Scapia, a travel-focused fintech company based in India, has raised US$40 million in a series B funding round.

The investment was led by Peak XV Partners, with participation from existing investors Elevation Capital, Z47, and 3STATE Capital.

The funds will help Scapia expand its team, improve products, and enhance AI capabilities to grow in India’s travel and financial services market.

Scapia’s co-branded credit card with Federal Bank offers no joining or annual fees, no forex markup, and perks like lounge access and cashback.