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Scapia, a Bengaluru-based question fintech firm, raised $63 cardinal successful a backing circular led by General Catalyst with information from existing investors, including Peak XV Partners and Z47.
The institution plans to utilise the caller funds to fortify its marque beingness crossed India, and accelerate its AI-first merchandise and organisational strategy. It besides plans to standard its question ecosystem by combining fiscal services with question bookings and rewards. The institution claims to beryllium the archetypal to motorboat a dual-network co-branded recognition paper successful concern with Federal Bank and BOBCARD that operates some connected Visa and RuPay.
Scapia has expanded its merchandise range, offering products specified arsenic Scapia Pay, Scapia Store, Scapia Experiences, add-ons connected recognition cards, and measure outgo services done 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 laminitis & CEO Anil Goteti said, “This circular volition assistance america fortify our merchandise suite further, bring much worth to our customers done much offerings, standard the brand, and bring successful the champion endowment arsenic we treble down connected gathering an AI-first civilization and merchandise approach.’’
