International legal practice, Osborne Clarke has advised Savedo GmbH on the closing of a financing round. Savedo is the first international online marketplace for savings in other EU countries. Founded in 2014, the Berlin-based FinTech company has already raised USD 10 million for sustainable growth.

Savedo has raised USD 5.6 million from XAnge, FinLeap, Kreos Capital, Point Nine Capital, German Startups Group and WeltN24 (via a media-for-equity-deal). The fresh capital will mainly be used for product expansion and consistent internationalisation.

The Osborne Clarke team that advised on the financing was led by Partner Nicolas Gabrysch who was assisted by Christian Musfeldt, Till Manuel-Saur and Dr Martina Maiorino (all M&A corporate law).