UAE Fintech Sav Secures Crucial Regulatory Approval for Expansion

UAE Fintech Sav Secures DFSA Category 4 License for Expansion

DFSA Licensing and Future Plans

Sav, a UAE-based fintech, has in-principle approval with for a Category 4 license from the Dubai Financial Services Authority (DFSA).

Platform and Service Expansion

This allows the company to expand its offerings and offer regular financial terms, was its missionary virtue of providing money management services to wealthy individuals.

Today, the platform of Sav can time you allow you to time your money, still a rewarding prepaid card. With DFSA licensing on the horizon, Sav also plans to expand its platform to its platform, money management and debt advisory services, thus covering all existing prepaid card offerings.

CEO’s Vision and Company Achievements

Purvi Munot, CEO of Sav, said: “Many of the wealthy individuals in the UAE have finances from all over the world, was an unnecessary complexity and could costs come to mind. Support has kept us empowered to streamline and innovate, bringing all financial solutions under one roof, improving how customers interact with their money.”

Future Goals and Company Statement

Google recently recognized Sav as one of the top 10 female-led AI companies in MENA. The company has also secured the support of Sanabil and 500 startups in KSA. Its mission is “to serve as a stepping stone to wealth, helping apprentices reduce mounting debt and promote financial literacy and responsible consumption.”

“We are building measurably and strongly that consistently delivers for our and stakeholders,” said Mithil Ajmera, co-founder and COO of Sav. “We are focused on expanding our resolve in our service and world-class, and creating good fintech.”