SaveIN Analysis: $1M Raised
What is SaveIN?
SaveIN is an Indian Pay Later platform that offers checkout financing and no-cost EMI options. The company says consumers can split purchases into 3, 6, 9, or 12 EMIs, with credit limits up to ₹10 lakhs. It positions itself as a merchant and customer financing layer for high-value purchases across healthcare, furniture, lifestyle, travel, consumer durables, home decor, and insurance premiums.
Location
Delhi, India
Employees
51-200
Founded
2022
Revenue
$120K-12M
Product Features & Capabilities
- Healthcare financing, 0% EMI plans, access to 6000+ doctors and practices, services including dentistry, fertility, dermatology, fitness, cosmetic procedures, alternative medicine.
Pricing
- SaveIN offers 0% EMI plans for healthcare services.
- No specific pricing information is provided on the website.
How much SaveIN raised
Funding Round - $1M
December 26, 2022Lead Investor: Pioneer Fund
Who are the founders of SaveIN
JB
Jitin Bhasin
Founder
GL
Gaurav Luthra
Founder
Market Focus
SaveIN primarily focuses on the healthcare financing industry, providing services that make healthcare more affordable and accessible through 0% EMI payment plans for various healthcare services.
Business Model
Revenue generated through partnerships and service fees for healthcare financing solutions.
Competitors Overview
SaveIN operates in the healthcare financing market and faces competition from several notable companies. The main competitors include:
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CareCredit: A healthcare credit card that allows patients to finance out-of-pocket medical expenses not covered by insurance. It offers promotional financing options, making it a popular choice for many consumers.
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Health Credit Services: This company provides patient financing solutions with flexible payment plans and low-interest rates, catering to individuals looking for manageable payment options for their healthcare expenses.
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GreenSky Patient Solutions: Focused on elective medical procedures, GreenSky offers quick access to loans for various healthcare services, appealing to patients needing immediate financing.
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MediCard: A healthcare financing company that provides credit cards specifically designed for medical expenses, offering affordable payment plans to help patients manage their costs.
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United Medical Credit: Specializes in financing for elective procedures, offering competitive interest rates and flexible repayment terms, making it a viable option for patients seeking financial assistance.
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Slice: A financial technology company that offers a digital prepaid account for everyday payments, enhancing consumer payment experiences.
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ZestMoney: Operates in the credit services industry, allowing customers to shop and pay in installments, appealing to those looking for flexible payment options.
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Open Financial Technologies: Focuses on simplifying business payments and cash flow management for SMEs, targeting a different segment compared to SaveIN.
Notable differences include SaveIN's unique focus on helping users discover nearby healthcare practices and allowing them to split medical bills into monthly installments, which enhances accessibility and affordability in healthcare financing.
Investors
- Pioneer Fund
- 10x Group
- Y Combinator
- AG Collective Capital
- Bayhouse Capital
- Goodwater Capital
- Leonis VC
- Nordstar
- Rebel Fund
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