Save now, pay later venture SaveAway strengthens advisory board

SaveAway, which has developed a save now, pay later shopping option, has added Shamir Karkal (co-founder of Simple and Sila) to its advisory board. He will also contribute as an investor.  

Premal Shah, (co-founder of Kiva and Renewables.org) will also be joining as a board member. 

Karkal co-founded Simple in 2009, later bought by BBVA for $117 million. He has served as CEO at Sila since 2018.

“My investment in SaveAway follows from my first hand observation of this organisation's leadership personifying the creed. That mantra, combined with a sustained effort by saving for what matters; ensures no goal is out of reach,” he says

“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.”

Karkal and Shah join current board members Jaime Punishill, CMO at Lionbridge and Marvin Johnson, CEO at Dashible, alongside SaveAway founder and CEO Om Kundu.

“I cannot think of a better honour for SaveAway than having industry pioneers Shamir and Premal Shah become part of our movement,” Kundu comments.

“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 participants can fulfil purchases by “saving up,” rather than resorting to credit.

The platform also features social commerce elements that let friends and family donate to their savings plans. 

AppointmentsStaff WriterSaveAway, Save now pay later, Buy now pay later, FinTech, Payments, Appointments, Shamir Karkal, Premal ShahComment