Sav, a FinTech startup specialized in the personal savings space, raised $750,000 in a pre-seed funding round. The funding was raised from prominent angel investors and FinTech leaders in the MENA region.
Sav is a platform designed to facilitate financial savings for consumers, is part of the prestigious Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator program.
The platform was founded in 2021 and makes saving money convenient, accessible, and rewarding for consumers. The app offers personalized savings plans, helps users track their progress, and rewards them for meeting their savings goals. With its user-friendly interface and powerful features, Sav is changing the way people think about saving money and helping them achieve their financial goals.
“We are thrilled to have the support of such prominent investors in our mission to revolutionize personal savings. This funding will allow us to bring our innovative solution to more users and continue to enhance the user experience,” Purvi Munot, CEO of Sav, said.
The pre-seed investment will be used to further develop the platform and expand its reach.
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