...

Rustyryan
RustyryanStartup9mo

Does anyone know what SalarySe even does?

Saw the founder giving spiel on CNBC - however I couldn’t get a thing what is he really trying to build. Whatever little I could get is it is similar to refyne earned wage access and credit to employees working in organisations SalarySe ...