savedroid’s ICO continues success story as personal finance optimizer
When evaluating an ICO, it is important to take a look at what the issuer has achieved so far. Many start from scratch. Not so for Frankfurt based fintech savedroid. The company has built an impressive corporate history with reputable partners. The token sale aims at continuing that success.
No more than 2.5 years after being founded, savedroid has left its mark in the German fintech space. The company has built an award-winning AI savings platform that is available for download on Android and iOS. The app is targeting a rather young user group (almost two thirds are below 35) and has registered more than 200,000 downloads so far. Certainly, the users are no hardcore financial experts — in fact, they are quite the opposite. Therefore, they are attracted to what savedroid has to offer: an easy-to-use, lifestyle-oriented and sometimes even fun way of micro-saving.
And the system is working: millions of savings transactions have been triggered through the savedroid app and millions of euros have been set aside. That money is transferred from the users’ bank account to a special savings account they opened with savedroid. Since savedroid has direct access to all the data on the users’ bank account, it gains a deep and valuable understanding of their financial situation.
This is where the second cool feature of savedroid comes in. It’s not only “saving money” in the meaning of “putting money aside” but also in the meaning of spending less for everyday costs. Since savedroid has insight into what kind of transfers the user is making from his bank account, it can follow what contracts he is paying for. Using this information, savedroid will directly suggest if it can find offers which are cheaper or offer better value for money.
Is there a less expensive mobile phone contract available than the one that the user currently holds? A better electricity or gas provider? A cheaper credit card? If so, the user will receive a notification together with an invitation to switch to the new provider. This way, savedroid ends up not only as a micro-savings simplifier but also as personal finance optimizer.
The same applies when it comes to cryptocurrencies. With its deep understanding of how to simplify financial processes, savedroid is building a user interface that eliminates most of the massive barriers that non-experts experience today when they begin to deal with bitcoin and other cryptos. This means: no need for a crypto exchange, no search for a wallet and no messing around with private keys, etc. The savedroid ICO opens this story to investors. The utility token sold in the ICO will be used as payment for services on the savedroid platform.
For the first time, investing in cryptocurrencies will become as simple as a savings account. This crypto inclusion will heavily increase the potential audience. savedroid will make the crypto world easier.
Give Power to the People!
