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Incore Invest backs Swedish savings platform SAVR

By Gloria Methri

May 07, 2024

  • Europe
  • FinTech
  • Incore Invest

SAVR, Incore Invest, FinTech, Investment Platform, Savings Platform, Open Fund Platform, NordicsIncore Invest has announced its investment in SAVR, a disruptive FinTech company dedicated to transforming the investment experience for long-term savers. The backing comes after the company celebrated surpassing over 100K users, showing significant potential for scaling the business.

SAVR’s new investment platform will combine digestible data, personalised insights, and intuitive tools for a superior user experience, with the aim of empowering users to make the best decisions when taking control of their finances.

While Incore Invest has been an investor in SAVR for two years, this partnership will allow the FinTech to accelerate the launch of its new investment platform, which includes equities, ETFs, and mutual funds. Soon, the new equities trading platforms will offer stock trading options across 17 markets, with access to free real-time data, automatic commission classes, low currency conversion and advanced AI-powered tools.

SAVR launched an open fund platform in 2019 and currently offers up to 50% reduced fund fees compared to other online banks. In addition, it offers a cheaper currency exchange rate of 0.19%. With its current mutual funds platform, SAVR has gained traction as a pioneer in the field of long-term savings, boasting a user base of over 100k+ since the launch of its mutual funds platform in November 2019.

To date, SAVR has refunded close to $5 million in fund commissions to its customers. By offering a platform that promotes informed decision-making and transparency without high commission and distribution fees, SAVR is committed to providing cost-effective solutions without compromising on quality.

Speaking on the investment, Nicolai Chamizo, CEO and Founder of Incore Invest said, “We are delighted to deepen our partnership with SAVR, a true disruptor in the FinTech landscape. Their vision for an affordable and user-friendly investment platform aligns perfectly with our commitment to supporting innovative ventures with promising growth prospects. SAVR is dedicated to revolutionising the Nordic investment sector through accessible data and intuitive tools and Incore Invest is excited to be a part of their journey by leveraging our sector expertise as well as deep networks in the Fintech industry.”

Daniel Aarenstrup, CEO at SAVR added, “SAVR stands out in a competitive market by outpacing traditional players with speed and innovation. This makes entrepreneurial-driven investors and experienced operators such as Incore Invest the perfect partners for us. 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.”

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