This Week in Fintech: TFT Bi-Weekly News Roundup 01/03

SaveAway® in the News
SaveAway®, a fintech company that offers consumers an innovative “Save Now, Pay Later” purchasing option, announced that Shamir Karkal (co-founder of Simple and Sila) has joined the company’s advisory board and will contribute as an investor. Premal Shah..

“My investment in SaveAway follows from my first-hand observation of this organization’s leadership personifying the creed. That mantra, combined with a sustained effort by saving for what matters; ensures no goal is out of reach,” said Shamir Karkal. “Harnessing a strong social foundation with technologies that enable mobility, makes me proud to be an investor. I see SaveAway being that ‘right place at the right time’ venture, to make the change that we seek in the world.”

“SaveAway’s leadership is remarkably inventive. Many companies talk about financial wellness, but then have a revenue model that runs counter to that goal. The SaveAway team has a singular focus: build a social platform for change that will make the relationship between people and their money healthier,” said Jaime Punishill, CMO of Lionbridge and an initial investor in SaveAway. “It’s no surprise then that social finance innovators like Shamir and Premal have committed to this vision. SaveAway’s time has come, and I am more convinced of the company’s importance and success than ever.”

“I cannot think of a better honor for SaveAway than having industry pioneers Shamir and Premal Shah become part of our movement. Through Kiva, Premal has exemplified what it means to expand financial access to the masses and has personally inspired me to develop SaveAway as more than just a money saving platform. With his and Shamir’s guidance, we will continue to move the needle forward for the growing numbers of users and partners in the SaveAway community.”

SaveAway® names Shamir Karkal to join circle of investors and advisors

SaveAway® in the News
At the intersection of banking, payments, and technology; Shamir Karkal co-founded Simple in 2009, later bought by BBVA for $117 million. He has served as CEO of Sila since 2018 and has focused on the fast-track potential of SaveAway®

This Week in Fintech: TFT Bi-Weekly News Roundup 01/03

SaveAway® in the News
Delve into The Fintech Times Bi-Weekly News Roundup this Tuesday for the latest partnerships, investments, job moves and more.