Point.me Secures Series A Funding to Revolutionize the Travel Booking Industry

Point.me, a travel booking platform, has announced a successful Series A funding round to further expand its services and partnerships. The company, founded by Adam Morvitz, aims to provide a seamless and easy-to-use solution for travelers to unlock and utilize the $30 billion worth of loyalty points that go unredeemed each year. With its metasearch platform, Point.me has already gained 1.5 million registered users in its first year and experienced a remarkable 1860% growth in annual recurring revenue.[0]

The recent funding will allow Point.me to strengthen its partnerships with leading credit card issuers, enhance its premium concierge service, and expand its subscription business to new customers. The company's platform currently integrates with loyalty rewards from major credit card providers, including American Express, Bilt, Capital One, Chase, and Citi. The investment will enable deeper integrations with existing partners, offering seamless searches and bookings for cardholders. Additionally, Point.me aims to establish new partnerships with more providers to achieve platform ubiquity.

Thayer Ventures, a leading venture capital firm, participated in the Series A funding round and expressed excitement about Point.me's mission to make smarter travel accessible and approachable. The company's unmatched travel discovery and search experience have proven to be valuable assets for various types of travelers.[1] Thayer Ventures looks forward to supporting Point.me in expanding its reach and scaling its business-to-business and business-to-consumer verticals.

With the funding, Point.me plans to further develop its enterprise partnerships with top U.S. card issuers, enhance its premium concierge service, and expand its consumer subscription business. The company's platform already operates alongside loyalty rewards from major credit card providers, including American Express, Bilt, Capital One, Chase, and Citi. The investment will enable deeper integrations with current partners, allowing for seamless searches and bookings for cardholders. Point.me also aims to establish new partnerships with additional providers to achieve platform ubiquity.

The successful Series A funding round will fuel Point.me's growth and expansion plans, allowing the company to reach new customers and enhance its offerings. With its innovative metasearch platform and commitment to unlocking the value of unredeemed loyalty points, Point.me is poised to revolutionize the travel booking industry and provide travelers with a seamless and rewarding experience.

In conclusion, Point.me has secured significant funding through its Series A round, paving the way for the company's expansion and partnerships in the travel booking industry. With its unique metasearch platform and focus on unlocking the value of loyalty points, Point.me aims to provide travelers with a seamless and rewarding travel booking experience. With the support of leading credit card issuers and venture capital firms, Point.me is well-positioned to revolutionize the way people book and utilize their travel rewards.

0. “Travel Rewards and Loyalty Leader POINT.ME Raises $10M in …” www.businesswire.com, 6 Sep. 2023, https://www.businesswire.com/news/home/20230905604846/en/Travel-Rewards-and-Loyalty-Leader-POINT.ME-Raises-10M-in-Series-A-Funding-To-Expand-Travel-Discovery

1. “Point.me raises $10M to boost partnerships and expand concierge …” www.phocuswire.com, 6 Sep. 2023, https://www.phocuswire.com/point-me-search-engine-funding/AMP

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