Savedo, a Berlin, Germany-based international online marketplace for European savings, raised $2m in funding.
Simon Nixon, founder and former CEO of MoneySupermarket, one of the largest price comparison portals in Europe, made the investment.
The company, which has received more than $12m in growth, will use the funds and Simon Nixon’s network to expand into Europe.
Led by Christian Tiessen, CEO and cofounder, Savedo provides an international online financial marketplace that allows private customers in Germany, Austria and the Netherlands to deposit their savings at interest rates of up to 2.5% per annum, across the European Union. The deposits are secured – according to current EU directives – via cooperation with European banks such as biw AG, Atlantico Europa, Banka Kovanica, Hanseatic Bank, J&T Banka, KentBank, and Vaba Banka.
Other investors in the company includes Xange, FinLeap, Kreos Capital London, the Axel Springer subsidiary WeltN24, Point Nine Capital, German Startups Group, DvH Ventures, HW Capital and Cherry Ventures, Wonga founder Errol Damelin and other angels.
FinSMEs
21/06/2016