CEO
Sava Africa
Sava provides a spend management platform that gives businesses unlimited virtual cards and automated accounting reconciliation. The platform offers real-time expense tracking, configurable spend rules, and AI-powered automation to eliminate unauthorized expenses and accelerate monthly book closing. Sava integrates with existing accounting packages and leverages Mastercard's spend rule engine to streamline financial operations.
- Financial Technology
- Enterprise Software
- Software Only
- Artificial Intelligence
Updated 5 days ago
Funding
Raised to date
$12MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
$2M across 1 disclosed round
+4$2M · Pre-Seed
Announced Jun 2022
Disclosed cumulative: $2M
Reported total $12M
Incomplete round history. $10M of the $12M reported total isn’t matched to a known round.
RoundDateAmountValuationInvestors
Founders
Product
Problem
Many companies struggle with a lack of visibility and control over employee spending, leading to unauthorized expenses, time-consuming expense reports, and difficulties in reconciling accounts. Traditional methods often result in delayed financial reporting and missed opportunities for cost savings.
Solution
Sava provides a spend management platform that offers companies unlimited virtual cards and automates accounting reconciliation. The platform gives businesses complete visibility over their expenses and enables them to close their monthly books up to six times faster. By leveraging a spend rule engine in partnership with Mastercard, Sava eliminates unauthorized expenses and the need for traditional expense reports. The system integrates with existing accounting packages, streamlining expense tracking and minimizing errors through AI-powered automation.
Target Audience
Sava targets businesses of all sizes seeking to gain better control and visibility over their expenses, streamline financial management, and accelerate their monthly book closing process.
Features
- Unlimited virtual cards for granular spending control
- Customizable corporate cards with configurable spend rules
- Real-time expense tracking and reporting
- Automated reconciliation with accounting software
- Integration with Mastercard's spend rule engine to prevent unauthorized transactions
- AI-powered software to streamline accounting processes
- PCI DSS compliance and multi-factor authentication for transaction security