Travel-fintech startup Scapia has raised $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The latest investment comes roughly a year after the company’s previous $40 million Series B round.
Founded by Anil Goteti, Scapia operates at the intersection of travel and financial services, offering co-branded credit cards and travel-focused financial products in partnership with banks such as Federal Bank and BOBCARD. The company positions itself as an AI-first platform designed to simplify travel spending and rewards through integrated financial tools.
The new capital will be used to expand Scapia’s customer base across India and accelerate development of its artificial intelligence-led product stack. The company is also investing in engineering, product, data science, and design teams as it scales its operations.
Scapia has reported strong growth in its travel segment, with flight bookings rising five to six times and hotel bookings increasing eightfold over the past year. It also notes increasing adoption in Tier-II and Tier-III cities, reflecting broader demand for travel-linked credit products in emerging markets.
Beyond credit cards, Scapia is building a broader ecosystem that includes UPI-based payments, rewards tools, bill payments, and travel services. Its rewards system, “Scapia Coins,” can be redeemed across travel bookings and experiences, while its cards offer features such as zero forex markup and airport-related benefits.
The company says it aims to become a unified travel-finance platform, combining payments, credit, and AI-driven personalization into a single consumer experience.
