SEAL BEACH, Calif. – SaveDaily, a new mutual fund investing platform being marketed to credit unions, yesterday said it raised $3 million in new venture funds.
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The funds are coming from Quail Bend, LLC, a start-up small cap venture fund.
SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. It recently signed a marketing deal with Patelco CU’s Patelcorp.
Credit unions adopting the SaveDaily platform can offer mutual fund investing to their members at low cost under their own brand, the company said. For one flat monthly charge, investors in mutual funds can have unlimited positions and unlimited changes without transaction fees.
