Fintech startup SaveIN raises $1.1 M from Bayhouse Capital

Gurugram-based fintech startup SaveIN has raised USD 1.1 million in an extended seed round led by Bayhouse Capital, taking its total investment so far to over USD 5 million. The company would deploy the capital to develop its product, hiring and branding. SaveIN caters to healthcare needs by offering financing and credit options to patients at zero-cost equated monthly instalments (EMIs) across its network of healthcare providers. The startup had raised USD 4 million (about INR 30 crore) in April as part of its seed round from existing backer, Y Combinator, and others including 10X Group, Leonis VC, and Goodwater Capital. Nordstar, Rebel Fund, Pioneer Fund, Soma Capital and SCM Advisors also participated in the funding round in April.