SavingGlobal, a Berlin, Germany-based financial marketplace that enables savers to access the best deposit rates across Europe, closed €20m Series B financing.
The round, which brought total funding to €30m, was led by Ribbit Capital and Index Ventures with participation from Yuri Milner and Tom Stafford.
The company intends to use the funds to accelerate international expansion and broaden its savings offering.
Led by CEO and co-founder Tamaz Georgadze, SavingGlobal has brokered over €500 million in deposits from more than 25,000 customers in Germany.
Customers who use SavingGlobal to access foreign savings products can see their interest earnings increase without incurring significant additional risk as all deposits benefit from at least €100,000 of deposit funds guarantees from the EU.
Consumers outside of Germany will be able to access SavingGlobal’s products later this year.
The company currently works with banks in 9 European countries and onboarding many others.