Oval combines expense tracking, automated saving and investing into a single AI-driven mobile app and adds a social element for users to share tips and strategies. The app supports 'round-ups', percentage-based savings, and fixed-amount savings tied to merchants, categories or tags. Oval aims to make saving virtually automatic and to harness collective intelligence from its user community alongside algorithmic recommendations. During its closed beta, users saved on average just over £400 over three months (about £135 per month), and the company reports users improve their saving behavior over time. Financially, Oval has raised €1.2M in funding to support product development and growth. Founding team members include CEO Benedetta Arese Lucini, co-founders Claudio Bedino and Edoardo Benedetto, and CTO Simone Marzola.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2017