Your money is safe with Lodavo

Lodavo is built so that your money stays yours. You connect your bank read-only, Lodavo never holds or moves a cent, and no weekly draw can be rigged. Here's exactly how that works.

Your money never leaves your bank

Your savings stay in your own bank account, exactly where they have always been. Lodavo reads your balance to award tickets, but it can never hold, move, or withdraw your money. There’s no Lodavo account that your money flows into.

How you connect, powered by Plaid

Lodavo links to your bank using Plaid, the secure service behind thousands of financial apps. It means your banking credentials never touch Lodavo.

Where your bank login actually goes

You

Type your bank login into Plaid's own screen, not a Lodavo one.
Plaid

Passes it straight to your bank, encrypted, and doesn't keep it.
Your bank

Checks the login, then returns a read-only feed.
Lodavo

Gives you free draw tickets for what you saved that week.

Your banking password never reaches Lodavo, and no instruction can travel back to your bank, so the connection has no way to move money.

You can unlink any account at any time, right from the app.

We never sell your data

We don’t sell your personal data. Lodavo is free because companies pay us a referral fee when you choose a product you like, not because we sell what we know about you. You can read the details in our privacy policy.

Every draw is provably fair

Each weekly draw is locked in before anyone picks a number, so the result can’t be changed after the fact and any outcome can be independently verified. See exactly how on our provably fair page.

Lodavo isn’t a bank

We want to be clear about this. Lodavo isn’t a bank or a savings account, and it pays no interest. Because your savings stay in your own bank account, they remain protected by that bank’s deposit insurance, on the same terms as before. Lodavo never holds your money in the first place.

Made in Montreal, Canada

Lodavo is built in Montreal by a Canadian team. Learn more about us, or get in touch if you have a question about your security.

Common questions about your money

Can Lodavo move or touch my money?

No. Lodavo connects to your bank read-only through Plaid. Your tickets follow what you save, and we can never move, hold, or withdraw a cent.

Do you sell my data?

No. We don’t sell your personal data. Your bank login goes through Plaid, not Lodavo, so we never see your banking password.

Is Lodavo a bank?

No. Lodavo isn’t a bank or a savings account, and it pays no interest. Your savings stay in your own bank and are protected there, on that bank’s terms.

Is my money safe?

Your money never leaves your own bank account, so it stays as safe as it has always been. You can disconnect Lodavo at any time, right from the app.

Canada’s first prize-linked savings app

The more you save, the more chances you get to win

Lodavo is free. Keep saving at the bank you already use, and earn free tickets in every weekly draw.

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