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Scapia's $500M Funding: India's Travel-Fintech Revolution
Description
Scapia, an Indian startup, secures $63M in funding, led by General Catalyst, despite a global fintech slowdown. This boosts Scapias valuation to over $500M, with a focus on integrating travel booking, credit cards, and mobile payments. Their platform, popular among young Indians, offers co-branded credit cards, UPI payments, and travel bookings, with a dual-network credit card supporting both Visa and RuPay. Scapias growth trajectory is promising, despite competition in the travel-focused financial products market.
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