Sava
Sava is on a mission to revolutionize financial operations for African businesses, targeting the elimination of spend leakages and unlocking their full growth potential. Facing a financing gap of $331 billion and an e-payment volume of $40 billion annually—which is expanding by 20% year-over-year—the African banking landscape is in dire need of a spend management solution. This solution must enhance operational efficiency in a cost-effective manner, especially when 80% of African SMEs are hemorrhaging 10% of their revenue to inefficiencies, eroding the margins they need to scale. Sava’s unique proposition combines country-specific digital banking with comprehensive spend management, budgeting, and invoicing capabilities, empowering SMEs to flourish in a data-driven world.
Progress to Date
Having secured approval from the Reserve Bank of South Africa, launched in Kenya, completed all regulatory requirements, passed a rigorous operational readiness and business setup audit by Deloitte, and forged a partnership with Mastercard for deployment in four countries, Sava is strategically positioned to dominate key African markets.
Testimonial
Chandaria capital’s investment into Sava has significantly bolstered our credibility especially in eastern africa. The investment opened multiple doors for further investments and clients to join us as early adopters of our solution. The team provided us with hands-on support for our launch in Kenya and we are super excited about what lies ahead.
Founders: Federico von Bary Landesmann & Kola Olajide
Year Founded: 2021
HQ: Cape Town, South Africa