Savedaily
Brokerage solutions enabling banks and brokerages to offer financial services to both high-end and low-income customers.
| Date | Investors | Amount | Round |
|---|---|---|---|
$3.0m | Debt | ||
| Total Funding | 000k | ||
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Established in 1999, SaveDaily, Inc. operates as a business-to-business financial technology firm, providing a proprietary, white-label investment platform. The company was founded by Jeff Mahony and is headquartered in California. SaveDaily's core business revolves around enabling traditional financial institutions—such as banks, insurance companies, and credit unions—to offer investment services to the mass-market and mass-affluent consumer segments, which are often underserved by conventional wealth management models.
The company's business model is primarily a partnership-driven, private-label solution. SaveDaily licenses its fully automated, paperless technology suite to financial intermediaries, allowing them to market investment products under their own brand. This strategy enables partner institutions to retain their customer relationships and assets while expanding their service offerings. Revenue is generated through a flexible fee structure, which can include setup fees from partners and various models like monthly or transaction-based fees, designed to be affordable for the end-user.
SaveDaily's platform is an API-based, omnibus solution that automates the entire investment process, including trading, money movement, and reporting, with no trading fees or account minimums. It provides access to a wide array of mutual funds, customized investment portfolios, and risk assessment tools. The technology is offered through distinct modules catering to different market needs, including mass-market, high-net-worth, pension, Health Savings Accounts (HSAs), and robo-advisor solutions. One of its notable services is RolloverSaver, a Safe Harbor IRA provider that helps reunite participants with their 401(k) assets from terminated or abandoned plans.
Keywords: fintech, B2B, white-label investment platform, financial technology, mass-market investing, digital investment solutions, private-label, registered investment advisor, omnibus trading, record-keeping, mutual fund platform, robo-advisor, pension services, Health Savings Accounts, IRA solutions, 401(k) rollover, financial services technology, asset management tools, investment automation, wealth management technology