4 years ago

VitraCash Raises £330,000 for AI-Powered Smart Debit Card

  • London-based fintech startup VitraCash has secured £330,000 in pre-seed funding from almost 1,000 investors

  • The company is developing a smart debit card that uses AI to select the best card for every transaction, considering elements such as FX rates, cashback, insurances, and more

  • VitraCash plans to launch the card in the third quarter of 2021 and is in active discussions with VC funds to lead a bigger seed round early next year.

      • ProblemFinancial Services

      "Paying for goods and services with multiple cards can be cumbersome, especially when traveling internationally. It's difficult to keep track of which card offers the best exchange rates, cashback, or other benefits for each transaction."

      Solution

      "VitraCash offers a smart debit card that uses AI to automatically select the best card for each transaction based on factors like exchange rates, cashback, and insurance. This simplifies the payment process and helps users save money."

      Covered on