SaveIN raises undisclosed pre-seed funding from global, Indian investors
May 21, 2021
Will use funds to expand its market reach
SaveIN, a social finance-based neobank, has raised an undisclosed amount in pre-seed funding from a clutch of global and Indian angel investors and industry stalwarts. The Gurgaon-based firm will use the funds for expansion plans and product development.
The names of the investors – who were from banking, consulting, blockchain and fintech – were not immediately disclosed.
“The company is looking to use the recently raised funds to expand its market reach, accelerate product development and strengthen its in-house team. We aim to reach over 5 lakh users by the end of this financial year from the present 10,000,” Jitin Bhasin, Founder and Chief Executive Officer at SaveIN said.