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# Indian reward and loyalty startup Twid raises $12 million in funding
- URL: https://www.techloy.com/indian-reward-and-loyalty-startup-twid-raises-12-million-in-funding/
- Published: 2022-08-03T14:48:12.000Z
- Updated: 2022-12-07T22:16:26.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

India-based reward and loyalty startup, [Twid,](https://twidpay.com/) has raised $12 million in its Series A funding round led by Rakuten Capital, to improve its operations. 

- The fund will be used to grow its merchant acceptance network, hire more talents across data science and analytics functions, and increase its user base.
- Founded in 2020, Twid uses a single platform to aggregate rewards and points for users from banks, brands, travel, and dining, with which they can make payments for daily spending.
- With over 100,000 online and offline merchants on its acceptance network and 40 million active registered users, the reward startup intends to grow its network.
- Google, JAFCO Asia, January Capital, ICMG Partners, Reddy Futures Fund, and Beenext and Surge invested in the latest round.