About Savi
Savi is a company founded in 2017 by Aaron Smith. It operates as a SaaS (Software-as-a-Service), and Managed Services. Savi has raised $7.72 million across 2 funding rounds from investors including Temerity Capital Partners, AlleyCorp and Nyca Partners. Savi offers products and services including Student Loan Guidance, Student Loan Contribution, Retirement Matching, and Tuition Reimbursement. Savi operates in a competitive market with competitors including Candidly, Gradifi, Peanut Butter, Unsaddl and GradFin, among others.
- Founders Aaron Smith
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Savi Solutions Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.72 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Temerity Capital Partners
& 6 more
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Employee Count
Employee Count
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Products & Services of Savi
Savi offers a comprehensive portfolio of products and services, including Student Loan Guidance, Student Loan Contribution, Retirement Matching, and Tuition Reimbursement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Student debt is managed through AI-driven repayment plans.
Employee loan debt is reduced via direct payments.
Retirement savings are supported by matching loan payments.
Tuition reimbursement is simplified for employees in college.
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Funding Insights of Savi
Savi has successfully raised a total of $7.72M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(03 Feb 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Debt – Conventional - Savi | Valuation |
investors |
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| Feb, 2020 | Amount | Series A - Savi | Valuation | Nyca Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Savi
Savi has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Temerity Capital Partners, AlleyCorp and Nyca Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investments are managed by Washington D.C. family office.
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Founded Year | Domain | Location | |
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Venture capital-backed accelerator focused on healthcare and multiple sectors.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Savi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Savi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Savi Comparisons
Competitors of Savi
Savi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Candidly, Gradifi, Peanut Butter, Unsaddl and GradFin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial wellness solutions for student debt are provided by Candidly.
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| domain | founded_year | HQ Location |
Student loan debt repayment and savings solutions are provided.
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| domain | founded_year | HQ Location |
Student loan repayment benefits are managed for employee retention.
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| domain | founded_year | HQ Location |
Student loan repayments are enabled via employer-sponsored online platforms.
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| domain | founded_year | HQ Location |
Student loan refinancing is offered to employees via GradFin's platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Savi
When was Savi founded?
Savi was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Is Savi a funded company?
Savi is a funded company, having raised a total of $7.72M across 2 funding rounds to date.
What does Savi do?
Student loan repayment and forgiveness programs are facilitated by Savi through an AI-driven benefits platform and personalized expert support. Services are offered to help users manage debt, save for retirement, and explore education options. Partnerships are established with over 10,000 organizations, including employers, universities, and financial institutions, across various sectors. Solutions are designed to reduce financial stress and improve affordability of higher education for employees and members.
What products or services does Savi offer?
Savi offers Student Loan Guidance, Student Loan Contribution, Retirement Matching, and Tuition Reimbursement.
Who are Savi's investors?
Savi has 7 investors. Key investors include Temerity Capital Partners, AlleyCorp, Nyca Partners, Michele Kang, and Sheila Lirio Marcelo.
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