SaveIn, a credit-focused fintech startup, announced on Monday that it has received $1 million (roughly Rs 8.2 crore) in seed funding from its existing investor Pioneer Fund. The latest round brings the company’s total seed funding to $8 million.

The new funds will be used for product development as well as expanding its team and marketing footprint.

Jitin Bhasin, an ex-banker and fintech professional, founded SaveIN in 2020 with Gaurav Luthra (ex-founder Whatsuplife) and Anurag Varma (ex-EY Hong Kong).

The fintech startup has been building a network of healthcare providers with the goal of offering embedded finance and pay later options at clinics across the country.

Since the launch of its flagship ‘Care now, Pay later’ product in January this year, it claims to have onboarded over 2,500 healthcare and wellness centres in 50 cities.

Categories: Other News