About Savedo
Savedo is a Financial Services company based in Berlin (Germany) founded in 2014, and was acquired by Deposit Solutions in August 2017. Fixed-term deposit rates from banks are compared online. Savedo has raised $7.6 million across 4 funding rounds from investors including Kreos Capital, Deposit Solutions and FinLeap. The company has 40 employees. Savedo offers products and services including Festgeld, Tagesgeld, and ETF. Its focus areas include FinTech, Banking Tech, Savings Comparison Platform and Alternative Lending. Its legal entity is Savedo GmbH. Its competitors include Raisin, Verivox and Compeon; 2 of its 3 listed competitors have raised funding.
Company details
Savedo was founded in 2014 and is based in Berlin, Germany. An online platform is operated in the fintech sector, where fixed-term deposit rates from multiple banks are aggregated. Competitive rates and terms are presented to users, with options for investing abroad in various deposit products. Services focus on comparison tools to facilitate informed investment decisions across European markets.
- Headquarters Berlin, Germany
- Employees 40
- Stage Acquired
- SectorsFinancial Services
- Website savedo.de
- Social LinkedIn X
- Acquired by Deposit Solutions (Aug 2017)
- Legal Name Savedo Gmbh
- Total Equity Funding$7.6M (USD)
in 4 rounds
- Latest Funding Round$2M (USD), Series A
Jun 2016
- InvestorsKreos Capital
& 9 more
- Employee Count40
- Acquired byDeposit Solutions
(Aug 2017)
Products & Services of Savedo
Savedo offers a comprehensive portfolio of products and services, including Festgeld, Tagesgeld, and ETF.
Fixed-term deposit for earning interest on savings
Flexible account for daily access to funds
Exchange-traded funds for diversified portfolio building
Funding Insights of Savedo
Savedo has successfully raised a total of $7.6M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.6M
- Total Rounds 4
- Last Round Series A — $2M
- Investors Count 9
All 4 funding rounds of Savedo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $2M | Series A | – | – | – |
| Apr 2016 | $5.6M | Series A | – | XAnge | |
| Nov 2015 | Seed | – | – | ||
| Dec 2014 | Seed | – | – |
10 investors in total: 10 institutional.
Investors in Savedo
Savedo has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Kreos Capital, Deposit Solutions and FinLeap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital-backed startup studio is focused on fintech innovation. | finleap.com | Berlin, Germany | ||
Venture debt is provided to growth-stage companies across multiple sectors. | 1998 | kreoscapital.com | London, United Kingdom | |
VC firm investing in early & growth stage tech companies in Europe | german-startups.com | Frankfurt Am Main, Germany | ||
Venture capital investments are directed toward marketplace and SaaS companies. | pointnine.com | Berlin, Germany | ||
Venture capital fund focused on tech companies | xange.vc | Paris, France | ||
Seed-stage tech investments in Europe are made by HW Capital. | hwcapital.de | Munich, Germany | ||
Early-stage venture capital investments are made in European startups. | dvhventures.de | Köln, Germany | ||
WELT is recognized as a leading German news provider. | welt.de | Berlin, Germany | ||
| xange.fr | ||||
Open banking API solutions | 2011 | deposit-solutions.com | Hamburg, Germany |
Investor details for Savedo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Savedo
2 people are tracked at Savedo (2 in leadership); the tracked headcount is 40.
| Name | Role | Group |
|---|---|---|
Nils Lackes | Managing Director | Leadership |
Bennet Duncker | Managing Director | Leadership |
Complete people profiles for Savedo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Savedo
4 dated milestones of Savedo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Savedo is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by Deposit Solutions.
Competitors of Savedo
Savedo has 3 listed competitors in our database, 2 of them funded. They include Raisin, Verivox and Compeon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| raisin.com | 2013 | Berlin, Germany | $304.17M | Comparison platform for bank accounts | ||
| verivox.de | 1998 | Heidelberg, Germany | 329 | Comparison platform for financial and electronic products | ||
| compeon.de | 2012 | Emsdetten, Germany | $36.77M | 107 | Business financial products are compared online via Compeon platform. |
Detailed competitors of Savedo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Savedo
Websites that share an audience with Savedo (savedo.de).
Websites whose visitors overlap most with Savedo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| check24.de | 100% | 31.3M | #1,429 | View details |
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Related news about Savedo
Frequently Asked Questions about Savedo
Savedo was founded in 2014.
Savedo is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Savedo is a funded company, having raised a total of $7.6M across 4 funding rounds to date.
Savedo has 40 employees.
Savedo was founded in 2014 and is based in Berlin, Germany. An online platform is operated in the fintech sector, where fixed-term deposit rates from multiple banks are aggregated. Competitive rates and terms are presented to users, with options for investing abroad in various deposit products. Services focus on comparison tools to facilitate informed investment decisions across European markets.
Savedo offers Festgeld, Tagesgeld, and ETF.
Savedo has 10 investors. Key investors include Kreos Capital, Deposit Solutions, FinLeap, WELT, and German Startups Group.
Savedo operates through Savedo Gmbh.
Yes. Savedo was acquired by Deposit Solutions in August 2017.