Scapia: The Travel‑First Fintech Combining Credit Cards, UPI, and Travel Booking

The company is headquartered in Bengaluru and was founded in 2022 by Anil Goteti, a former senior executive at Flipkart.

Instead of offering just a credit card or just a travel booking service, Scapia tries to integrate the two so that payments, rewards, and travel planning happen in one ecosystem.

Key Products and App Features

Scapia’s app combines several consumer financial and travel services.

Travel booking

Users can book flights, hotels, and other travel services directly inside the app, using either normal payments or rewards earned from spending.

Co‑branded credit cards

One of the company’s flagship offerings is a co‑branded credit card built with Federal Bank, designed specifically for travel rewards and frequent travelers.

The card converts spending into travel credits that can be redeemed through the app’s booking platform.

UPI payments linked to credit

In 2025, Scapia and Federal Bank launched a dual‑network credit card that integrates both Visa and RuPay, allowing customers to use credit for transactions across online, offline, international, and UPI payments.

This structure enables users to:

• Pay through UPI using a credit line
• Use either Visa or RuPay payment networks
• See all spending consolidated in a single credit card statement

The approach aims to blend India’s dominant digital payment system—UPI—with traditional credit card rewards and travel perks.

Travel rewards ecosystem

The platform’s broader model converts daily spending into travel rewards that can be redeemed inside the Scapia travel marketplace.

This “earn while you spend” structure is designed to encourage users to manage payments and travel planning within the same app.

Funding, Valuation, and Investors

Scapia’s newest financing reflects growing investor interest in travel‑focused fintech platforms in India.

Key details of the latest round include:

• $63 million new funding led by General Catalyst
• Participation from existing investors Peak XV Partners and Z47
• Total funding of about $135 million after the round

Reported valuations vary by source:

• More than $500 million, according to TechCrunch
• Around $450 million, according to Moneycontrol sources

Despite the difference, both estimates indicate that Scapia’s valuation has more than doubled within roughly a year.

Growth Signals

Public disclosures about user numbers and transaction volume remain limited. However, available financial data suggests rapid early growth.

For example, the company reported operating revenue growth of about 71% year‑over‑year in FY25, highlighting increasing traction for its travel and credit products.

The new funding round itself is notable because it comes during a broader slowdown in fintech dealmaking, suggesting investor confidence in the travel‑payments niche.

Banking Partnerships

Scapia’s financial products rely on partnerships with traditional banks.

The primary confirmed partner is Federal Bank, which issues the company’s co‑branded credit cards and supports its credit‑based payment features.

How the New Funding Will Be Used

The company plans to use the $63 million round to expand both its travel and financial services ecosystem.

Planned investments include:

• Expanding its AI‑driven travel fintech platform
• Growing its customer base across India
• Building additional financial and travel products
• Hiring engineers and strengthening technology capabilities

Scapia’s longer‑term goal is to evolve from a credit‑card‑centered startup into a broader “travel lifestyle platform.”

Why Investors Are Paying Attention

The company sits at the intersection of two rapidly expanding sectors in India:

• Digital payments, dominated by UPI
• Online travel booking, which continues to grow as international travel rebounds

By linking everyday payments, credit rewards, and trip bookings inside a single app, Scapia is betting that travel can become the most compelling use case for consumer fintech rewards.

Whether that integrated model can scale faster than traditional travel agencies or standalone fintech apps will determine how large the company can ultimately become.