Oval Money
Oval is a platform designed to tackle the global issue of financial literacy by empowering people to be wiser about their money. Oval helps users save quickly and effectively, by teaching them to monitor spending habits and by making savings automatic. The app also leverages a community experience to make saving more dynamic. They have consulted the brightest minds in personal finance and behavioural economics to develop the artificial intelligence that guides users to better spending and to making regular contributions to their secure digital savings account. With no hidden fees and robust privacy controls, Oval brings trust back into personal finance and opens it to everyone. Oval was launched in 2016, and is based in London, UK and Turin, Italy. The team is committed to driving education, fairness, and financial inclusion in the industry. Learn more at http://www.ovalmoney.com
Oval Money
Oval is a platform designed to tackle the global issue of financial literacy by empowering people to be wiser about their money. Oval helps users save quickly and effectively, by teaching them to monitor spending habits and by making savings automatic. The app also leverages a community experience to make saving more dynamic. They have consulted the brightest minds in personal finance and behavioural economics to develop the artificial intelligence that guides users to better spending and to making regular contributions to their secure digital savings account. With no hidden fees and robust privacy controls, Oval brings trust back into personal finance and opens it to everyone. Oval was launched in 2016, and is based in London, UK and Turin, Italy. The team is committed to driving education, fairness, and financial inclusion in the industry. Learn more at http://www.ovalmoney.com
TL;DR
Founded: 2016
Headquarters: London, UK; Turin, Italy
Product: Mobile app for expense tracking, automated saving rules (e.g., round-ups) and themed investing
Funding (reported): €1.2M (early round, 2017); total funding record: 11130000.00 USD (last funding date 2019-11-23)
Exit: Acquired by ETX Capital (announced May 14, 2021)
Company Overview
Problem Domain
Personal finance / financial literacy; automated savings and consumer investing
Founded
2016
Industry
Fintech
Funding Track Record
€1.2M
Early round reported by TechCrunch
11130000.00 USD
Acquisition announced
Investor Signal
“Backed by Gruppo Intesa Sanpaolo, b-ventures, DOCOMO Digital's incubator, Bertoldi Group Family Office; other investor names referenced (e.g., Eurizon Capital) in company profiles”