Save, a financial technology company renowned for its market-driven cash management platform, has completed its first round of institutional funding. This funding round was led by BNP Paribas, a prominent global bank, and was bolstered by strategic investments from Natixis Corporate & Investment Banking and Pacer Financial.
As investors increasingly seek ways to optimize their idle cash, the demand for higher-yield cash products is growing. Save is responding to this trend by introducing its Liquid Market Savings Platform. This innovative platform not only offers the potential for market-based yields but also prioritizes the safety of the depositor’s funds. Every deposit remains fully insured by the FDIC, ensuring that the principal is protected. Additionally, the platform allows for complete liquidity, meaning that depositors can access their funds without any restrictions or penalties. Importantly, this approach eliminates downside risk, providing a secure alternative for cash management.
Recently, Save achieved a significant milestone by launching the Market Savings Sub-advisory Program in partnership with Customers Bank. This program offers a unique, market-driven deposit solution that combines the security of FDIC-insured deposit accounts held at Customers Bank with a sophisticated market-based yield enhancement strategy managed by Save.
This dual approach aims to maximize returns while maintaining the safety and liquidity that investors expect. Furthermore, this program is exclusively accessible through Registered Investment Advisers, providing a tailored financial solution for clients seeking to enhance their cash management strategies.
KEY QUOTES:
“Macroeconomic trends point towards a continued rally in Equities and other assets. Clients increasingly prefer returns linked to those assets — versus interest rates — but without taking on the associated risk. Save makes that possible.”
Michael Nelskyla, CEO at Save
“Save is an exciting investment and aligns with our ambition to work with fintechs developing next‑generation technology for financial services. We’re thrilled to support a business that is reshaping yield in a way that benefits both retail and institutional customers.”
Steve Nawrocki, Managing Director at BNP Paribas
“We believe Save is redefining the role of cash in a modern portfolio. By combining principal protection with innovative yield potential, they’re opening a new frontier for advisors and their clients. We’re excited to support their expansion into the wealth management space.”
Sean O’Hara, President of Pacer ETFs Distributors
“This is a compelling solution that addresses a very real demand among investors today — capital preservation without sacrificing return potential. Save’s approach complements our broader strategy of delivering outcome-oriented investment solutions through innovative partners.”
Simon Sourigon, Managing Director at Natixis Corporate & Investment Banking
