fwp advises BAWAG P.S.K. on investing in the FinTech start-up Finventum

Vienna, June 2019. Fellner Wratzfeld & Partner Rechtsanwälte GmbH (fwp) is advising BAWAG P.S.K on the acquisition of 49 per cent of Finventum GmbH, the founder of Savity Vermögensverwaltung GmbH (Savity).

In connection with acquiring 49 per cent of Finventum GmbH, BAWAG P.S.K relies on the profound expertise of fwp’s legal experts in the fields of corporate/M&A and banking law.

With this transaction, BAWAG subsidiary easybank AG commences a partnership with the online wealth manager Savity, thus offering its clients access to professional online wealth management starting with a minimum initial asset amount of EUR 10,000.

In this context, Savity focuses, among other things, on the client’s investment experience, income and profit situation, risk appetite and investment horizon, and on this basis prepares a free-of-charge, personalised investment proposal. Once the client has opted for a proposed strategy, an account and securities account are opened upon signing, with the entire registration process being 100% digital. Thanks to this cooperation, easybank AG is not only able to offer wealth management to everyday clients in a digital form, but also to do so at very attractive terms.

Advising on this transaction once more highlights fwp’s strong position as one of Austria’s leading law firms in the fields of corporate/M&A and banking & finance.

fwp’s core team comprised fwp partner Paul Luiki, attorneys-at-law Veronika Seronova and Peter Stiegler and associate Helene Rohrauer.