Point.me Secures $15 Million in Series B Funding

Point.me, a leading travel rewards search platform, has secured a significant $15 million in a Series B funding round.

This investment by giant companies underscores the company's rapid growth and innovative approach to helping travelers maximize their rewards so they can travel to more destinations at less cost and also with fewer points to redeem.

The funding round was co-led by Nyca Partners and Citi Ventures, with participation from prominent investors including Brian Kelly (founder of The Points Guy), Samsung Next, RiverPark Ventures, Four Cities Capital, MoreThan Capital, as well as Meta executives (Kay2Ventures and Morgan Rose) and the co-founder of ITA Software (Google Flights). Thayer Ventures and PAR Capital Ventures with their previous funding also joined this new round.

This influx of capital will fuel point.me's expansion and further solidify its position as a pioneer in the travel rewards space around the globe.

Point.me has gained significant traction in recent months, forming strategic partnerships with industry giants like American Express and Bilt Rewards to help people get low-cost flights.

The platform's user-friendly interface and comprehensive search capabilities have resonated with travelers seeking to optimize their rewards for flights, hotels, and more as per their own requirements so they can actually have some control over what they want and what they don't.

"I am grateful for the support for our vision from our new and existing investors. Their vote of confidence demonstrates both consumer and market interest in cutting-edge technology at the intersection of personal finance and meaningful travel rewards," said Adam Morvitz, Founder & CEO of point.me.

"We are delighted to be entrusted by leading banks and credit card companies as a unique opportunity for them to enhance their travel rewards."

As point.me continues to disrupt the travel rewards industry, the company's future looks promising. With this latest round of funding, point.me is well-positioned to become the go-to platform for travelers looking to make the most of their points and miles.

So finally, we are going to get more cheap prices on flights.