Rewards and loyalty startup Twid raised $12 million in Series A led by Rakuten Capital

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Rewards and loyalty startup Twid raised $12 million as part of its Series A led by Rakuten Capital where Google, JAFCO Asia, January Capital, ICMG Partners, Reddy Futures Fund and existing investors Beenext and Surge, the accelerator programme of Sequoia Capital India, also participated.

Twid connects various reward point systems from various issuers to a single platform. Twid allows customers to access all of their rewards points from banks, brands, travel, and dining on one platform and use them to pay for their daily purchases. The funds would be used to expand the company’s merchant acceptance network, hire more talent in data science and analytics functions, and drive further technological innovation. The company also intends to more than double its workforce by the end of the current fiscal year.

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Rewards and loyalty startup Twid raised $12 million in Series A led by Rakuten Capital

Rewards and loyalty startup Twid raised $12 million as part of its Series A led by Rakuten Capital where Google, JAFCO Asia, January Capital, ICMG Partners, Reddy Futures Fund and existing investors Beenext and Surge, the accelerator programme of Sequoia Capital India, also participated.

Twid connects various reward point systems from various issuers to a single platform. Twid allows customers to access all of their rewards points from banks, brands, travel, and dining on one platform and use them to pay for their daily purchases. The funds would be used to expand the company’s merchant acceptance network, hire more talent in data science and analytics functions, and drive further technological innovation. The company also intends to more than double its workforce by the end of the current fiscal year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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