Savedo successfully concludes an international round of funding
Total funding now stands at over USD 10 million. Capital from new investors from Germany, France and Great Britain.
Berlin, 27th April 2016 – Savedo, the first international online financial marketplace for savers in other EU countries, has obtained USD 5.6 million in additional growth capital in another round of financing. This means that, since its formation in mid-2014, the Berlin Fin-Tech company has obtained over USD 10 million for further sustained growth. Investors in the latest round of financing include the Franco-German VC Fonds Xange, the Berlin company builder FinLeap, Kreos Capital of London, the Axel Springer subsidiary WeltN24, Point Nine Capital and the German Startups Group. WeltN24 joins the investors group with a media-for-equity-deal.
DvH Ventures, HW Capital, Cherry Ventures as well as a number of business angels such as Wonga founder Errol Damelin and Zanox founder Heiko Rauch have already invested.
“Last year, Savedo became one of the leading financial technology companies in the area of financial investment. We are very impressed with the rapid development of the FinTech company and the team surrounding co-founders Christian Tiessen and Dr. Steffen Wachenfeld. We look forward to working with Savedo.”
“Savedo is the first and most advanced FinTech company of our company builder FinLeap. Since its launch in 2014, the portal has so handled over EUR 300 million in customer deposits, showing that financial investments offer attractive investment opportunities for savers outside their home market. This is an excellent achievement! We are proud to be able to continue to actively support Savedo with our network.”
“We participate with a media-for-equity-deal and look forward to providing active support to ensure the further growth of this innovative, digital business model and to build a strong market for financial investment products.”
Savedo will use the additional capital primarily to further enhance customer services, for other product categories and for continued consistent internationalisation. The cooperation with WeltN24, soon to be implemented by print and TV campaigns, will also make a valuable contribution to raising brand awareness in Germany.
Savedo is the first international online financial marketplace to offer private customers in Germany, Austria and the Netherlands attractive savings products in other European countries with interest rates currently standing at up to 2.5% per annum through a single clearing account (‘Savedo account’). In cooperation with the German biw AG and various European partner banks, Savedo holds savings with a variety of terms and interest rates for its customers. All deposits are secured to the amount of EUR 100,000 by the country-specific deposit protection fund in accordance with current EU directives.
For more information, please visit: www.savedo.de
Bettina Blees Head of PR
+49 0 577 00134
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Über Savedo GmbH
Savedo ist die europäische Geldanlage-Plattform, die seit 2014 Privatkunden in Deutschland, Österreich und den Niederlanden über ein einziges Savedo-Konto die Anlage in attraktive und innovative Investmentprodukte ermöglicht. In Zusammenarbeit mit ausgesuchten Partnerbanken aus Deutschland und Europa bietet Savedo Fest- und Flexgelder sowie FestgeldPLUS-Angebote mit unterschiedlichen Laufzeiten und Zinssätzen an. Alle Spareinlagen sind nach aktuellen EU-Richtlinien bis zu einer Höhe von 100.000 Euro geschützt. Darüber hinaus können private Anleger bei Savedo physisches Gold und Silber online kaufen. Die Edelmetalle werden zollfrei in der Schweiz gelagert und sind dort vollumfänglich versichert.