SavvyMoney, a US-based provider of financial wellness and growth solutions, has secured a US$225 million minority investment co-led by PSG and Canapi Ventures, with continued support from Spectrum Equity.
The funding will support the company’s product development and go-to-market initiatives, serving its network of over 1,500 financial institutions.
SavvyMoney works with banks, credit unions, and fintechs to provide data-driven tools, including real-time credit score insights, financial wellness features, personalised offers, and analytics, integrated with lending and deposit services.
“This is the kind of validation every CEO hopes for,”
said JB Orecchia, CEO and President of SavvyMoney.
“This partnership gives us the resources and expertise to build on our proven model and show what’s possible when you put customer financial well-being and the financial institution’s goals at the centre of everything you do.”
PSG, which manages around US$28 billion across more than 160 portfolio companies, focuses on scaling growth-stage B2B software platforms.
Canapi Ventures, with extensive experience in financial services innovation and limited partners including more than 70 financial institutions, also participated.
Spectrum Equity, which first invested in SavvyMoney in 2021, returned for this round, while TransUnion, an investor since 2016, remains a strategic partner.
Featured image credit: Edited by Fintech News Switzerland, based on image by diloka107 via Freepik
