Investment thesis
David Nevečeřal, Founder
The current investment round should help Spendee with product enrichment and mostly with growth and product expansion. Up until now we relied on organic growth, but we believe we should move to next phase. At the same time, we know we must carefully craft our product before it becomes a full-fledged autonomous financial assistant.
That is also why we have gladly accepted Grouport as one of the current round co-investors – Grouport is a down-to-earth, hands-on type of fund. It’s not just about the money, it’s about the people and the level of engagement. In reality it’s like having numerous engaged angels at the same time. We find this model attractive.
Spendee is developing a digital financial assistant that reflects the needs of the new user generation. They have demonstrated that they can create a great product with 250 000+ users worldwide, managing their finances on a daily basis. The new generation does not want to be limited by the constraints of the financial institutions. Nor do they want to use financial advisors of various quality. We believe that tech companies can offer better quality services than those offered by incumbent financial institutions. We see that this trend is hitting the financial mainstream. We support the team’s vision and will gladly help along.
Michal Ciffra, Partner
The company Grouport Ventures, a.s., ID No. 07893221, with its registered seat at Plynární 1617/10, Holešovice, 170 00 Prague 7, incorporated in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 24209 (hereinafter the “Company”) provides asset management comparable with management pursuant to section 15 of Act No. 240/2013 Coll., On Investment Companies and Investment Funds, as amended (hereinafter referred to as “ZISIF”). The Company is registered in the register maintained by the Czech National Bank pursuant to section 596 f) ZISIF as a person managing assets pursuant to section 15 para. 1 of the ZISIF. The Czech National Bank does not supervise persons registered in this register and their activities are not subject to supervision by the Czech National Bank. The Company has a reporting obligation in accordance with EU Regulation No. 231/2013 supplementing the European Parliament Directive 2011/61/EU AIFMD. This website is for informational purposes only. The purpose of the website is not an offer or invitation to entrust funds to the Company's management or offer to buy or sell any investment instrument pursuant to ZISIF or Act No. 256/2004 Coll., On Capital Market Undertakings, as amended.
