Scapia builds co-branded credit cards and AI-powered travel booking for Gen Z travelers with integrated rewards.
$63M
A $63M raise for a co-branded card + travel booking combo in India signals that fintech investors still believe bundled loyalty products can work if you own the customer journey end-to-end—but the bar is now execution on unit economics, not just TAM. If you're building in adjacent verticals (dining, shopping, subscriptions), watch whether Scapia's rewards model actually drives repeat bookings or just card adoption; that'll tell you if vertical integration is a moat or a distraction.