Point.Me Announces $10 Million Series A Point.Me Announces $10 Million Series A

Point.Me Announces $10 Million Series A

A FinTech that makes it easier for flyers to find and book award travel has closed a fresh round of funding.

About the round:

This week, Point.Me announced that it had raised $10 million. The Series A was led by Thayer Ventures with participation from new investors PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital, as well as returning investors Gaingels and ITA Software co-founders David Baggett and Carl de Marcken. Combined with a $2 seed round last year, the company has now raised a total of $12 million.

With the new funds, Point.Me says it plans to expand upon its concierge services and scale its membership base. Additionally, the company says the investment will help fuel its partnerships with card issuers. As they explain, they intend on deepening integrations with existing partners, including Bilt, AmEx, Capital One, Chase, and Citi while also pursuing additional partnerships.

About Point.Me:

Point.Me is a platform that allows users to search for award flight booking options, with the site supporting results for more than 150 airline loyalty programs. Currently, Point.Me offers several plan options. While new members can enjoy a free trial consisting of three searches on the service or sign up for a $5 “Starter Pass” good for 24 hours, Standard plans start at $12 a month or $129 per year. The platform also offers Concierge services including award flight booking, “Mileage Run” support, and point strategy consultation.

What they’re saying:

In a press release, Point.Me founder and CEO Adam Morvitz stated, “I am excited to announce Point.Me’s Series A fundraise, which will heighten our partnerships with leading credit card issuers, deepen our white glove premium concierge offering, and ultimately expand our subscriptions business to new customers everywhere. With our first-of-its kind metasearch platform and this new financing, Point.Me is furthering our mission to provide a seamless, easy-to-use travel booking solution, allowing consumers to unlock the whopping $30 billion worth of loyalty points that go unredeemed in just this year alone.”

Additionally, Thayer Ventures’ managing director Chris Hemmeter said of the firm’s investment, “Point.Me delivers an unmatched travel discovery and search experience that has proven itself to be an incredibly valuable asset to jetsetters of all kinds. The company’s mission to make smarter travel more accessible and approachable excites our team, and we are thrilled to be supporting the brand in building upon their success as they expand their reach and scale their B2B and B2C verticals.”

My thoughts:

Having had the chance to try the Point.Me’s service via Bilt, I’ve been impressed by the service. As someone who enjoys racking up credit card points yet has little experience in actually redeeming them for flights, I can also understand the need that the platform is aiding. Thus, it’s easy for me to understand why the company is attracting investor attention. With this big step forward for the firm, I’ll be keeping an eye on them to see if their lofty goal of ubiquity comes to fruition.


Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Money@30's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

2023 Small Business Credit Card Satisfaction Tops 2019 Highs

The latest small business credit card study from J.D. Power shows satisfaction continuing to rise. About the study and results: This week, J.D Power released its 2023 U.S. Small Business Credit Card Satisfaction Study, which includes responses from more than 3,400 small business credit card customers. In this case, the study looked at businesses with annual revenues between $10,000 and $10 million. First, it was discovered that overall satisfaction among...

Discover Announces 5% Bonus Categories for First Quarter of 2024

With 2024 sneaking up on us, Discover has announced its rotating 5% bonus categories for the first quarter of next year. About the Q1 2024 bonus categories: From January through March 2024, Discover It customers will be able to earn up to 5% back in two categories: restaurants and drugstores. According to the company, the Restaurants category includes full-service establishments, cafes, cafeterias, fast-food locations, and dining delivery services. For the...

Public App Adds Corporate and Treasury Bonds Feature

The FinTech trading app Public has announced new investment options for its members. About the features: Public is now rolling out the ability for customers to invest fractionally in corporate and Treasury bonds. This capability will be introduced on both the mobile and desktop interfaces for the service. According to Public, the addition comes as demand for fixed-income products increases. In addition to these bond types, the app will also...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app

Student Loan Benefit FinTech Summer Raises $6 Million

For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...
Melissa Urban holding a Ness card

Health and Wellness Rewards Card Ness Partners with Whole30

In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....