Social ,11 Apr 2025

Scapia Secures $40M in Series B Funding: Revolutionizing Travel with Fintech

India's travel fintech landscape just got a serious boost. Scapia, a rapidly growing travel-focused fintech startup, has successfully raised $40 million in a Series B funding round, reinforcing its ambition to redefine how Indians travel and spend. This milestone not only validates Scapia’s unique proposition but also reflects the booming confidence in India’s fintech + travel crossover market.

 

About the Funding Round

1. Amount Raised: $40 million
2. Series: B
3. Key Investors: Existing and new global venture capitalists (exact names may be announced soon)
4. Use of Funds: Product development, user acquisition, tech enhancement, and expansion of partnerships

Scapia has now raised over $60 million in total funding, positioning it as one of India’s top new-age players in travel-focused financial solutions.

 

Who Is Scapia?

Founded in 2022 by Anil Goteti, former Senior Executive at Flipkart and Co-founder of Protonn, Scapia is disrupting the traditional travel finance market. Its core offering is a co-branded rewards credit card in partnership with Federal Bank, designed specifically for travel lovers.

Key Features of Scapia’s Credit Card:

1. Zero forex markup
2. Instant reward points redeemable for travel bookings
3. Real-time expense tracking via the Scapia app
4. Seamless booking and offers on flights, hotels, and experiences

It’s a credit card and a travel app, bundled into one slick fintech platform.

 

Why the Hype Around Scapia?

India’s domestic and international travel demand has surged post-pandemic, especially among millennials and Gen Z professionals. Scapia capitalizes on this shift by integrating financial access + travel planning on a single platform.

Here's why Scapia stands out:

1. Travel-specific rewards ecosystem (no confusing points conversions)
2. Designed for first-time credit card users and young travelers
3. Smooth UX with powerful app-based control
4. Strong fintech-banking partnership with Federal Bank

 

The Bigger Picture: Travel + Fintech = Massive Opportunity

The travel fintech space in India is heating up. With rising disposable incomes, changing work patterns (remote work, workcations), and increased credit penetration, platforms like Scapia are creating an entirely new category.

Market Signals Supporting Scapia’s Growth:

1. Over 500 million air travelers expected in India by 2027
2. Credit card adoption in Tier-2/3 cities growing by 30% YoY
3. Youth-driven demand for experiential travel and instant credit

 

What’s Next for Scapia?

With fresh capital in hand, Scapia plans to:

Strategic Focus	Details
Product Expansion	Enhance app with smarter budgeting, EMI options, & AI-driven travel planning
New Partnerships	Collaborate with airlines, hotel chains, and fintech players
Market Expansion	Enter Southeast Asia and UAE markets targeting Indian travelers
Talent Hiring	Grow product, engineering, and marketing teams

 

Founder’s Vision

Anil Goteti shared:

“At Scapia, we’re not just building a credit card. We’re building a lifestyle brand that makes travel accessible, rewarding, and simple. This funding helps us go faster and bolder.”

 

Conclusion

Scapia’s $40 million Series B funding is more than just a financial win — it's a nod to the rising convergence of travel, fintech, and digital-first banking in India. As millennials and Gen Z continue to explore the world, Scapia is perfectly positioned to become the go-to financial platform for their journeys.

With the right mix of innovation, partnerships, and timing, Scapia could very well be India’s next big fintech unicorn — and the favorite financial companion for every travel enthusiast.