Why use Sparkaufen?

Credit is bad for your financial health. More than 42% of people who have used Credit cards and BNPL have missed their instalment at least once. They had to pay a whopping 25-40% interest on the product value. If you are one of the people who have missed a payment, you will know.

Sparkaufen was built to ensure that even savings based purchases are rewarded. We partner with brands to get you the best rewards while you purchase. These rewards are better than the ones you get when you pay for purchases using BNPL.

What type of purchases can happen through Sparkaufen?

Imagine your sister’s birthday is coming up in 2 months. You already know you wanna give her a present but there is no point of making a purchase right away and storing the product with you.

Other scenario is if you are expecting a baby in 8 months, you already know you will want a stroller, a crib and more. Why not then start a savings plan for the purchase with Sparkaufen and enjoy amazing rewards.

What is Sparkaufen?

Sparkaufen is a Berlin based Fintech startup, started by serial entrepreneurs Krishna and Hari. Sparkaufen envisions savings as a payment method for all purchases.

How do I use Sparkaufen?

Using Sparkaufen is easy

1. Select the brand from whom you are planning to make the purchase.
2. If you are a first time user, a mobile linked e-money account will be created in your name automatically.
3. You can define the savings amount (i.e. the amount that you want to spend on the brand) and savings instalments ( Currently we support weekly and monthly plans.)
4. Sparkaufen credits the rewards onto your savings plan after each instalment you make.
5. When you reach your goal, Sparkaufen will generate a virtual prepaid card which you can use to complete your purchase on the merchant's website.

Where is my money deposited and kept until I make a purchase?