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Twid
Twid, led by Amit Koshal, converts loyalty and reward points into a payment network that settles at checkout across Indian merchants and banks.
Twid
A revolutionary platform converting fragmented and under-utilized reward points into a universal, spendable currency.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore
Additional offices
Bengaluru, India
Principals
Amit Koshal
Co-Founder & CEO
Rishi Batra
Co-Founder & COO
Ankur Jain
Co-Founder & CTO
Sector focus
Frequently asked questions
Who runs product and technology decisions at Twid?
Ankur Jain, a co-founder and the firm's chief technology officer, leads platform architecture and product development. The three co-founders—Amit Koshal (CEO), Rishi Batra (COO), and Jain—retain operational control of the company, which has raised venture funding from Sequoia Capital India and BEENEXT among others (per public record).
How does Twid differ from a consumer loyalty app or wallet?
Twid does not operate a consumer-facing wallet. It functions as a payment network that integrates directly with banks, card issuers, and merchants, allowing reward points to be spent at checkout without requiring users to toggle between apps. The firm's infrastructure connects to existing card networks and bank reward engines, surfacing spending options inside the merchant payment flow.
Is Twid a venture capital firm or an operating business?
Twid is an operating fintech company, not an investment vehicle. It builds and operates a payments-and-rewards orchestration platform, earns revenue through transaction fees and network integrations, and does not manage third-party capital or deploy a portfolio of investments.
Which financial institutions does Twid partner with, and what does the integration look like?
Twid has publicly confirmed integrations with major Indian financial institutions including HDFC Bank, SBI Card, and other card issuers that collectively represent a substantial share of India's credit card base. The technical integration allows these issuers' reward programs to appear as a payment method at Twid-enabled merchant checkouts, settling balances in real time against the issuer's liability ledger.
What is Twid's geographic and merchant coverage?
Twid's network is concentrated in India, with an engineering base in Bengaluru and a commercial office in Singapore. Its merchant network spans digital commerce, grocery, food delivery, and travel, with named partners including JioMart, Netmeds, and MakeMyTrip. The firm has not disclosed active operations outside India's domestic market.
Does Twid operate any philanthropic or co-investment structures?
No. Twid is a venture-funded operating company with no philanthropic foundation, co-investment vehicle, or family-office structure. Its capital is sourced entirely from venture equity investors and operating revenue.
What is Twid's known posture on data handling and regulatory oversight?
Twid operates under the regulatory framework of the Reserve Bank of India for payment aggregators and complies with Indian data-localization requirements for financial transaction data. The specific details of its data architecture and regulatory registrations are not publicly detailed by the firm.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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