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SaveSage Club, a platform for managing credit cards and loyalty programs, has raised Rs 2.5 crore in angel funding. The round was co-led by iSEED, Alluvium Fund, and LetsVenture Fund, with support from angel investors like Bhavesh Gupta, Shriram Nene, Ritesh Malik, and others.
Fundinhg utilisation
The funds will help improve the platform's AI features, enhance the user experience, and support rapid growth, SaveSage Club said in a press release.
Launched in April 2024 by Ashish Lath, SaveSage Club offers a simple, central solution to track, manage, and optimize over 500 credit cards and 74 loyalty programs, including well-known ones like Air India Maharaja, Singapore Airlines KrisFlyer, and Marriott Bonvoy. The platform aims to change how users manage their credit cards and loyalty rewards.
The Gurugram-based company aims to become the go-to platform for users. Who want to make smarter financial choices and get the most out of their rewards. It helps raise awareness about reward optimization and acts as a bridge between users and their financial potential.
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Using its easy-to-use AI-powered platform, SaveSage Club makes it simple for users to track, manage, and maximize rewards from a wide range of credit cards and loyalty programs.
Market research shows that India's credit card market is set to grow rapidly, with over 107 million credit cards used by more than 60 million people. The launch of credit cards on UPI is expected to double these numbers in the next three years.
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Within just a few weeks of its beta launch, SaveSage Club says it has gained over 5,000 users, including IT professionals and Ultra High Net Worth Individuals (UHNIs). These users appreciate how the platform helps them organize and maximize their credit card and loyalty program rewards.
About SaveSage Club
SaveSage Club helps users track, manage, and optimize their credit card and loyalty reward points.
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