Pakistan-based fintech Savyour, which developed the country’s first cashback app and pay-per-sale affiliate marketing network, has raised US$3.3 million in a seed round co-led by Global Founders Capital and Zayn Capital. The round saw participation by Fatima Gobi Ventures, Disrupt.com, Rally Cap Ventures, +92 Ventures, Suya Ventures, Mir Aamir, ex-CEO of Quotient Technologies and Pere Hospital, co-founder of Secways. This seed funding will be used to accelerate Savyour’s online expansion and launch the in-store feature for the platform.
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. Savyour also drives financial inclusion by incentivising transactions regardless of the mode of payment. Savyour’s 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 platform’s ‘triple-stacked savings’ offering means that cashback is applicable on top of any deals, vouchers and bank...
Read Full Story: https://en.dailypakistan.com.pk/09-Nov-2021/pakistani-fintech-savyour-raises-us-dollar-3-3m-seed-to-scale-the-country-s-first-savings-and-rewards-platform
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