Company Information

Get to know savedroid

Founded in 2015, savedroid AG began as a company offering a mobile application that used AI to help users automatically save small amounts of money. In 2018, the company shifted its focus to the cryptocurrency market, launching an Initial Coin Offering (ICO) for its SVD token. The project aimed to create a user-friendly ecosystem for crypto saving, investing, and payments. However, the company faced significant controversy and regulatory scrutiny, and in 2021, savedroid AG was transformed into savedroid FL GmbH and entered into liquidation, ceasing its active operations.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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savedroid

Germany

Founded in

Sep 2015 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.