Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge

TWID (That’s What I Do), a rewards-based payment network, has raised $2.5 million in funding led by BEENEXT and Surge, a rapid scale-up programme by Sequoia Capital India for startups in India and Southeast Asia. The company is headquartered in both Singapore and India. 

The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India. 

Ongoing shifts towards e-commerce, digital payments, instant payments and card displacements have seen an exponential increase, especially so since the beginning of the Coronavirus (Covid-19) pandemic. Additionally, the adoption of digital technologies among customers has sped up by several years. While loyalty programmes