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Savvymoney Announces $45 Million Growth Investment Led By Spectrum Equity

Jan 25, 2022•over 3 years ago

Amount Raised

$45 Million

Pleasanton

Description

SavvyMoney, a fintech innovator in the consumer credit score space serving 796 financial institutions, today announced it has raised $45 million from Spectrum Equity, a leading growth equity firm. TransUnion, an existing investor and strategic partner, also participated in the round.

Company Information

Company

Savvy Money

Location

Pleasanton, California, United States

About

The company has grown rapidly by focusing on the specific needs of financial institutions and their end consumers. With this round of funding, the company plans to invest in new product development and talent, including expanding operations, HR, sales, marketing, and engineering teams. For over 25 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading Internet-enabled software and information services companies. SavvyMoney enables banks and credit unions to better serve their customers with comprehensive credit score analysis, full credit reporting, monitoring, financial wellness tools, and personalized pre-qualified loan offers - all in one single dashboard. SavvyMoney has strategic partnerships and direct integrations with 34 digital banking platforms, reaching over 20 million consumers through its partner financial institutions. SavvyMoney provides an integrated credit report and score solution right into financial institutions' online and mobile banking. About SavvyMoney SavvyMoney is an award-winning fintech company that works with 796 financial institutions.

Funding Insights

Based on industry data
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