• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    Illinois
    Last Update:
    14 Feb, 2020
    Phone:
    +1 415-578-9949

Description

FOCUS

PRODUCTS & SERVICES:
Reward based personal savings platform.
MAIN CLIENTS:
Online retail consumers
EXISTING PARTNERSHIPS:
SaveUp will be partnering with Purchasing Power to accelerate the path towards financial freedom for millions of Americans.
COMMENT
SaveUp can be used with 18,000 financial institutions in the US including rewards for savings accounts or reducing debts like credit cards, car loans, student loans and mortgages. SaveUp also features educational videos and surveys that can help users to earn points.

PEOPLE

FOUNDERS:
Sammy Shreibati, Priya Haji
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
True Ventures,BlueRun Ventures,BLH Venture Partners

TRACTION

COMMENT:
SaveUp approach to financial services has rewarded Americans for over $1B dollars in savings deposits and over $750M in debt repayment. In 2015, SaveUp was purchased by entrepreneur Paul J. Burt and moved to his hometown of Lake Forest, Illinois.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$7 Millions
DATE OF LAST FUNDING:
Jul 2012
SEED & PRIOR FUNDING:
$2 Millions
SEED CLOSED ON:
Sep 2011
FUNDING SERIES:
SERIES A
$5 Millions Closed: Jul 2012
LISTED:
NO

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