Phoenix Venture Partners leads $3.5 million round in UAE fintech Sav

UAE-based consumer fintech Sav has raised $3.5 million in a pre-Series A round led by Abu Dhabi-based Phoenix Venture Partners (PVP), with participation from co-investors from the investor base of Phoenix Venture Partners Innovation Fund (PVPIF).

Founded in 2022 by Purvi Munot and Mithil Ajmera, Sav provides an AI-powered personal finance platform that enables users to aggregate and manage their financial accounts, savings, investments, credit, payments and other financial products through a single ecosystem.

The latest round brings Sav’s total funding to approximately $6 million, following around $2.5 million raised in previous rounds.

The funding will primarily support Sav’s expansion into Saudi Arabia, alongside product development, strengthening its AI infrastructure and accelerating user acquisition across the GCC.

Press release:

Phoenix Venture Partners leads $3.5 million round in UAE fintech Sav

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