Zywa
A mobile app for teenagers in the Middle East to manage money and a prepaid card to pay online and in stores.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
* | $3.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 29 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Zywa is a fintech startup that focuses on providing financial services tailored for the younger generation, specifically those under 25 years old. The company offers a payments app and a prepaid card designed to help young people manage their money more effectively. Zywa operates primarily in the United Arab Emirates (UAE) market and holds a Retail Payment Services and Card Scheme (RPSCS) license from the Central Bank of UAE, ensuring it meets regulatory standards.
The core of Zywa's business model revolves around empowering young people to take control of their finances. The app and card allow users to make purchases at popular retail brands like Starbucks, Zara, and Bershka, while earning rewards on every spend. This incentivizes responsible spending and saving habits among the younger demographic. Additionally, Zywa provides tools for setting savings goals and tracking financial progress, making it easier for users to achieve their financial objectives.
Zywa also targets parents who want to teach their children financial responsibility. By giving kids their own card and app, parents can monitor spending and guide their children in managing money wisely. This dual focus on both young users and their parents creates a comprehensive ecosystem that supports financial education and independence.
Revenue generation for Zywa comes from multiple streams. The company likely earns money through transaction fees when users make purchases with their Zywa card. Additionally, partnerships with retail brands for reward programs and possibly subscription fees for premium app features could contribute to their income.
In summary, Zywa is carving out a niche in the fintech space by focusing on the financial needs of the next generation. The company combines practical financial tools with a rewards system to encourage smart spending and saving habits among young people, while also providing parents with a way to oversee and guide their children's financial activities.
Keywords: fintech, youth finance, prepaid card, savings goals, rewards program, UAE market, financial education, parental control, retail partnerships, financial independence.