Pointship, an Estonia-based startup, has received an undisclosed investment from Startup Wise Guys, an Estonian B2B startup accelerator. The startup offers the opportunity to turn all kinds of digital assets into NFTs.
- Founded in 2021 by Egemen Cakmak, Merter Unsal, and Petter Jartby, Pointship is a digital assets marketplace for loyalty rewards, game credits, and event tickets. It allows to turn unused rewards and benefits such as miles and points, game credits, event tickets, hotel rewards, into NFTs. which can be traded, sold, and used later on.
- Pointship also acts as a storage for these assets. The platform provides users with a secure solution to keep their assets safe while avoiding expiry and devaluation, allowing them to exchange these assets as they please, allocating the most value from them. The startup currently targets the Turkish market.
- Startup Wise Guys led the funding round. It is one of the Estonian most active accelerators focusing on Sustainability, Fintech, and Cybersecurity startups in the CEE region and the Nordics. Startup Wise Guys has over 250 investments and eight exits in its portfolio. Recently, it invested €200,000 in Polish tattoo startup INKsearch.
- So far, Pointship has reached more than 20,000 members and has a 5 times growth rate. Its revenue-generating new members increased by 4 times. Additionally, Pointship team managed to increase their spending per member by 75%.
- The startup will use the fresh funding to expand its offer to the South American market starting in 2023.
