Bengaluru-based payment app Twid raised INR 10cr from SSV LLC, a business owned by tech go-getters. Twid established by Amit Koshal, Rishi Batra and Amit Sharma is recognized as a reward-based platform that brings several points as reward of banks, retail, entertainment, F&B and many more.

The platform allows the users to follow up their points together and spend them just like cash. Not just this, it also provides options to check the current worth, expiry details and transaction history. It is now available on Google Play and many stores, be it online or offline are considering to make them valuable.

The points gained can worth a huge amount when clubbed in a single account.

It can be later used for payments and transactions. The company grasps high-end frameworks to understand the users behavior and analyse the spending pattern and furnish user-centric recommendations.

Amit Koshal, one of the Co-Founders said that Twid’s present goal is to boost the rate of digital transactions and accelerate the swipes and spending on different payment methods. “Partner banks and brands are leveraging our platform to take the value of their rewards to an all-new level for a multifold increase in their consumer engagement,” mentioned Amit.

He further added “Close to INR 1.15 lakh crore in India is spent every month by Indian consumerswho make multiple purchases through just credit and debit card. On these spends, we earn rewards not just from the banks but even by the brands, both offline and online. These points are siply lying idle and unused because they stay hideen. TWID is here to make thses rewards more valuable. By bringing pointa in rotation, we’re ensuring a boost to digital transactions in the country through incremental swipes and spends on cards, net banking, and UPI. We will also facilitate additional earning on the same transaction for both our partners and consumers.”