GoSats has secured fresh funding to scale its asset-based rewards platform and deepen its presence in the fintech space.
The Bengaluru-based startup raised $5 million (approximately ₹42 crore) in a Series A round led by Konvoy, with participation from Y Combinator, Taisu Ventures, and angel investors.
This follows its earlier funding rounds, including $4 million in pre-Series A in June 2022 and $700,000 in seed funding in 2021.
According to the company, the new capital will be used to drive user acquisition, expand its fintech product suite, enhance reward experiences, and invest in AI-driven personalisation. It will also support hiring across engineering, product, and growth teams.
Founded in 2020 by siblings Mohammed Roshan and Roshni Aslam, GoSats enables users to earn Bitcoin and gold rewards on everyday spending. The platform allows users to accumulate Bitcoin through online shopping, gift cards, and a prepaid payment instrument (PPI) card.
The company plans to introduce new fintech products and expand its rewards ecosystem by adding more asset classes. It also aims to strengthen integrations with consumer brands and fintech platforms.
GoSats positions itself as a bridge between traditional finance and the digital economy by offering users access to alternative assets through daily transactions.
The platform currently processes an annualised gross merchandise value (GMV) of $40 million (around ₹360 crore) and has distributed over ₹50 crore in Bitcoin and gold rewards since its launch. It has partnered with major brands such as Flipkart and Google.
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