SavetoBuy

SavetoBuy is a secured savings platform for young Nigerians who want to save for purchases and financial goals, earn interest on select savings plans, and pay for items in installments from partner merchants.

Key capabilities include:

• Lifestyle Savings (installment shopping): save “small small” toward products from favourite brands, choose installments or pay outright, then request pickup or delivery after completing the plan, cash rewards apply after completing savings and making a purchase.
• Financial Goal savings: set a target and maturity date for goals like rent or fees, automate deductions, and earn up to 15% per annum interest, withdrawals become available at maturity (cancellation attracts a 2.5% penalty).
• SaveUp (flexible savings): earn up to 12% per annum interest, get one free withdrawal per month, additional withdrawals attract a 2.5% fee.
• Automatic Savings and Halal Savings: schedule daily, weekly, or monthly card debits to stay consistent, choose interest-free Halal savings for Islamic-compliant saving.

Available on Web and Android.

It serves B2C users in Nigeria, plus merchants through SavetoBuy Merchant, a free website for collecting installment payments.

SavetoBuy is notable in Nigeria’s savings market for combining goal-based saving, flexible emergency access, and installment purchasing while working with CBN and SEC-licensed partners for fund management and using a PCI-DSS compliant payment partner for card security.