The company said it would use the funds to grow its merchant acceptance network, hire more talent across data science and analytics functions as well as drive further technological innovation. The company is also planning to double its headcount by the end of the current fiscal year. The platform works with payment gateways and payment providers to integrate its solution and allow users to use their rewards for payments. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesTwid’s rewards platform has an acceptance network across 100,000 online and offline merchants, the company said. According to Koshal, the company has 40 million registered users at present.