Scapia, a Bengaluru-based travel fintech firm, raised $63 million in a funding round led by General Catalyst with participation from existing investors, including Peak XV Partners and Z47.

The company plans to utilise the fresh funds to strengthen its brand presence across India, and accelerate its AI-first product and organisational strategy. It also plans to scale its travel ecosystem by combining financial services with travel bookings and rewards. The company claims to be the first to launch a dual-network co-branded credit card in partnership with Federal Bank and BOBCARD that operates both on Visa and RuPay.

Scapia has expanded its product range, offering products such as Scapia Pay, Scapia Store, Scapia Experiences, add-ons on credit cards, and bill payment services through BBPS (Bharat Bill Payment System). Scapia Coins, the company’s rewards programme, allows users to redeem their points for flights, trains, buses, visa services, and stays.

Scapia founder & CEO Anil Goteti said, “This round will help us strengthen our product suite further, bring more value to our customers through more offerings, scale the brand, and bring in the best talent as we double down on building an AI-first culture and product approach.’’