When was utu founded?

utu was founded in 2016 and raised its 1st funding round 7 years after it was founded.

Where is utu located?

utu is headquartered in Singapore, Singapore. It is registered at 229 MOUNTBATTEN ROAD #01-01 MOUNTBATTEN SQUARE SINGAPORE 398007.

Who is the current CEO of utu?

Asad Jumabhoy of utu. They have also founded 1 company.

Which legal entities is utu associated with?

utu is associated with UTU Pte. Ltd. and 1 other.

How many employees does utu have?

As of Jul 01, 2024, the latest employee count at utu is 138.

Is utu a funded company?

utu is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Jun 27, 2023.

When was the latest funding round of utu?

utu's latest funding was a $***** Series B round on Jun 27, 2023, with participation from 1 investor.

Where does utu rank among its competitors?

utu ranks 8th amongst 88 active competitors, of which 24 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Kard, which secured $15M in Oct, 2025.

Who are the top competitors of utu?

utu's top competitors include Affinity Solutions, Cardlytics and Quotient. Among them, Kard secured the most recent funding round in October, 2025.

utu - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

UTU is a mobile app developed by The Scotts Group Pte Ltd. and Korvac Holdings Pte Ltd. UTU allows users to earn, aggregate and redeem rewards points at home countries and overseas. Users need to link their payment cards to UTU app to earn reward points. It claims to have over 7400 partner merchants globally. The points can be shared and used at other stores as well. The company counts ZARA, Tommy Hilfiger, BEBE among its partners. The company plans to start its operation starting with Thailand in November 2016.

Website: utu.global
Social
Registered Address: 229 MOUNTBATTEN ROAD #01-01 MOUNTBATTEN SQUARE SINGAPORE 398007

Key Metrics

Founded Year

2016

Location

Singapore, Singapore

Stage

Series B

Total Funding

$35M in 1 round

Latest Funding Round

Series B, Jun 27, 2023, $*****

Investors

SC Ventures

Ranked

8^th among 88 active competitors

Employee Count

138 as on Jul 01, 2024

Investment & Acquisitions

CardsPal

Similar Companies

Affinity Solutions & 131 more

View utu's full profile

utu is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
UTU REWARDS PTE. LTD. CIN: 201538072W , Singapore, Active	Oct 18, 2015	-	-
UTU Pte. Ltd. CIN: 201501929M , Singapore, Active	Jan 18, 2015	-	-

utu has raised a total funding of $35M over 1 round. Its latest funding round was a Series B round on Jun 27, 2023 for $*****. 1 investor participated in its latest round. utu has 1 institutional investor.

Here is the list of recent funding rounds of utu:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 27, 2023	6870744	Series B	2917638	7195856	8247533	7220766

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View details of utu's funding rounds and investors

The founders of utu are Jeremy Tan, Ameer Jumabhoy and Asad Jumabhoy. Asad Jumabhoy is the CEO of utu.

Here are the details of utu's key team members:

Jeremy Tan: Co-Founder of utu. They serve on the board of 1 company.
Contact Info: 1 email address
Ameer Jumabhoy: Co-Founder of utu. They serve on the board of 1 company.
Contact Info: 1 email address
Asad Jumabhoy: Co-Founder & CEO of utu. They serve on the board of 1 company.

utu's Board of Directors

utu's board has 4 active members. Jeremy Tan, Ameer Jumabhoy and Asad Jumabhoy are part of team and Jonathan Moeljohartono is independent board member.

Here is the list of utu's board of directors:

Name	Type	Representing	Status	Duration
Ameer Jumabhoy	Team	-	Current	5y 10m
Asad Jumabhoy	Team	-	Current	11y 1m
ehavbsg	Team	-	Past	5y 5m
Jonathan Moeljohartono	Independent board member	-	Current	5y 10m

View details of utu's Founder profiles and Board Members

utu's employee count trend

utu has 138 employees as of Jul 24. Here is utu's employee count trend over the years:

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Top competitors of utu include Affinity Solutions, Cardlytics and Quotient. Here is the list of Top 10 competitors of utu, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Affinity Solutions 2005, New York City (United States), Series B	Provider of consumer purchase insights and card-linked engagement solutions	$68.5M	Structural Capital	64/100
2nd	Cardlytics 2008, Atlanta (United States), Public	Provider of card-linked marketing platform and retail media network solutions	$178M	Kinetic Ventures, Polaris Partners & 14 others	59/100
3rd	Quotient 1998, Cincinnati (United States), Acquired	Platform offering ad campaign management software	$250M	RBC Royal Bank, Marshall Wace & 6 others	57/100
4th	Kard 2015, New York City (United States), Series A	Online platform offering cashback on the use of credit cards	$38M	Underscore VC, Tiger Global Management & 7 others	57/100
5th	Reward 2001, London (United Kingdom), Acquired	Provider of customer engagement and commerce media platform for businesses	-	Verisk, Lorisa Trust & 7 others	55/100
6th	Larky 2012, Ann Arbor (United States), Seed	Platform offering coalition loyalty software	$6.9M	Reseda Group, City Side Ventures & 6 others	53/100
7th	Ondot Systems 2011, Santa Clara (United States), Acquired	Crd-linked marketing solutions for banks & financial institutions	$51.1M	Citi Ventures, Intel Education Accelerator ... & 1 others	53/100
8th	utu 2016, Singapore (Singapore), Series B	Cross-border loyalty and rewards platform	$35M	SC Ventures	52/100
9th	Flux 2016, London (United Kingdom), Deadpooled	Provider of card payment linked loyalty schemes and marketing solutions	$10.8M	Barclays, Headline & 25 others	50/100
10th	Swipii 2012, Glasgow (United Kingdom), Seed	Provider of mobile-based customer loyalty program	$7.43M	Par Equity, Wayra Deutschland & 13 others	47/100