SavvyMoney, a financial wellness technology provider catering to banks, credit unions, and fintech companies, has successfully secured a $225 million minority investment.
This funding round was co-led by PSG and Canapi Ventures, with continued support from Spectrum Equity.
SavvyMoney’s platform offers an array of services, including real-time credit score insights, financial wellness tools, personalized offers, and an analytics suite, integrated within a seamless lending and deposit experience.
Since 2021, the company has nearly doubled its institutional partnerships, now exceeding 1,500, while enhancing its digital banking capabilities through an expanded product lineup. Earlier this year, SavvyMoney acquired CreditSnap, a move that now enables intelligent loan origination, deposit handling, and account onboarding.
JB Orecchia, CEO of SavvyMoney, remarked, “We’ve dedicated years to demonstrating that community banks and credit unions can offer valuable financial wellness tools when partnered with the right provider. This collaboration empowers us to leverage additional resources and expertise, allowing us to further develop our established model and truly prioritize the financial well-being of our customers alongside the objectives of financial institutions.”