Savings and investment platform Savedo, which had raised about $12m, was backed by WeltN24 and has now been acquired by Deposit Solutions.
Media company WeltN24 exited Savedo, the Germany-based operator of an online marketplace for savings products, yesterday through an acquisition of undisclosed size by banking software provider Deposit Solutions.
Savedo has built an online marketplace that allows users to choose retail savings and investment products from the network of financial services providers with which it partners.
WeltN24 became a shareholder in Savedo through a media-for-equity deal that formed part of a $5.6m round the company closed in May 2016, taking…
