About Savedo
Savedo is a company based in Berlin (Germany) founded in 2014 was acquired by Deposit Solutions in August 2017.. Savedo has raised $7.6 million across 4 funding rounds from investors including Kreos Capital, Deposit Solutions and FinLeap. The company has 40 employees as of December 31, 2017. Savedo offers products and services including Festgeld, Tagesgeld, and ETF. Savedo operates in a competitive market with competitors including American Express, Raisin, Verivox, Compeon and WeltSparen, among others.
- Headquarter Berlin, Germany
- Employees 40 as on 31 Dec, 2017
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Savedo Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.6 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Series A
Jun 16, 2016
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Investors
Kreos Capital
& 9 more
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Employee Count
40
as on Dec 31, 2017
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Acquired by
Deposit Solutions
(Aug 14, 2017)
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Products & Services of Savedo
Savedo offers a comprehensive portfolio of products and services, including Festgeld, Tagesgeld, and ETF. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fixed-term deposit for earning interest on savings
Flexible account for daily access to funds
Exchange-traded funds for diversified portfolio building
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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 Total Funding
- Total Rounds 4
- Last Round Series A — $2.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - Savedo | Valuation |
investors |
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| Apr, 2016 | Amount | Series A - Savedo | Valuation | XAnge | |
| Nov, 2015 | Amount | Seed - Savedo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture capital-backed startup studio is focused on fintech innovation.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies across multiple sectors.
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Founded Year | Domain | Location | |
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VC firm investing in early & growth stage tech companies in Europe
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Savedo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Savedo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Savedo Comparisons
Competitors of Savedo
Savedo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as American Express, Raisin, Verivox, Compeon and WeltSparen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial products for individuals and businesses are compared online.
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| domain | founded_year | HQ Location |
Comparison platform for bank accounts
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| domain | founded_year | HQ Location |
Comparison platform for financial and electronic products
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| domain | founded_year | HQ Location |
Business financial products are compared online via Compeon platform.
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| domain | founded_year | HQ Location |
Investment products and services are compared online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Savedo
When was Savedo founded?
Savedo was founded in 2014.
Where is Savedo located?
Savedo is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Savedo a funded company?
Savedo is a funded company, having raised a total of $7.6M across 4 funding rounds to date.
How many employees does Savedo have?
As of Dec 31, 2017, the latest employee count at Savedo is 40.
What does Savedo do?
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.
Who are the top competitors of Savedo?
Savedo's top competitors include American Express, Verivox and Raisin.
What products or services does Savedo offer?
Savedo offers Festgeld, Tagesgeld, and ETF.
Who are Savedo's investors?
Savedo has 10 investors. Key investors include Kreos Capital, Deposit Solutions, FinLeap, WELT, and German Startups Group.
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