Indian fintech Scapia, which offers a co-branded card with Federal Bank that converts daily expenses into travel rewards, has raised $23 million in a Series A round. The funding, led by Elevation Capital and 3STATE Ventures, will be used to expand its customer base, partner with more banks, and enhance its product offerings. Since its launch five months ago, Scapia’s card has reached over 7500 pin codes and is used in 50 countries across five continents.
We would like to add similar companies like Scapia to our investment portfolio. If you are an entrepreneur with a comparable business idea and are seeking investment, we encourage you to connect with us. Let’s collaborate to create innovative solutions that have the potential to revolutionize the fintech landscape.
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