Posted September 24, 2021
MaxRewards, a rewards startup based in Atlanta, has raised $3 million via a seed funding round to change how credit card users maximize rewards.
The funding round was co-led by Dundee Venture Capital and Calano Ventures, counting with participation from other prominent investors like Fintech Ventures Fund, Service Provider Capital, and Nick Izquierdo, President at Fleetcor. Ron Watson, Partner at Dundee Venture Capital, referred to the firm’s motivation to lead the round by stating:
“MaxRewards is building the platform that people with multiple credit cards have always wanted. Gone are the days of unwieldy spreadsheets to track and optimize your credit card rewards. MaxRewards does all of that for you now.”
The startup was founded with the mission to automate the process of maximizing credit card benefits such as miles, cash back, and cash rewards. Since January of this year, MaxRewards has seen its active user base increase by more than 200% while also having its recurring revenue grow by more than 10x.
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