Happy Money, a platform for unsecured lending in partnership with credit unions, has closed a $50m Series D-1 funding round.
The capital was raised from investors including Anthemis Group and CMFG Ventures and sees the company join the ranks of FinTech unicorns with a pre-money valuation of $1.1bn.
Happy Money collected $70m in its Series D round of funding back in 2019, in a round led by CMFG Ventures, the venture capital arm of CUNA Mutual Group.
Founded in 2009, Happy Money is a financial technology company on a mission to develop and deliver affordable, accessible financial tools and services that empower people to use money as a tool for their happiness. Members benefit from loans funded by a national network of customer-focused lending partners and designed to help them accomplish their goals.
The FinTech’s offering includes the Payoff Loan, which helps members consolidate and pay off credit card debt and experience less financial stress.
Jeff Winner, CEO of Happy Money, said, “Our growth trajectory and latest capital raise reflect the strength of our business and team – and demonstrate investors’ continued confidence in Happy Money’s ability to grow rapidly.
“This funding positions us to accelerate development and expansion of our products, including an end-to-end lending API, and deepen our partnerships.”
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