Scapia
A co-branded credit card solution with zero joining, annual, and forex fees, offering travel rewards, instant redemption, and seamless digital onboarding in over 200 countries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $40.0m | Series B | |
| Total Funding | 000k | ||
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Scapia is a financial technology company that partners with Federal Bank to offer a travel-focused credit card. The Scapia Federal Credit Card provides users with numerous benefits, including 10% rewards on every spend, zero foreign exchange fees, and unlimited domestic lounge access, all at zero fees. The company is not a bank and does not hold a banking license but ensures that all transactions are secure and comply with regulatory norms through its partnership with Federal Bank. Scapia serves frequent travelers who seek to maximize their rewards and benefits from credit card usage. The business operates in the financial services market, specifically targeting the travel segment. Scapia's business model revolves around providing a seamless and rewarding credit card experience, making money through partnerships and transaction fees. The company emphasizes high security standards to protect user information and maintain trust.
Keywords: travel rewards, credit card, zero forex fees, lounge access, financial technology, Federal Bank, secure transactions, frequent travelers, fintech, seamless experience.