Credit card and loyalty management platform SaveSage Club raised Rs 2.5 Cr angel funding
In an angel funding round led by iSEED, Alluvium Fund, and LetsVenture Fund, SaveSage Club, a credit card and loyalty management platform, raised Rs 2.5 crore. Angel investors Bhavesh Gupta, Shriram Nene, Ritesh Malik, Ramneek Sehgal, Mayank Gupta, Rahul Mathur, Piyush Nangru, Utkarsh Kumar, Amit Goel, and others participated.
According to a press release from SaveSage Club, the money will be utilized to improve user experience, develop the platform’s AI-driven capabilities, and spur quick growth.
More than 500 credit cards and 74 loyalty programs, including well-known choices like Air India Maharaja, Singapore Airlines KrisFlyer, and Marriott Bonvoy, can be tracked, managed, and optimized with SaveSage Club, which was introduced in April 2024 by Ashish Lath. Users’ credit card and loyalty program management is intended to be transformed by the platform.
The company is based in Gurugram and wants to establish itself as the platform of choice for people who want to maximize their profits and make better financial decisions. By acting as a conduit between users and their financial potential, the company tackles the extremely low level of reward optimization awareness. Its user-friendly AI-powered platform streamlines the reward optimization process and enables users to effortlessly monitor, control, and optimize benefits across a wide variety of credit cards and loyalty programs.
With more than 60 million users and over 107 million credit cards in circulation, market research indicates that India’s credit card ecosystem is set for exponential growth. It is anticipated that these numbers will double in three years once credit cards on UPI are introduced.
Over 5,000 users, including Ultra High Net Worth Individuals (UHNIs) and IT professionals, have reportedly joined SaveSage Club within weeks of its beta launch. These users appreciate the platform’s capacity to simplify and maximize their credit card and loyalty program reward points and benefits.
