The preliminary round of funding, which Sav just closed, will be used to continue its mission of helping people save money. The funding will be used to expand the company’s product offering, grow its team and scale operations in the MENA region.
This successful round of pre-funding demonstrates that Sav is well on its way to becoming a leading financial technology company in the region. It is also evidenced by the fact that prominent business angels and financial technology leaders have decided to invest in the company.
In addition to expanding our product range and scaling operations, Sav plans to use this funding to develop new features, such as budgeting tools and automated savings tips. With these new features, users will be able to better track their spending and save more effectively.
The successful closing of this pre-funding round is an important milestone for Sav as the company continues on its path to becoming one of the leading financial technology companies in the MENA region. Not only has the company raised capital from prominent business angels and financial technology leaders, but it has also helped 20,000 users save more than 20 million UAE dirhams since its launch last year. Clearly, Sav is taking steps in the right direction in helping more people reach their savings goals. Sav is a graduate of the Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator programme.

March 14, 2023


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