AI-driven credit card and loyalty management platform SaveSage Club raises Rs 2.5 crore

SaveSage Club, a Gurugram-based AI-driven credit card and loyalty management platform, has raised Rs 2.5 crore in an angel funding round co-led by iSEED, Alluvium Fund, and LetsVenture Fund.

The round also saw participation from several angel investors, including industry veterans like Bhavesh Gupta, Shriram Nene, Ritesh Malik, Ramneek Sehgal, Mayank Gupta, Rahul Mathur, Piyush Nangru, Utkarsh Kumar, Amit Goel, and others.

What does SaveSage Club do?

Founded in April 2024 by Ashish Lath, SaveSage Club offers an intuitive platform designed to simplify the management of over 500 credit cards and 74 loyalty programs, such as Air India Maharaja and Marriott Bonvoy.

The startup's aim is to empower users to maximize their financial rewards and improve decision-making through AI-driven optimization.  

Expanding capabilities  

The funds will be utilized to enhance the platform's AI capabilities, improve user experience, and accelerate its growth trajectory.

With India currently boasting over 107 million credit cards in use and the potential for the market to double as credit cards integrate with UPI, SaveSage Club is well-positioned to capitalize on this growth.  

Early success  

Within weeks of its beta launch, SaveSage Club claims to have attracted over 5,000 users, ranging from IT professionals to Ultra High Net Worth Individuals (UHNIs), who value the platform’s ability to streamline and optimize their credit card and loyalty program reward points and benefits.