Financial Services Start-Up Sava Africa Raises $2 Million In Pre-seed Round Funding
Financial Services Start-Up Sava Africa Raises $2 Million In Pre-seed Round Funding. Financial Services startup Sava Africa took to LinkedIn to announce that it has raised $2 Million in pre-seed round funding. With this funding the company aims to launch its products in South Africa and Kenya.
The company, “Happy to announce that we’ve #raised $2M for our pre-seed round of funding! This resource will enable us to launch our product in #SouthAfrica and #Kenya, offering a needed solution for business owners to manage their spends and access affordable credit. Sava’s got great investors backing us, led by Quona Capital, with participation by Breega, CRE Ventures, Ingressive Capital, RaliCap, Unicorn Growth Capital, and Sherpa Ventures. We’re officially ready to begin simplifying your finance automation process!”
Planning, organizing, directing and controlling one’s financial activities doesn’t need to be a long-drawn-out, tiring process. With SAVA, customers get to monitor and control all company expenses on one platform. With unlimited virtual cards that they can issue to each employee, each team budget or use-case, bid farewell to card sharing, OTPs and embrace faster, hassle-free purchasing, tracked in real time.
Sava syncs directly with its clients accounting software to maintain absolute control over their company’s finances. They can easily classify transactions and keep their records up to date. The company was co-founded by Kolawole Olajide. Kola is a serial creative that has designed solutions in education, marketing, insurance and banking. His companies have been recognized by several international bodies, including the United Nations Development Programme, the World Economic Forum, and the Anzisha Prize Fellowship.
