Dubai, Business News:
Sav has marked a memorable milestone by launching its beta program on August 3rd, 2022. It represents a significant moment for the UAE to witness the rise of the country’s first woman-led, savings-focused fintech company.
Geared with first-class technology and backed with the craftsmanship of some of the finest ex-bankers, ex-fintech-founders, and technology evangelists, Sav is here to re-design the money-saving culture. Its mission is powerful and modern-times-relevant: to make savings accessible, convenient, rewarding, and fun.
Sav is a user-friendly and highly automated platform with a fun component to it. It helps customers save money while being rewarded for it. Initially, it allows for creating different saving goals (e.g., buying a house, a car, going on a vacation, etc.) and having funds added to them via an automated funding system according to three main saving options:
Income Sorter:
A pre-set percentage is automatically deducted from the customer’s paycheck and incorporated into one of the saving goals.
Automated Funding option:
Every time a customer spends an amount on a purchase, the automated system rounds up the bill and redirects the difference into a respective savings goal.
Set and forget:
Customers can set up a day and time where a predetermined amount regularly goes into a specific saving goal.
The most exciting part of Sav is the hidden reward gems. For every dirham saved on the platform, customers receive one coin. Coins can later be used to redeem offers like free coffee, a free movie night, a discount on one of their favorite merchants, etc. Sav app gives access to more than a hundred merchants until today.
The virtues of Sav are not yet over. Customers are granted a Sav prepaid card and benefit from a peer-to-peer money transfer option from and to another Sav account.
For the curious public, Sav offers a waitlist to join as they look forward to the official application launch.
About SAV:
Sav is a fintech platform that helps users understand, save, and organize their money effortlessly. By harnessing the power of automation and rewards, Sav is building products that will help customers stress less about day-to-day money management while also laying a sustainable foundation for their financial future.
