When saving with SaveLend Fixed, you are covered by our built-in capital protection. This means that even if, against the odds, SaveLend ends up insolvent, your savings are not lost. With SaveLend Fixed, your money is invested in a range of loans with various borrowers, and it is you, not SaveLend, that the borrowers are obliged to repay the money to. Regardless of what happens with SaveLend, you as an investor have the right to receive repayments and interest as usual from the borrowers. Your capital is never counted as an asset for SaveLend and thus does not risk being included in the bankruptcy estate should SaveLend go bankrupt. This also means that with us there is no upper limit of SEK 1,050,000 for capital protection, as there is for accounts protected by the Deposit insurance.

Why doesn't SaveLend offer a State Deposit Insurance scheme?

Only accounts with credit institutions (i.e. banks and credit market companies) are covered by the State Deposit insurance. As SaveLend is not a bank or a credit market company, it is unfortunately impossible for us to offer this guarantee. However, this does not mean that your capital is unsafe with SaveLend, because of the model of a built-in capital protection.

Your money at SaveLend is protected differently depending on whether the capital is invested or not:

Non-invested capital

As SaveLend is a payment institution, we are required by law to always protect investors' money by keeping it in an account, completely separate from SaveLend's operations. We have no right to the capital even if we end up insolvent. This therefore applies if, for example, you have put money into the platform but have not yet chosen how it will be invested, or if the Fixed Interest Account has not yet been activated.

Invested capital

When you start using SaveLend's savings platform, the money is automatically invested for you as a customer. This also applies when you use the Fixed Interest Account. Once the money is invested, it is protected in such a way that you (and not SaveLend) have a direct right to your money vis-à-vis the person or company with whom the money was invested, as the loan agreement is written between lender and borrower. If SaveLend goes bankrupt, that right is not affected at all. Your capital is never counted as an asset for SaveLend and thus does not risk being included in the bankruptcy estate should SaveLend go bankrupt.

 

SaveLend has existed for ten years, is under the supervision of the Financial Supervisory Authority through several permits and is listed on Nasdaq First North. So, our business is under full transparency and control.