SAVR, a Stockholm-based fintech focused on making long-term savings more affordable, has raised new funding from Incore Invest and other investors. This investment will be used to further develop SAVR’s platform, which offers access to equities, ETFs, and mutual funds at reduced fees. With over 100,000 users, SAVR is known for its approach to cutting fund fees by up to 50% compared to traditional platforms. The additional funding will support the company’s efforts to expand its offerings and continue its growth in the Nordic market.
Following a successful two years investing in SAVR, a disruptive fintech company dedicated to transforming the investment experience for long-term savers, Incore Invest is pleased to be continuing the partnership. A business with unique scaling potential, SAVR recently celebrated a monumental achievement of surpassing over 100,000 users.
“SAVR’s vision for an affordable and user-friendly investment platform aligns perfectly with our commitment to supporting innovative ventures with promising growth prospects,” remarked Nicolai Chamizo, CEO and Founder of Incore Invest. “Their dedication to revolutionizing the Nordic investment sector through accessible data and intuitive tools resonates deeply with our ethos.”
Indeed, SAVR’s new investment platform is poised to revolutionize the way individuals engage with their finances. By seamlessly combining digestible data, personalized insights, and intuitive tools, SAVR aims to empower users to make informed decisions when managing their finances. This partnership with Incore Invest will further accelerate the launch of SAVR’s enhanced investment platform, encompassing equities, ETFs, and mutual funds.
“We stand out in a competitive market by outpacing traditional players with speed and innovation,” noted Daniel Aarenstrup, CEO at SAVR. “The strategic guidance from Incore Invest’s experienced entrepreneurs within the fintech space will be crucial for our future growth plans and align perfectly with our mission to transform the Nordic investment sector.”
SAVR has already made significant strides in disrupting the industry. As a Swedish industry leader, SAVR launched the first-of-its-kind open fund platform in 2019, offering up to a remarkable 50% reduction in fund fees compared to other online banks. Additionally, SAVR provides a cheaper currency exchange rate of just 0.19%, making it a far superior option in comparison to other European savings products.
Since the launch of its mutual funds platform in November 2019, SAVR has quickly gained traction as a pioneer in the field of long-term savings, boasting a user base of over 100,000 individuals. Impressively, the company has refunded close to $5 million in fund commissions to its customers, underscoring its commitment to transparency and cost-effectiveness.
Founder and CEO of Incore Invest, Nicolai Chamizo will continue his role as an active member of SAVR’s board, utilising his vast experience in guiding and scaling tech startups and further solidifying the partnership between Incore Invest and SAVR. With a shared vision of disrupting the investment industry, this collaboration promises to deliver unparalleled value to investors across Scandinavia.
As SAVR and Incore Invest join forces, the future of fintech in the Nordic investment sector looks promising. With a relentless pursuit of innovation and a commitment to providing cost-effective solutions without compromising on quality, this partnership is set to redefine the landscape of financial services in Scandinavia and beyond.
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Read the orginal article: https://arcticstartup.com/savr-raises-funding/
