Savings and payments startup Savvy raises Rs 14 cr in Pre-Series A rounds

Savvy, a Mumbai-based fintech startup has raised Rs 14 crores in Pre-Series A rounds. The round was led by investment professionals from Singapore, London, Mauritius, Spain and India. 

Savvy is a B2B embedded savings and payments firm that enables any business - financial or non-financial - to embed savings in their products seamlessly. 

Their principal focus now is on building an embedded Savings and Payments solution SavvyPay - Book. Save. Buy., for the Travel vector. Savvy enables its business partners to offer a debt-free savings and payment option to their customers.

As the customers do not take a loan, they not only save interest but also earn returns on their invested money. And the business partner not only gets a clear view of his cashflows, but also saves on interest costs and other fees incurred on other payment options. 

“For purchases that are for consumption later, like travel and education, Savvy offers a unique Book-Save-Buy proposition. It allows customers to book their purchase, then save for it in a seamless way with our trusted partners like ICICI Prudential AMC and at maturity, buy their dream product at a much better value,” Savvy’s CEO and co-founder, Rakesh Bhatia, said.