Thursday, December 1, 2022
HomeInsightFunding Alert Fintech Startup SaveIN raises additional $ 1.1 Million in extended seed...

[Funding alert] Fintech Startup SaveIN raises additional $ 1.1 Million in extended seed round

[Funding alert] Fintech startup SaveIn raises $1.1 mn in funding
Fintech startup SaveIn

Buy now pay later (BNPL) fintech startup SaveIN has raised $1.1 million in its extended seed funding round led by Bayhouse Capital.

The startup has raised a total of $5 million in funding so far.

The startup plans to use the funds to develop its product, spend on branding and along with hiring people.

New Delhi-based SaveIN was founded in 2020 by Jitin Bhasin, Anurag Varma and Gaurav Luthra, It caters the health care needs of its network of healthcare providers by providing patients with financing and loan options at zero-cost Equated Monthly Installments (EMIs).

The fintech startup covers outpatient services and alternative health procedures such as dentistry, eye care, veterinary medicine, dermatology, hair care and fertility.

“This is a testimony to our vision of creating India’s largest integrated healthcare ecosystem powering access, quality and affordability in private healthcare”, said, Jitin Bhasin, founder and CEO of SaveIN.

“The buy-now-pay-later segment in healthcare is huge and we at SaveIn have grown over 15 times in revenue… this is reflective of strong signs of early product-market fit and we are confident of revolutionizing how Indians consume healthcare products and services,” he added.

The startup currently offers its instant zero-cost EMI products to over 600 healthcare providers across 15 cities.                         

In April 2022, SaveIn had raised $4 million as part of its seed funding round from existing backer Y-Combinator and others including 10X Group, Leonis VC, and Goodwater Capital.

About SaveIN

SaveIN is a fintech platform that aims to revolutionize how Indians access quality healthcare with enhanced affordability through on-demand credit.

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