Savr Agrees to Sell Stake in Fintech Startup
Deal News | Jul 02, 2025 | Aim Group
Vend, previously known as Schibsted, is making moves to divest its venture portfolio by selling its stake in the Swedish fintech startup Savr. The transaction, expected to close later this year pending regulatory approvals, involves the Länsförsäkringar Bank as the buyer. This move marks part of Vend's strategy to exit investments outside its core marketplace sector. Savr, founded in 2019, has become a significant player in the investment platform space, offering services in mutual funds, ETFs, and foreign stocks across 19 markets. It has attracted over 100,000 users and manages about $600 million in funds, despite posting a financial loss in 2023. Other sellers in this deal include Incore Invest and iZettle co-founders. Although financial terms remain undisclosed, speculative reports suggest a valuation of SEK 300 million for Savr.
Sectors
- Fintech
- Investment and M&A
- Venture Capital
Geography
- Sweden – Savr is a Sweden-based fintech startup.
- Norway – Vend, previously known as Schibsted, is a Norwegian company.
Industry
- Fintech – The article involves the sale of a stake in Savr, a fintech company offering investment services.
- Investment and M&A – The transaction between Vend and Länsförsäkringar Bank is an example of M&A activity within the investment sector.
- Venture Capital – Vend, along with other venture capitalists, is divesting stakes in Savr, highlighting the role of venture capital in the growth of fintech startups.
Financials
- Approximately $600 million – Funds managed by Savr.
- SEK 39.5 million ($4.2 million) – Savr's loss posted in 2023.
- SEK 300 million – Speculated valuation of Savr.
- SEK 7.0 million – Speculated value of Vend's stake in Savr.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Savr | Target | Company | A Swedish fintech startup providing investment platform services. |
| Vend | Selling Company | Company | Vend, previously known as Schibsted, is divesting its stake in Savr. |
| Länsförsäkringar Bank | Bidding Company | Company | The buyer in the transaction acquiring Vend's stake in Savr. |
| Incore Invest | Other Seller | Company | A venture capital firm and one of the sellers in Savr. |
| Jacob de Geer and Magnus Nilsson | Other Seller | People | Co-founders of iZettle and part of the group selling their stake in Savr. |
| Fredrik Björland | Vend Senior VP | Person | SVP and head of Vend M&A & investments. |
| Nicolai Chamizo | Incore Invest CEO | Person | Founder and CEO of Incore Invest. |