South African fintech startup Sava has announced a US$1.8 million pre-seed funding round to develop its central spend-management platform. Founded earlier this year, Sava is a spend-management platform that combines bank accounts, mobile wallets, payments, accounting integrations, and invoice and expense management tools in one platform.
Vivanta analyzes not only devices such as smartwatches but also smartphones and other fitness devices with Internet access, giving it the whole user journey, with data such as heart rate, steps walked, sleep quality, and respiratory rate, all obtained with prior authorization. Its clients will then be able to create data-driven products, such as insurtech solutions and even fintech solutions that reward good health habits. The Mexico-based startup plans to provide its clients with tools to connect, understand and use people’s data.
Africa-focused VC firm TLcom Capital has expanded its deal flow generation into the pre-seed area while also starting to target Egyptian ventures. Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom has US$350 million of assets under management across Africa and Europe, and in January 2022 announced the first close of its US$150 million TIDE Africa Fund II.
It’s all surveys today, Dear Reader. Marigold reports that consumers are eager for personalized content, with 79% saying they’re likely to engage with a personalized email tailored to their interests. Sadly, 33% feel their needs are unmet by current brand messages. Discounts and coupons (95%) top the list of what they want in exchange for personal data, followed closely by loyalty rewards at 94%. Content is last at 61%.