Travel fintech specialist Scapia has raised $40 million in Series B funding.
The investment in the India-based company was led by Peak XV Partners with existing investors, Elevation Capital, Z47 and 3STATE Capital also participating.
The funding will go towards boosting the team, enhancing its product offerings and accelerating growth plans, Scapia said in a statement.
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Scapia offers a co-branded credit card targeting Gen Z and millennials which offers rewards, Scapia coins, which can be redeemed for flights, hotel stays and other products. Users earn 10% rewards on all transactions, rising to…
