Rewards-based payment network TWID (That’s What I Do) has raised $2.5 million led by BEENEXT and Sequoia Capital India's Surge. The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India.
The Singapore and India headquartered startup connects customers with merchants to pay with points earned from a "Point Issuer" programme. The platform empowers banks, brands, acquirers, and customers to make their programme completely business viable and employ a contactless payment mode for offline payments or as a checkout option on online merchants using “Pay with Rewards."
Its ‘Pay with Rewards’ platform has worked with brands like PayU, NPCI's nth Rewards, IndusInd Bank, Jiomart, TimesPoint, and more, and has been used for over one million transactions within the first six months of launch.
