Save, a Houston, TX-based fintech company that helps clients earn yields, raised an undisclosed amount of funding.
The round was led by BNP Paribas, with participation from Webster Bank.
The company intends to use the funds to scale up its current product range and to launch its new B2B business, dubbed “Powered by Save”, as it continues to expand its offering through institutional partnerships and advisory channels.
Led by CEO Michael Nelskyla and COO Adam Watts, Save is an SEC-registered investment advisor and banking solutions provider that is bringing sophisticated investments to consumers looking for higher returns on their savings without risks of the stock market. Recent accomplishments include the launch of Market Savings, a hybrid product and service that includes a Webster Bank deposit account linked to an investment product offered by Save, as well as increasing its portfolio range to include ESG investment strategies and dynamic absolute return strategies.
FinSMEs
08/12/2022