SavvyMoney Raises $225M to Boost Financial Wellness Platform

SavvyMoney, a financial wellness technology provider serving banks, credit unions, and fintech firms, has received a $225 million minority investment. The funding round was co-led by PSG and Canapi Ventures, with continued support from existing investor Spectrum Equity.

The company offers a platform that integrates real-time credit score insights, financial wellness tools, personalized offers, and analytics to enhance lending and deposit experiences. Since 2021, SavvyMoney has nearly doubled its network to more than 1,500 institutional partners while broadening its digital banking capabilities through new product developments.

Earlier in the year, SavvyMoney acquired CreditSnap, a move that enabled the firm to enhance its intelligent loan origination, deposit, and account onboarding functions.

Commenting on the investment, SavvyMoney CEO JB Orecchia said the company's growth reflects the potential for community banks and credit unions to deliver impactful financial wellness solutions "when they have the right partner." He added that the new partnership will provide the resources to further develop its model and align customer well-being with institutional goals.