With mobile wallet transactions expected to rise to $708bn in Europe by 2025, we need to simplify payments. VitraCash has launched a smart debit card & app that selects the best card for every transaction. With 15k on the waitlist they are now raising to launch publicly, grow their team & build more features.
Fintech has exploded in the last few years. With such a broad range of cards, we believe it has become almost impossible to keep track of all benefits & hidden fees, making it confusing & overwhelming to get the best deal.
VitraCard combines all of a customer’s banking & payment accounts in one app & card. It prioritises the best card for each purchase based on factors like rewards, transaction fees and FX rates. The app gives users an overview over all their accounts & lets users control how their VitraCard works.
Our business model is based on interchange fees & premium plans. We get up to 1.5% of the total transaction volume & plan to offer premium plans with additional benefits in future.
Together with our partners Marqeta & Checkout, we launched a private beta to testers from our Crowdcube investor base. In the first 4 weeks, we processed more than £200k from 100 users. We have a 15k+ waitlist.
We have experienced a great reception from the start-up & fintech communities. On March 29th we were speakers at Moneylive Summit alongside companies like Revolut, Google and Meta.
We are eager to open our product to the public & engage in more partnerships to integrate Open Banking, Apple & Google Pay, Cryptocurrencies & Wearables.
We are now fundraising to further grow our team, increase our marketing budget, & work to acquire licences with a plan to make us more independent.