How SAVR Supercharges its Platform with Instant Payments
Payments and trades that move at the speed of the market
Benefits
Larger Desposits
User Friendly
Instant deposits of any size, lead to positive feedback and higher satisfaction.
AUM Growth
SAVR’s primary growth metric, Assets Under Management, increased.
Competitive Edge
Background
Headquartered in Stockholm, SAVR’s mission is to reinvent stock and fund investing in Sweden and beyond. The company provides a one-stop shop for investing, covering mutual funds, stocks, ETFs, and crypto. In particular, SAVR differentiates itself by focusing on the entire investment journey, from education and discovery to the transaction and the post-investment experience.
As a tech-first company, SAVR is thriving in the fast-paced, high-innovation environment of the modern Scandinavian investment landscape. A key part of its value proposition is offering a transparent, low-cost platform, and for SAVR’s customers, this equates to transparency, honesty, and trust.
Challenge
To maintain its competitive edge, SAVR needed to meet the high expectations of modern investors, who demand zero-fee, instant, and seamless transactions. The financial markets move fast, and any delay can result in a missed opportunity, making the speed of deposits and withdrawals a critical component of the user experience.
Previously, SAVR faced a significant gap in its payment capabilities. While the platform could handle small, instant deposits, larger transactions relied on traditional bank methods that took one to two days to process. This delay created a frustrating and disjointed experience, particularly for high-value customers wanting to move significant funds quickly to act on market opportunities. This limitation was a highly requested feature fix from customers and a barrier to providing the truly instant experience SAVR is committed to.
Solution
To close the gap in its offering, SAVR partnered with Brite to integrate its instant account-to-account (A2A) payment solution. Brite’s ability to provide a cost-efficient, seamless user experience that could handle large transactions instantly drove the decision.’
By implementing Brite Instant Payments and Payouts, SAVR can now offer its retail and high-value customers the ability to make instant deposits of any size. This removes the friction and delay of traditional bank transfers, allowing investors to fund their accounts and act on decisions in seconds, not days.
The integration process was seamless, supported by Brite’s dedicated integration team and clear API documentation. Brite’s checkout flow, which features the logos of trusted banks, was also key to maintaining the high level of trust required when dealing with, in some cases, customers’ life savings.
Results
Increased Average Deposit Size
By removing the limitations on large instant deposits, Brite has directly increased SAVR’s average deposit size. Customers no longer need to split large transfers over several days, improving both the user experience and key business metrics for SAVR.
Enhanced User Experience
Partnering with Brite has allowed SAVR to solve one of its customers’ biggest pain points. The ability to deposit funds of any size instantly is critical in trading and meets the high expectations of today’s investors, leading to positive customer feedback and higher satisfaction.
Accelerated Growth
For SAVR, Assets Under Management (AUM) is the primary growth metric. By enabling a seamless and instant flow of deposits onto the platform, Brite directly supports SAVR’s core business objective and positions the company for continued growth.
Competitive Advantage
In an industry where speed is paramount, offering instant large deposits keeps SAVR at the forefront of innovation. This capability is a key differentiator that helps attract and retain demanding customers.
Operational Efficiency
Brite provides a cost-effective solution that allows SAVR to offer the zero-fee transaction environment that customers expect. This efficiency helps SAVR maintain its low-cost DNA while saving on fees it would otherwise have to pay.
