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Real-time flight rewards search engine Point.me secures $10M in funding

RobotsRobots ยท 2y ago
Real-time flight rewards search engine Point.me secures $10M in funding
Medial

Point.me, a real-time flight rewards search engine and concierge service, has secured $10 million in Series A funding to improve its platform. The funding round, led by Thayer Ventures and featuring participation from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital, brings Point.me's total funding to $12 million. The platform simplifies the process of redeeming travel rewards, boasting over 1.5 million users and 7.8 million searches since its launch in early 2022. The funds will be used to expand partnerships with card issuers, enhance the concierge service, and develop data-driven analytics capabilities. Point.me aims to become a comprehensive loyalty management site for travelers, leveraging data-driven insights and AI algorithms to enhance the redemption experience.

SaveSage raises $1 Mn in pre-seed round

EntrackrEntrackr ยท 4m ago
SaveSage raises $1 Mn in pre-seed round
Medial

SaveSage raises $1 Mn in pre-seed round SaveSage has raised $1 million in a mix of equity and debt in its pre-seed funding round led by Bhavesh Gupta, with participation from new investors N.R. Narayanan, Lalit Wadhwa, DSP Family Office, Venture Catalysts, and Suvrat Sehgal. The proceeds will be used to strengthen its AI engine, expand product features, and accelerate user growth. Launched in October 2024, SaveSage helps users track and manage credit card and travel loyalty rewards. The platform has reached 200,000 users and an annual revenue run rate of $1.1 million as of September 2025. SaveSageโ€™s business model is based on a mobile app that provides credit card management, rewards optimisation tools, and bill payment services. It competes with platforms such as CRED, CheQ, and OneScore, with a focus on rewards and loyalty optimisation. SaveSage currently manages over 1 million credit cards and 400,000 loyalty program accounts. Over 100,000 users pay their credit card bills through the platform.

Razorpay acquires majority stake in POP with $30 Mn investment

EntrackrEntrackr ยท 9m ago
Razorpay acquires majority stake in POP with $30 Mn investment
Medial

Razorpay acquires majority stake in POP with $30 Mn investment Rewards-first UPI payments app POP has raised $30 million from Razorpay to grow its payments and commerce platform. With this, Razorpay has acquired a majority stake in the Bengaluru-based startup. While POP did not share further transaction details, it will operate as a separate entity. Earlier in June last year, POP had raised $2.4 million in its seed funding round led by India Quotient and a few prominent angel investors. The fresh proceeds will be used to improve its products, grow its merchant base, and enhance its rewards program. POP started its UPI platform in June 2024. It claims to have crossed 6 lakh daily transactions and 1 million unique monthly transactions within the first year. According to the company, it fulfilled 2 lakh orders and issued over 40,000 RuPay credit cards in collaboration with Yes Bank. POPโ€™s main feature is POPcoins, a multi-brand rewards currency that consumers earn when making payments or shopping on the platform. These POPcoins can be redeemed across POPโ€™s extensive merchant network, offering users flexible and valuable incentives. Razorpayโ€™s investment in POP expands its services into loyalty, engagement, and commerce. POPโ€™s payments and rewards ecosystem lets merchants reward transactions and payments directly. Previously in September 2022, Razorpay acquired PoshVine to add loyalty and rewards to its payments stack. POP will help Razorpay serve merchants by offering payments, loyalty, and engagement services in a single platform. The development follows Razorpayโ€™s recent announcement to shift its domicile back to India from the US. While the company has no immediate plans for a public listing, it has completed key regulatory steps, including its transition into a public limited company and securing approval for the merger of Razorpay Inc. with Razorpay India. Razorpay stands out as one of the few profitable unicorns in the fintech space, having reported revenue of Rs 2,068 crore and a profit of Rs 35 crore in FY24. The company is yet to announce its FY25 results.

Exclusive: Mintoak plans to acquire Dubai-based ICC Loyalty

EntrackrEntrackr ยท 15d ago
Exclusive: Mintoak plans to acquire Dubai-based ICC Loyalty
Medial

Exclusive: Mintoak plans to acquire Dubai-based ICC Loyalty Merchant SaaS platform Mintoak is set to raise Rs 80 crore in debt from BlackSoil to fund the acquisition of Dubai-based customer loyalty management platform Innovative Consumer Concepts (ICC Loyalty). Mintoakโ€™s board has passed a resolution to approve the issuance of up to 1,600 Non-Convertible Debentures (NCDs) at a face value of Rs 5 lakh each to raise Rs 80 crore, according to its filing with the Registrar of Companies. Innovative Consumer Concepts (ICC Loyalty) is a Dubai-based fintech platform by ICC Fintech that builds digital loyalty and rewards solutions for brands and financial institutions, helping them run loyalty programs, manage rewards, cashback, gift cards, and digital banking features. Mintoak declined to comment on queries sent by Entrackr. Recently, the company raised Rs 53.3 crore (around $6 million) in its ongoing Series A round from existing investors PayPal and Pravega Ventures at a post-money valuation of Rs 2,500 crore (about $280 million). Founded by Raman Khanduja, Rama Tadepalli, and Sanjay Nazareth, the companyโ€™s product suite includes a range of SaaS offerings that help banks and merchant acquirers connect with their small and medium enterprise (SME) customers and drive the cross-sell of financial products. In FY25, Mintoakโ€™s operating revenue rose 27.9% year-on-year to Rs 92.85 crore from Rs 72.59 crore in FY24. Its net profit also jumped 56% to Rs 35.58 crore during the fiscal, compared to Rs 22.76 crore in FY24. In March 2025, Mintoak acquired fintech startup Digiledge, which focuses on bill payments and Central Bank Digital Currency (CBDC) solutions, in a deal whose value was not disclosed.

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