Savedroid is a German artificial intelligence savings technology firm, which uses the booming interest in cryptocurrencies to raise capital in both crypto and conventional.
On the crypto-fundraising side, Savedroid notes that the pre-sale of its token featured more than 3,800 backers and sold out within seven hours.
It announced a new equity investment of $1.84 million (€1.5 million) on the more conventional fundraising side from the Investment and Economic Development Bank of Rheinland-Pfalz (ISB).
This new ICO funding is going to help technology to make better support on crypto saving and investing. The Total capital of the company stands about $4,30 million.
Savedroid was created in 2015 in Frankfurt am Main. Its applications help users to improve their lifestyle and money holdings.
The company’s recent embrace of cryptocurrencies is designed to democratise cryptocurrency savings and investment by providing ready access to cryptocurrency-based savings and investment plans including portfolios, futures, and ICOs.
The firm sees launching its own cryptocurrency-based saving plans in the middle of this year, additional improving and making credit card payments added in 2019, and smart investments and ICOs starting in 2020.