MaxRewards, an Atlanta, GA-based service that automates maximizing credit card rewards, cashback, and benefits, raised $3m in seed funding.
The round was co-led by Dundee Venture Capital and Calano Ventures with participation from Fintech Ventures Fund, Service Provider Capital, and Nick Izquierdo, President at Fleetcor, global payments, and card company.
The company intends to use the funds to grow its team, scale user acquisition and expand beyond credit cards.
Company: MaxRewards, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: September 2021
Lead Investors: Dundee Venture Capital and Calano Ventures
Additional Investors: Ventures Fund, Service Provider Capital, and Nick Izquierdo, President at Fleetcor
Company Website: https://www.maxrewards.com/
Software Category: Financial software
About the Company: Led by co-founder and CEO Anik Khan, MaxRewards is a Developer of application software designed to manage credit cards, monitor credit, and maximize rewards. The company's software uses algorithm-based apps from a loan payment action plan to personalized content and AI-powered auto-pay to calculate additional payment schedules to put all resources into one platform, enabling customers and borrowers to review credit scores from issuers and tackle loans.
Source: https://www.finsmes.com/2021/09/maxrewards-raises-3m-in-seed-funding.html