Barely two weeks after qualifying as a finalist in the Minnesota Cup high tech division, and a mere two days after pitching the judging panel, Minneapolis startup PointTunes revealed plans for a $500k funding round with a $50k first close.
In essence, PointTunes is a SaaS platform for digital goods distribution that’s positioned towards loyalty reward program administrators. It allows reward and loyalty program participants to seamlessly transact points/miles for various digital media consumables.
For a more detailed overview of PointTunes’ ambitious intentions, read Geoff Dutton’s article about an entrepreneur on a mission to shake up an industry.
Founder and CEO Bill Cunningham declined to comment at this point.