With the help of angel investors Bhavesh Gupta, Shriram Nene, Ritesh Malik, Ramneek Sehgal, Mayank Gupta, Rahul Mathur, Piyush Nangru, Utkarsh Kumar, Amit Goel, and others, the credit card and loyalty management platform SaveSage Club has raised Rs. 2.5 crore in an angel funding round co-led by iSEED, Alluvium Fund, and LetsVenture Fund.

According to a press release from SaveSage Club, the money will be utilized to improve user experience, accelerate expansion, and increase the platform's AI-driven capabilities.

Ashish Lath launched SaveSage Club in April 2024. It offers a streamlined, consolidated system for tracking, managing, and optimizing more than 500 credit cards and 74 loyalty programs, including well-known choices like Marriott Bonvoy, Singapore Airlines KrisFlyer, and Air India Maharaja. The platform wants to change the way consumers handle their loyalty plans and credit cards.

The Gurugram-based business wants to establish itself as the platform of choice for consumers looking to optimize their profits and make more informed financial decisions. The business acts as a link between users and their financial potential in order to solve the extremely low knowledge of reward optimization. Users can easily track, manage, and maximize rewards across a wide range of credit cards and loyalty programs thanks to its user-friendly AI-powered platform, which streamlines the reward optimization process.

With more than 60 million users and over 107 million credit cards in circulation, market data indicates that India's credit card ecosystem is set for exponential growth. It is anticipated that these numbers would quadruple in three years once credit cards on UPI are introduced.