Your money is safe with Lodavo

Lodavo is built so that your money stays yours. We connect to your bank read-only, we never hold or move a cent, and every weekly draw can be checked. Here is 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 we 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.

Your login stays private

Your bank login goes to Plaid, not Lodavo, so we never see your password.

Bank-grade encryption

Your connection is encrypted, the same as any secure app.

Read-only access

The connection can view your balances, never move your money.

Disconnect anytime

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 cannot be changed after the fact and any outcome can be independently verified. See exactly how on our provably fair page.

Lodavo is not a bank

We want to be clear about this. Lodavo is not 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. We can see your balance to award tickets, but we can never move, hold, or withdraw a cent. Your money stays in your own account.

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 is not a bank or a savings account and 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

Turn your savings into chances to win

Lodavo is free. Connect your bank, keep saving where you already do, and earn tickets into every weekly draw.

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