Savedo receives new funding
- Further capital from new investor Simon Nixon, founder and former CEO of Moneysupermarket
- Total funding now stands at over USD 12 million
Berlin, 16th June 2016 – Savedo, the first international online marketplace for Europe-wide savings, has obtained another USD 2 million funding. Simon Nixon, founder and former CEO of Moneysupermarket, one of the largest price comparison portals in Europe, confirms his investment of additional growth capital.
“We are very proud to announce Simon today as one of our investors. This proves again that Savedo has its place in Europe as one of the leading financial technology companies in the area of financial investments. We are looking forward to being able to benefit from Simon`s impressive expertise and network in the European financial services landscape.”
“I was impressed with the deepness of the vertical integration as well as the technology-focused execution of the Savedo marketplace approach. Having access to the best savings products in Europe via one simple banking interface is more than a very compelling value proposition.”
Since its formation in mid-2014, the Berlin Fin-Tech company has now obtained over USD 12 million for its growth. Investors in prior rounds of financing were the Franco-German VC Fonds Xange, the Berlin company builder FinLeap, Kreos Capital of London, the Axel Springer subsidiary WeltN24, Point Nine Capital, the German Startups Group, DvH Ventures, HW Capital and Cherry Ventures as well as a number of business angels such as Wonga founder Errol Damelin.
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) 30 577 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.