Photo - Saveazy Digital Solutions Pvt. Ltd. (Brand: Prizwiz)
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Saveazy Digital Solutions Pvt. Ltd. (Brand: Prizwiz)

India, Karnataka
Market: Financial services, Other
Stage of the project: Operating business

Date of last change: 14.02.2023
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Idea

First in World retail fintech offering that hyper-personalizes every users shopping experience and saves time & money, while gathering deep user insights to deliver purpose based financial solutions.

Current Status

Our MVP has been launched and we are in our commercial pilot.
2900+ registered users
3% transacting users
$32k sales since pilot launch in July 2022
Avg. 3% revenue on sales realized. Revenue generating from day 1.

Problem or Opportunity

When shopping online, users are unaware of hundreds of bank offers that are available to help them save money. There is no single tool that combines all the data and personalizes the prices to the user. Without this info, they could be losing over 2-5% savings with every transaction, adding up to $1.2Bn in lost savings annually. Existing price comparison apps, travel sites only show basic prices, leaving the users perplexed.

Not all users possess the right financial tools to maximize their saving potential and there is an opportunity to offer data-driven purpose based financial solutions.

Solution (product or service)

Prizwiz is Worlds first and only mobile app that deploys a patent-pending algorithm to hyper-personalize a users shopping experience by combining product prices and hundreds of bank-offers from across multiple marketplaces to instantly show the best marketplace and bank offer combination that gets them the ultimate best price and savings. With applicability spanning e-commerce, travel, hospitality, luxury goods etc., use cases and possibilities are numerous. From a Fintech angle, we are uniquely positioned to cross-sell purpose-based financial solutions in partnership with banks.

Business model

1. Affiliate commission from the marketplaces at an avg. 3% take rate for every transaction passed through us
2. Bank referral commission for every successful user conversion at an avg. $30 per conversion
3. Ads and paid placements (PPV, PPC)
4. User subscription (Freemium to Premium)
5. Data analytics as a service to partners (banks and marketplaces)
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