Pakistan’s pioneering cashback rewards platform, Savyour Shuts Down, marking the end of its operations by March 20, 2025. The company has urged users to withdraw any remaining cashback before this deadline, as both the app and website will cease functioning afterward. Savyour’s closure comes as part of a strategic decision made a year ago, with the company focusing on new growth opportunities.
Savyour Shuts Down After Strategic Review
Savyour officially announced its decision to discontinue operations after conducting a year-long evaluation. The company stated that it had been actively transitioning towards a well-managed closure while exploring new business avenues. Over the past months, Savyour experimented with emerging opportunities, aligning with its vision of innovation and impact in the region.
Despite its closure, Savyour has assured users that they can redeem their cashback credits until March 20, 2025. Customers are encouraged to transfer their funds to bank accounts or digital wallets before the deadline. The company has also set up a support channel for any assistance needed during this transition.
Impact on Users and Business Partners
For Savyour’s business partners, the company has promised a seamless financial closure and ongoing communication to finalize pending matters. The closure of the platform marks the end of a venture that had gained huge traction since its launch.
Launched in 2021, Savyour had previously secured $3.3 million in seed funding from investors such as Zayn Capital and Global Founders Capital. At its peak, the platform boasted a 52% month-over-month growth rate and served users across 58 cities in Pakistan.
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