Startup name: Oval Money
Registered Office: United Kingdom, London
Established in: 16/02/2016
Startup Category: AI
Competitions/Prizes won: (Italian Fintech Awards, Innovate Finance Pitch 360, Finalist NTT Data Open innovation, Zurich Competition Italy)
Founders: Benedetta Arese Lucini, Claudio Bedino, Edoardo Benedetto, Simone Marzola
Oval is creating a platform designed to allow young adults to find a simple solution for saving and investing for their future. Through machine learning it learns users’ financial and lifestyle behaviours and uses the data collected to encourage them to accumulate capital for the purpose of investing. To do this Oval has designed a product that brings together on one side, young investors and on the other financial products and services providers (partners). By integrating these partners Oval gives access to everyone to sophisticated financial products usually open to high net worth individuals and on the other hand gives the partners an opportunity to connect to a growing user base that has been hard for them to reach. All this through a seamless onboarding, compliance and reconciliation handled by Oval’s technology in the background.
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