Pakistan-based fintech Savyour, a pioneer in developing the country's first cashback app and pay-per-sale affiliate marketing network, has raised $3.3 million in a seed round co-led by Global Founders Capital and Zayn Capital.
The seed funding will be used to accelerate Savyour’s online expansion and launch the in-store feature for the platform.
The round saw participation from Fatima Gobi Ventures, Rally Cap Ventures, +92 Ventures, Suya Ventures, Mir Aamir, ex-CEO of Quotient Technologies and Pere Hospital, co-founder of Secways.
Launched in August 2020 by Umair Gadit and Saad Gadit, the fintech startup is revolutionising the shopping experience in Pakistan on a holistic level for both consumers and merchants, said a statement issued by the firm.
Savyour, in a statement, said it drives financial inclusion by incentivising transactions regardless of the mode of payment and its purpose is to enable consumers to buy better brands at the best prices while enabling brands, retailers and e-tailers to grow their business on a pay-per-sale model.
"Consumers get the opportunity to save as they shop, while also discovering new businesses with the help of the platform’s vast network.
"What sets Savyour’s cashback app apart from other rewards platforms is that users are able to redeem the amount saved in their Savyour wallets directly into their bank accounts or digital wallets, regardless of the mode of payment," the statement added.
It said the platform’s triple-stacked savings...
Read Full Story: https://www.dawn.com/news/1656976/pakistan-based-fintech-savyour-raises-33m-in-seed-round
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