Funding Alert

SaveSage Club Raises Rs 2.5 Crore in Angel Funding to Revolutionize Credit Card and Loyalty Program Management

• ByStartupStory     |    December 9, 2024

SaveSage Club, an innovative credit card and loyalty management platform, has successfully raised Rs 2.5 crore in an angel funding round. The round was co-led by iSEED, Alluvium Fund, and LetsVenture Fund, with participation from angel investors such as Bhavesh Gupta, Shriram Nene, Ritesh Malik, Ramneek Sehgal, Mayank Gupta, Rahul Mathur, Piyush Nangru, Utkarsh Kumar, Amit Goel, and others.

The platform, which aims to streamline the way users track, manage, and optimize their credit card and loyalty program benefits, will use the funds to enhance its AI-driven capabilities, improve user experience, and accelerate its growth.

Launched in April 2024 by Ashish Lath, SaveSage Club is a one-stop solution designed to help users optimize rewards across more than 500 credit cards and 74 loyalty programs. The platform supports popular loyalty programs, including Air India Maharaja, Singapore Airlines KrisFlyer, and Marriott Bonvoy.

SaveSage Club is focused on reshaping how users manage their credit card and loyalty programs by addressing the low awareness surrounding reward optimization. The platform acts as a bridge, connecting users with their financial potential. Through its AI-powered features, SaveSage Club simplifies the process of maximizing rewards and helps users seamlessly track and manage their benefits.

“We are excited to receive the support from our investors as we expand SaveSage Club’s AI-driven capabilities and user experience. This funding will allow us to accelerate our growth and bring our solution to an even wider audience,” said Ashish Lath, Founder of SaveSage Club.

According to market research, India’s credit card ecosystem is set for significant growth. There are over 107 million credit cards in circulation, serving more than 60 million users, with expectations to double this number within three years with the introduction of credit cards on UPI.

SaveSage Club, which claims to have attracted over 5,000 users within weeks of its beta launch, is quickly gaining traction among a diverse user base. These early adopters range from IT professionals to Ultra High Net Worth Individuals (UHNIs), all of whom appreciate the platform’s ability to streamline credit card and loyalty program management and maximize rewards.

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