Levo
S21
Fintech
Active

Levo

Levo is a high yield savings account for Mexico

Levo is a high yield savings account for Mexico. We aggregate the savings accounts of our users and negotiate significantly better interest rates from other banks on their behalf. There are $65b in savings for which we charge 1.5%, making this a $1b opportunity only in Mexico. The company is founded by Salvador Rivero, former Equities VP Portfolio Manager for BBVA, for which he invested $1.5b USD in Mexico and Latam; and Max Merghentaler 3x founder and CTO of 2 ML companies. To date we have $300k USD AuM, growing at 28% w/w, 64% client retention and 2,516% net AuM retention, we have LOIs with 3 banks. Our main investors are Y Combinator, Magma Partners, Latitud and BackBone Ventures.

Max Mergenthaler

Currently CTO @Levo. I am an Entrepreneur, Senior Manager and Board Member with a strong technical knowledge and more than 7 years building and leading high performing teams. I have co-founded and led two ML Startups. Technology advisor in different advisory boards.Previously I did am academic research in behavioral economics and philosophy.

Max Mergenthaler
Max Mergenthaler
Levo

Salvador Rivero

Born and raised in Mexico City, trained in Political Science and Finance at Sciences Po in France. 9 years experience in the investment industry, invested more than $1.5B USD in Latam equity markets. 3rd time founder and fintech geek.

Salvador Rivero
Salvador Rivero
Levo