Savedo
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|
Profit | (5.1m) | (3.2m) | (2.2m) | (1.7m) | (1.2m) | (<1m) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | Seed | ||
* | N/A | Early VC | |
$5.6m | Early VC | ||
N/A | Media For Equity | ||
* | €1.8m | Angel | |
N/A | N/A | Early VC | |
N/A | Acquisition | ||
Total Funding | €6.9m |
Recent News about Savedo
EditSavedo is a financial technology platform that offers high-yield fixed-term deposit accounts to retail investors. The company operates in the European market, partnering with a variety of reputable banks to provide competitive interest rates on savings. Savedo serves individual clients looking to maximize their savings with secure and profitable deposit options. The business model revolves around connecting savers with banks that offer attractive deposit products, earning a commission for each successful deposit facilitated through its platform. This commission-based model ensures that Savedo can provide its services to clients without charging them directly. The platform is designed to be user-friendly, offering a seamless experience for clients to compare and select the best deposit options available. By leveraging partnerships with multiple banks, Savedo ensures a diverse range of products, catering to different risk appetites and investment horizons. The company also emphasizes security, with all deposits covered by the respective national deposit insurance schemes, providing peace of mind to investors.
Keywords: fixed-term deposits, high-yield savings, European banks, retail investors, financial technology, competitive interest rates, secure investments, user-friendly platform, commission-based model, deposit insurance.