Currently, in Africa, some SMEs still use inefficient expense management tools. In South Africa, Sava Africa wants to change that by introducing automated accounting tools. 

Sava, also Known as Sava Africa, is a digital platform developed by South African startup  SAVA Technologies Inc. It offers automated accounting tools that allow SMEs to improve expenditure management. 

SAVA Technologies Inc. was founded, in 2021, by Yoeal Haile, Federico Von Bary Landesmann, and Kolawole Olajide.  According to Kolawole Olajide, Sava “will help business owners manage their finances and solve some of the pain points they’ve faced from using disjointed financial software tools.”  

For the time being, the platform has no mobile app. It is in its pre-launch phase and to access its features, notably virtual card issuance and budget/cash flow management, users currently have to join its waitlist. The fintech also offers quick credits with flexible repayment plans. Recently, it completed a US$2 million pre-seed round to develop new products. It plans to officially launch operations in South Africa in the third quarter of this year and enter the Kenyan and Nigerian markets later. 

Adoni Conrad Quenum