The New Era of Savings: Incore Invest Continues to Back SAVR to Revolutionise Nordic Investments
Nicolai Chamizo
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.
Brite Payments is a fast-growing second-generation challenger in the European payment space. Allowing consumers to make payments using their bank account, Brite employs state-of-the-art open banking technology to process instant payments across Europe across a wide range of verticals. With connections to many of the continent’s largest banks, consumers and merchants receive their funds instantly, making online payments safer and more convenient than ever. Brite was founded and led by an experienced team of FinTech executives from the likes of Klarna, Qliro, Trustly and iZettle, to name a few.
Mynt is a Swedish fintech offering smart company cards that simplifies expense management. Hand out a Mynt card to everybody in the company and set individual spending limits to each person, giving the CFO control over the company’s spend in real time. With full integration to the accounting system, users save both time and money by automating expense management and sending all receipts straight into the accounting system. Mynt is building smart solutions around all corporate spend that makes everyday business life easier.
SAVR is a disruptive marketplace for savings with the ambition to create transparency and improved experiences for long-term savers. SAVR offer a fund and pension saving platform without high commission and distribution fees. On average customers pay half the fund fee compared to investments through other banks and saving services. All commissions are fully refunded to customers.
Kameo is an investment platform that offers attractive investment opportunities for everyone. Kameo’s platform connects more than 65,000 retail and institutional investors with Scandinavian real estate developers and companies. Since its inception in 2016, Kameo has facilitated over 1,000 loans, accumulating a total value of over SEK 5 billion. The average net return for investors has been more than 9 percent annually. Kameo employs a team of 30 professionals across its offices in Stockholm, Oslo, and Copenhagen. ABG Sundal Collier and Incore Invest are strategic owners in the company.
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