Savyour, a Karachi-based cashback and rewards platform, raised $3.3 million in seed funding from Global Founders Capital, Zayn Capital, Fatima Gobi Ventures, Rally Cap Ventures, +92 Ventures, and Suya Ventures.
Elevator Pitch: Get paid to shop.
Tell me more: You can earn rewards for shopping online through sites such as Swagbucks and Shopkick. However, they are not available in Pakistan.
That’s where Savyour comes in. Same concept, local flavor.
It’s quite simple. Savyour features brands that have signed up for its platform and gets a small commission if a sale is made through it. Later, it pays you a percentage of the commission it receives from the brand.
It’s a win-win for both you and the brand.
In addition to cashback rewards, Savyour cashback app offers you the ability to redeem cashback into your bank account or digital wallets regardless of the payment method you use.
You should know: Savyour was launched in August 2020 by brothers Umair and Saad Gadit.
According to the press release issued by Savyour, it has processed more than 200,000 orders and onboarded over 250 partner brands including Daraz, Foodpanda, Pizza Hut, etc. They have also disbursed Rs. 100 million in cash back to their users so far.
Zoom Out: Savyour intends to use the funds to expand its online presence and introduce an in-store product for its platform.
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