VC-backed Deposit Solutions buys Savedo

Deposit Solutions said Aug. 14 that it has acquired Savedo. Financial terms weren’t announced. Savedo, of Berlin, provides a platform for retail deposits. Deposit Solutions has raised 25 million euros ($29.5 million) in venture capital funding from investors including Greycroft Partners, FinLab, e.ventures, Valar Ventures and Peter Thiel.

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