Odevo grows with fintech company Monu

May 23, 2022

Founded by Fidelio, Odevo continues to challenge the property and housing management industry. By acquiring the fintech company Monu, Odevo is now taking the step to offer its customers, i.e. property owners and homeowner associations, banking services within saving and lending.

In collaboration with the Odevo companies, Monu has already launched a unique savings account service that gives customers a market-leading interest rate on their surplus liquidity. In less than six months, more than 3 billion SEK has been moved to these savings accounts, which has generated more than 5 million SEK in interest for the customers. Now Odevo and Monu plans to introduce more services, both in Sweden and internationally.

All three Monu founders will remain with the company. Lars Rutegård, the current CEO of Monu, joins Odevo Group Management as Head of Financial Services.

Read more: https://odevo.com/in-the-news/odevo-invests-in-banking-services-with-acquisition-of-fintech-company-monu/

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