ICO candidate savedroid: Part of a strong network with well-known names
When a startup wants to achieve big goals, it’s best to work with renowned partners. The German Fintech savedroid, which is now launching its ICO, has built such a strong network.
Since its foundation in the year 2015, savedroid has been able to build a number of illustrious partnerships. These partnerships include well-known names working with savedroid as incubator, as shareholders and as cooperation partners at the operational level.
Let’s start with Deutsche Börse AG. As operator of the trading platform Xetra and the Frankfurt Stock Exchange, Deutsche Börse calculates the DAX share index and is listed with their shares in the DAX. When the Deutsche Börse opened its Fintech hub in Frankfurt in 2016, savedroid was one of the first tenants. Together with four other startups, savedroid uses the infrastructure of the incubator. This includes access to the network of Deutsche Börse AG. savedroid is thereby part of the Deutsche Börse Venture Network with over 400 members from all over Europe. The Deutsche Börse brings together young growth companies and investors on this platform. Since its founding in 2015, approximately 1.4 billion US dollars of investment were collected via the venture network.
savedroid’s shareholders include industry-experienced private investors and business angels as well as the Investment and Economic Development Bank of Rheinland-Pfalz (ISB), which invested in savedroid in April 2017 on the basis of a €20 million valuation. The ISB is the state development bank of the German state of Rhineland-Palatinate and promotes, among other things, medium-sized companies, innovation and business startups.
The smart saving app by savedroid is implemented with the support of the Wirecard Bank. Wirecard manages the technical and banking law requirements for the savedroid savings account, into which the users of the app, with the help of the so-called “smooves”, transfer money. The Wirecard group, based near Munich, is a publicly-traded international technology and financial services company with approximately 4,000 employees, over one billion euros turnover and a market capitalization of more than 10 billion euros. Wirecard AG is one of the top five stocks on the German technology stock index TecDAX.
Another savedroid partner in the top five of the TecDAX is the telecommunications company Drillisch, located near Frankfurt. Drillisch is one of the largest high-flyers on the German stock market and its share price has increased by a factor of 80 since 2009. The company is one of the most aggressively priced discount cell phone providers in Germany and is active with the brand yourfone. For savedroid, Drillisch comes into play when recommending more affordable cell phone services to users of the app.
Another partner for the optimization of cell phone contracts is Freenet, a company with nearly 5,000 employees and more than three billion euros turnover. When it comes to the optimization of electricity contracts, savedroid cooperates with Check24. Check24 is Germany’s largest Internet comparison portal with a turnover of more than EUR 500 million.
With the support of these well-known partners, savedroid will transfer its previous approach of making saving easy and intuitive to cryptocurrencies. As part of this new project, savedroid is working on further cooperation with famous names from the world of crypto. You will be surprised by which partners we implement our goal “Cryptocurrencies for all!” with.
