Save & Buy

Save & Buy (S&B) is a web and mobile platform that enables the Nigerian consumer to save towards items they desire in an easy to use, fun and safe environment. Our one-stop shop is for consumers who wish to make purchasing aspirational goods manageable.

Users pay for their goods in installments with clear schedules and know that every product found on the platform is eligible for a savings plan. Merchants, in turn, are able to capture a new type of consumer who cannot buy ‘dream products’ immediately.

Additional product features include; group saving with friends and family, instant alerts and notifications as well as dynamic dashboards for merchants & customers. The S&B platform also integrates a loyalty program allowing savers to earn points and purchase virtual goods such as airtime and savers benefit from product discounts and consumer loans.

Our mission is to increase financial inclusion, improve financial discipline and to enable millions of Africans to achieve the prosperity they deserve through strong financial identity.

Fundraising

This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.

Idea

We have an elevator pitch. We plan to execute a proven concept in a growing market.
We have an elevator pitch. We plan to execute a proven concept in a growing market.

Save & Buy is a virtual savings platform that provides Nigerian consumers with a convenient, fun and secure way to save towards the products they love. Savers make a low initial deposit, select a savings plan are rewarded for reaching their milestones.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

Hugo (Founder) 6 years experience running start-ups, Crystal (Merchant Relations) 3 years strategy and operations work experience at Deloitte Consulting, Desiree (Product Manager) Computing graduate from Plymouth Uni, Toni (co-founder) - 3 years IBD experience & MBA at Wharton


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

We have a working product available to savers who wish have have products delivered to Lagos, only. However, we are undergoing development of version 2.0 in preparation for a national launch at the end of April 2014.

Revenue

We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We plan to monetise our offering in the next phase.
We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We plan to monetise our offering in the next phase.

We have identified 3 revenue opportunities 1. Affiliate fee per transactions from merchants 2. Commercial loans 3. Interest in deposits

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates