Lodavo is a free mobile application that offers prize-linked savings, a model in which users can win cash prizes by saving money. The app is designed to encourage regular saving habits by providing users with tickets for weekly cash prize draws. The number of tickets a user receives increases with the amount saved. Lodavo is currently active in Canada and is being prepared for launch in the United States on a state by state basis, with a waitlist available for interested users. The app operates without holding or moving user funds. It tracks savings activity through connected bank accounts, so money remains in the user's existing bank account at all times. Users can monitor their progress within the app, and the service supports connections to a wide range of financial institutions, including large banks and local credit unions, through the Plaid network. Lodavo states that all data is protected with bank grade encryption, and that prize draws are provably fair. In Canada, the service reports over one thousand users, more than two million dollars in user savings, and over one million free tickets earned. The app is rated 4.7 on both the App Store and Google Play. No purchase is necessary to participate, and the service is void where prohibited. For US users, joining the waitlist provides one hundred bonus tickets upon account creation at launch.