SaveSage Club

Overview

SaveSage Club is an AI-driven platform based in Gurugram, India, that offers solutions to manage and optimize credit card and loyalty program rewards. Founded in April 2024 by Ashish Lath, the company aims to simplify the process of reward optimization for users. The platform has quickly gained traction, raising Rs 25 million in angel funding from investors including iSeed, Alluvium Fund, and LetsVenture Fund.

Recent Developments

December 2024: SaveSage Club raised Rs 2.5 crore in an angel funding round co-led by iSEED, Alluvium Fund, and LetsVenture Fund, expanding its AI capabilities and user experience. This strategic funding injection is set to accelerate its growth and enhance its product offerings.
May 2024: The company completed a seed funding round securing Rs 25 million, involving participation from notable investors such as Bhavesh Gupta (Paytm), Shriram Nene, and Ritesh Malik. This round was crucial in fueling SaveSage's initial product and market expansion.
April 2024: SaveSage Club launched its platform that integrates over 500 credit cards and 74 loyalty programs, including prominent names like Air India Maharaja, Singapore Airlines KrisFlyer, and Marriott Bonvoy. Within weeks, the platform attracted more than 5,000 users, indicative of its promising potential in the fast-evolving fintech landscape.

Attribute	Information
Founding Date	April 2024
Headquarters	Gurugram, India
Founders	Ashish Lath
Revenue	Not disclosed
Profits	Not disclosed
Key Investors	iSeed, Alluvium Fund, LetsVenture Fund
Industry	Financial Services
Number of Employees	Approximately 13

Early History

SaveSage Club's genesis traces back to April 2024 amid burgeoning opportunities in India's fintech scene. The platform was conceived by Ashish Lath with a vision to revolutionize how individuals manage their financial rewards. Recognizing the complexity and low engagement with credit card and loyalty rewards, SaveSage sought to bridge this knowledge gap with innovative, AI-powered solutions. Its early days were marked by strategic planning and initial funding achievements that catalyzed its subsequent product launch and market entry.

Company Profile and Achievements

SaveSage Club operates on a robust business model focused on leveraging AI to enhance user interaction with financial services. Key achievements include:

Launch of a unified platform supporting numerous credit cards and loyalty programs, positioning SaveSage as a pioneer in digital reward management.
Rapid user acquisition of over 5,000 users in the beta phase, underscoring its market acceptance and operational readiness.
Strategic partnerships and funding rounds that have secured financial stability and investor confidence, ensuring steady growth and enhanced service capacity.
Continuous improvement of user interfaces and back-end systems to provide seamless and effective solutions for managing financial rewards.

Current Operations and Market Position

At present, SaveSage Club is centred around scaling its operations across India, targeting financial savviness among consumers and tech enthusiasts. Its AI-driven platform offers personalized tracking and optimization services, making it a preferred tool for those seeking to boost their reward utilization. With continued development in AI integrations, SaveSage is well-positioned to capture a significant market share as the financial technology sector in India expands.

Conclusion

SaveSage Club stands out in the fintech space with its innovative solutions for managing credit card and loyalty program rewards. As a recent entrant in 2024, it has already made significant inroads in the financial services industry, fueled by investor support and consumer demand for smarter financial tools. Its future growth is likely to leverage advancements in AI and fintech, fostering deeper engagements and a broader user base. SaveSage's impact may redefine how individuals interact with credit and reward systems across India's rapidly expanding financial ecosystem.