<ul><li>Bengaluru-based travel fintech startup Scapia has raised $40 million in a Series B funding round led by Peak XV Partners, with participation from Elevation Capital, Z47, and 3STATE Capital.</li><li>Scapia aims to leverage the funding to expand its team, enhance its product offerings, integrate artificial intelligence, and scale its platform to meet growing demand in the travel-centric financial products market.</li><li>Scapia's co-branded credit card, developed in partnership with Federal Bank, offers perks such as unlimited domestic lounge access, airport privileges, and rewards on purchases and travel bookings made through the platform.</li><li>The startup's app provides seamless booking, rewards redemption, financing options, and 24/7 customer support, catering to the travel needs of the younger generation in India.</li></ul>

Travel fintech startup Scapia raises $40 million in a Series B round

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