Pakistan-based fintech Savyour raises $3.3m in seed round

Pakistan-based fintech Savyour, a pioneer in developing the country’s first cashback app and pay-per-sale affiliate marketing network, has raised $3.3 million in a seed round co-led by Global Founders Capital and Zayn Capital.

The seed funding will be used to accelerate Savyour’s online expansion and launch the in-store feature for the platform.

The round saw participation from Fatima Gobi Ventures, Rally Cap Ventures, +92 Ventures, Suya Ventures, Mir Aamir, ex-CEO of Quotient Technologies, and Pere Hospital, co-founder of Secways.

Tito Costa, partner at Global Founders Capital said:

“We believe in Savyour’s mission to deliver savings to online shoppers while driving revenue growth for retailers, making it an essential building block for the e-commerce ecosystem in Pakistan.”

“We are really excited to back the seasoned team at Savyour, which boasts a successful track record of scaling tech businesses,” said Faisal Aftab, co-founder & managing partner of Zayn Capital’s Frontier Fund.

Umair Gadit, co-founder and chief executive officer of Savyour, said:

“Over 64 per cent of Pakistan’s population is below 30, which means you have a new wave of shoppers who are demanding, tech-savvy and seek more value for their money to counter inflation. Savyour acts as the ultimate shopping companion for buyers by providing them with the best rewards and curation of local brands.”

Pakistan-based fintech Savyour raises $3.3m in seed round