Sawayo Raises $1.5 Million Seed Funding For Its One-Stop Compliance Management Tool For SMEs

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Below is our recent interview with Benjamin Reif, CEO & Co-Founder of Sawayo:

Q: This is the first time we have spoken. Can you provide a brief overview of Sawayo?

A: Of course, Sawayo is a one-stop compliance management tool for SMEs. It allows business owners to focus on their value-adding core business, by digitizing and automating processes for regulatory requirements. Most SMEs operate their businesses with small teams and cannot afford to spend much time or money on non-value-adding activities like compliance management – which includes fields such as occupational safety, data protection, working time tracking or driver license controls. For these companies Sawayo comes in handy and adds the missing peace to run healthy organisations. Our tools – including a document distribution system, deadline supervision and time tracking – make it easier to handle such obligations. Sawayo is the affordable all-in-one compliance platform for SMEs.

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Q: What is the main advantage of your digital business management software?

A: What sets Sawayo apart is being tailored to the reality of owners and managers of small businesses.. The platform focuses on usability and time savings. Other than existing software solutions which often require expert knowledge from their user, Sawayo can be used without any in-depth legal knowledge.All required expertise is built into Sawayo’s features and integrated partner solutions. This way compliance management is not only getting easier to manage, it also consumes less resources. Sawayo casts laws into algorithms.

Q: You’ve recently raised $1.5 Million in Seed funding; can you tell us something more?

A: Yes, we are very happy to have the MBMV (Mittelständische Beteiligungsgesellschaft MV) and a group of angel investors on board. We strive to create the European market leader for SME compliance management. The harmonised regulation of the European Union is the opportunity-rich basis for that. With the newly acquired capital we are all set to make the next steps towards this vision. We will now expand our team in some key positions and focus on growing our German market share.

Q: Can you tell us something about your pricing?

A: The price is calculated monthly based on the number of employees. With monthly payment each employee costs 5€. With annual payment you will get a 20% discount resulting in 4€ per employee per month.

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Q: What is next on the roadmap for Sawayo?

A: During 2021 we will continuously improve and enrich our compliance management platform with further features to automate and digitize legally required processes in small businesses. Besides that, we’ll build partnerships with complementary service providers to create the best possible value proposition to our customers.

Last Updated on April 3, 2021

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