Sava is a spend-management fintech founded by Yoeal Haile, Federico Von Bary Landesmann and Kolawole Olajide that targets cash-flow constrained small and medium businesses across Africa. The platform bundles bank accounts, mobile wallets, payment and accounting integrations to control spending, digitize expense reimbursements and reconcile records while capturing data to support underwriting. Sava plans to issue company cards by converting debit cards to credit cards, offering businesses 30 days of free credit and access to revolving overdrafts or working capital loans. It intends to monetize via interchange fees on card transactions, subscription fees for platform access, interest income from loans and upselling third-party products such as insurance. The product is yet to launch; Sava will beta in South Africa in Q3 and plans a Kenya launch in Q4, with later expansion to Nigeria and Egypt. Competitors cited in the article include Float, Lenco, Boya, Prospa and Brass.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2022