Travel fintech startup Scapia said it has raised $40 million (Rs 342.6 crore) in its Series B funding round, led by Peak XV Partners, with participation from existing investors such as Elevation Capital, Z47, and Binny Bansal’s 3STATE Capital.
The company plans to use the funds to strengthen its team, enhance product offerings, leverage AI, and accelerate its growth.
Scapia specializes in co-branded credit cards designed primarily for travel, catering to the needs of Gen Z and millennials. The card offers various benefits and is tailored for young, tech-savvy travelers.
“Over the past three years, we have focused on creating exceptional travel products, forging strong banking partnerships, and…
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