Sav raises $3.5m pre-Series A to expand into Saudi Arabia
The UAE fintech will build its AI and open-finance platform while pursuing a wider GCC consumer market.
A connected view of personal finances
Sav combines consumers’ accounts, savings, investments, credit and payments in one personal-finance platform. Its AI and open-finance infrastructure are designed to help users see their financial position together and automate decisions about saving, investing and managing credit.
Phoenix Venture Partners led the $3.5 million pre-Series A, with the proceeds earmarked for Saudi expansion, product development and stronger AI infrastructure, as well as user acquisition across the GCC. Sav already operates under a UAE DFSA Category 4 licence, giving its regional expansion a regulated base in its home market.
Use of funds
Expand into Saudi Arabia
Develop the product and strengthen AI infrastructure
Accelerate user acquisition across the GCC