Sav raises $3.5m pre-Series A for Saudi expansion
Phoenix Venture Partners led the round for the UAE personal-finance platform.
Sav plans to develop its product, strengthen AI infrastructure and accelerate user acquisition across the GCC.
The company operates under a UAE DFSA Category 4 license and plans to expand from the UAE into Saudi Arabia. The home-market authorization does not itself establish authorization in the expansion market.
Use of funds
Expand into Saudi Arabia
Develop the product and strengthen AI infrastructure
Accelerate user acquisition across the GCC