Established in 2020 by Amit Koshal, Rishi Batra, and Amit Sharma, Twid operates as a network effect platform, consolidating various loyalty and reward points from entities such as banks, FinTech firms, and retail/e-commerce brands. The platform enables consumers to enjoy a seamless 'one-click-checkout' experience, utilizing their reward points for payments both online and offline.
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GLOTwid, an India-based company with a vision to transform the utilization of loyalty and rewards, has secured $12m in Series A funding.
As reported by The Hindu Business Line, the funding round witnessed the participation of prominent investors including Google, ICMG Partners, JAFCO Asia, January Capital, and Reddy Futures Fund, along with existing investors BEENEXT and Sequoia India’s Surge.
Established in 2020 by Amit Koshal, Rishi Batra, and Amit Sharma, Twid operates as a network effect platform, consolidating various loyalty and reward points from entities such as banks, FinTech firms, and retail/e-commerce brands. The platform enables consumers to enjoy a seamless ‘one-click-checkout’ experience, utilizing their reward points for payments both online and offline.
The raised capital will be channeled towards expanding and strengthening Twid’s merchant and issuer network, advancing product deployments, and enhancing technological capabilities.
Amit Koshal, Founder & CEO of Twid, expressed, “Twid is committed to reshaping the landscape of rewards, fostering a fresh perspective on their utilization across platforms by introducing an entirely novel network. We are unifying diverse industry stakeholders, guiding them towards a cashless ecosystem and the future.”
Source: GLO
