Growney cooperates with Edeka
Lars-Thorben Niggehoff
| 17.08.2022
The fintech launches an ETF savings card together with the supermarket chain.
The supermarket chain Edeka and the robo-advisor Growney will offer an ETF savings card in the future. This will be available for purchase in around 2,700 markets and will have a value of 25 to 30 euros. Customers will then be able to redeem them online at Growney and invest in ETF savings plans, i.e. broadly diversified equity funds. Similar to cards from providers such as Apple or Android, they are also to be transferable, meaning they can also be sold as gifts.
"The cooperation with Edeka is an opportunity to offer retirement savings or savings plans directly to millions of people," says Thimm Blickensdorf of Growney's management team. The fintech, founded in 2014, manages money for private and corporate customers, including with the help of a self-developed robo-advisor. Last fall, Lloyd Fonds AG joined Growney with the goal of organizing partnerships. That now seems to have succeeded.
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