About Zave App
Zave App is a Technology company based in Mexico City (Mexico) founded in 2013 by Fernando Gomez Moncada Escalante. Purchases are rounded up, and spare change is saved automatically. It operates in the Technology and Financial Services sectors. Zave App has raised $20.23 thousand across 2 funding rounds from investors including MassChallenge and Wayra Deutschland. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Robo Advisors. Its competitors include Pagaloop, Claro Pay and Edenred Wallet; 1 of its 3 listed competitors has raised funding.
Company details
Zave App was founded in 2013 in Mexico City, Mexico, as a fintech savings platform. An online piggy bank is provided for users to connect debit or credit cards and select specific savings goals. Transactions are rounded up automatically, with the difference transferred to savings accounts, or manual deposits can be made without fees. Operations focus on seamless, cost-free saving mechanisms in the Mexican market.
- Headquarters Mexico City, Mexico
- Founders Fernando Gomez Moncada Escalante
- SectorsTechnologyFinancial Services
- Email••••••••
- Website zaveapp.com
- Social X Facebook
- Total Equity Funding$20.23K (USD)
in 2 rounds
- InvestorsMassChallenge
& 1 more
Funding Insights of Zave App
Zave App has successfully raised a total of $20.23K 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 $20,230
- Total Rounds 2
- First Round $20,230
(Sep 2014)
- Investors Count 2
All 2 funding rounds of Zave App with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | Grant | – | – | ||
| Sep 2014 | $20,230 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Zave App
Zave App has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include MassChallenge and Wayra Deutschland.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage entrepreneurs are accelerated through MassChallenge's program. | masschallenge.org | Boston, United States | ||
| wayra.co |
Investor details for Zave App
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Zave App
1 people are tracked at Zave App (1 in leadership).
| Name | Role | Group |
|---|---|---|
Fernando Gomez Moncada Escalante | Co-Founder | Leadership |
Complete people profiles for Zave App
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Zave App
3 dated milestones of Zave App across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Zave App is founded.
- Funding First funding round of $20K.
- Funding Latest funding round, Grant,.
Competitors of Zave App
Zave App has 3 listed competitors in our database, 1 of them funded. They include Pagaloop, Claro Pay and Edenred Wallet.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pagaloop.com | 2019 | Mexico | $125,000 | Card-linked wallet is provided for consumer payments via mobile app. | ||
| claropay.com | 2013 | Miguel Hidalgo, Mexico | Mobile app for sending money, paying bills, and recharging airtime services. | |||
| edenredwallet.mx | 2020 | Miguel Hidalgo, Mexico | Edenred Wallet is an app-based digital wallet platform designed for individual users. |
Detailed competitors of Zave App
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Zave App
Zave App was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Zave App is headquartered in Mexico City, Mexico.
Zave App is a funded company, having raised a total of $20.23K across 2 funding rounds to date. The company's 1st funding round was a Seed of $20.23K, raised on Sep 2014.
Zave App was founded in 2013 in Mexico City, Mexico, as a fintech savings platform. An online piggy bank is provided for users to connect debit or credit cards and select specific savings goals. Transactions are rounded up automatically, with the difference transferred to savings accounts, or manual deposits can be made without fees. Operations focus on seamless, cost-free saving mechanisms in the Mexican market.
Zave App's top competitors include Pagaloop, Claro Pay and Edenred Wallet.
Zave App has 2 investors. Key investors include MassChallenge, and Wayra Deutschland.