Gurugram-based SaveSage Club, a credit card and loyalty management platform, has raised ₹2.5 crore in an angel funding round co-led by iSEED, Alluvium Fund, and LetsVenture Fund. The round saw participation from prominent angel investors, including Bhavesh Gupta, Shriram Nene, Ritesh Malik, Ramneek Sehgal, Mayank Gupta, Rahul Mathur, Piyush Nangru, Utkarsh Kumar, and Amit Goel.
The startup plans to utilize the funds to enhance its AI-driven capabilities, refine user experience, and accelerate growth.
A Game-Changing Platform
Launched in April 2024 by Ashish Lath, SaveSage Club provides a centralized, AI-powered solution to simplify the management of over 500 credit cards and 74 loyalty programs, including popular ones like Air India Maharaja, Singapore Airlines KrisFlyer, and Marriott Bonvoy.
SaveSage Club aims to empower users by addressing the lack of awareness about reward optimization. Through its intuitive platform, users can effortlessly track, manage, and maximize their benefits, transforming how they interact with credit cards and loyalty programs.
Positioned for Growth
India’s credit card ecosystem is expanding rapidly, with over 107 million credit cards in circulation among 60 million users. The introduction of credit cards on UPI is expected to double these figures within three years, presenting a massive opportunity for platforms like SaveSage Club.
In its beta phase, the platform attracted over 5,000 users, including IT professionals and Ultra High Net Worth Individuals (UHNIs), drawn to its ability to streamline and optimize reward points and benefits.
SaveSage Club’s innovative approach positions it as the go-to solution for users looking to make smarter financial decisions and maximize their rewards. With the fresh funding, the company is poised to reshape the credit card and loyalty management landscape in India.
