Karta vs Fizen
short answerBoth are web3-native neobanks with similar positioning — the real differences are FX markup, fees, license and geography, compared field by field below.
Karta: Telegram-first self-custody card (Rain-issued); settles on Tempo; no US.
Fizen: Tether-invested travel neobank: card + local QR payments across APAC/MENA.
Side by side
| Karta | Fizen | |
|---|---|---|
| Category | web3-native | web3-native |
| Audience | travel & digital nomads | travel & digital nomads |
| HQ | Redwood City, US | Ho Chi Minh, VN |
| Founded | 2020 | 2022 |
| Custody | MPC self-custodial | Self-custodial |
| Regulation | Self-custodial software | Self-custodial software |
| License detail | Self-custodial (MPC via Privy); Visa issued by Rain | — |
| Card | Visa · Virtual + physical | Visa/MC · Virtual + physical |
| Cashback | — | Offers |
| Yield | — | — |
| FX markup | — | — |
| Services | — | — |
| Stablecoins | Yes | Yes |
| KYC | Card only | Card only |
| Regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania | Asia |
| Reported users | — | — |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.