SavvyMoney, a leading provider of financial wellness and growth solutions for banks, credit unions and FinTechs, has raised $225m.
The funding was co-led by PSG and Canapi Ventures, with continued backing from Spectrum Equity.
The new investment will support SavvyMoney’s plans to accelerate its product roadmap and enhance go-to-market initiatives. This move will help the company strengthen its position as a trusted partner to more than 1,500 financial institutions, enabling it to expand capabilities and reach across the financial services landscape.
Based in the US, SavvyMoney offers an integrated platform that delivers real-time credit score insights, financial wellness tools, personalised financial offers, and advanced analytics. Its solutions are designed to help financial institutions deepen customer relationships and provide seamless lending and deposit experiences that drive engagement and growth.
The funding will be used to advance SavvyMoney’s innovation strategy, expand its product suite, and enhance its embedded financial wellness and lending solutions. The company also plans to further integrate artificial intelligence to help financial institutions deliver more tailored credit experiences and improve customer outcomes.
SavvyMoney CEO and president JB Orecchia said, “This is the kind of validation every CEO hopes for. We believe PSG and Canapi didn’t just see an investment opportunity. They saw a company that’s genuinely transforming how financial institutions connect with their customers. We’ve spent years proving that community banks and credit unions can deliver value-driving financial wellness tools when they have the right partner. 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 managing director Chris Nesbitt said, “In our view, SavvyMoney is leading the market in embedding credit score insights, financial wellness tools, and lending solutions directly into the digital banking experience. We’re excited to partner with the team as they continue to expand their suite of innovative products and seek to harness AI to deliver even greater revenue opportunities to financial institutions and their customers.”
Canapi Ventures general partner Tom Davis added, “SavvyMoney is raising the bar for personalised credit insights in digital banking. Purpose-built for financial institutions and with strong validation from our bank ecosystem, SavvyMoney delivers tangible value for its customers. It is exactly the kind of team we are proud to partner with.”
Spectrum Equity, which first invested in SavvyMoney in 2021, returned for this round, underscoring its continued confidence in the firm’s leadership and growth trajectory. TransUnion, an early investor from 2016, remains a strategic partner and shareholder.
Since 2021, SavvyMoney has nearly doubled its institutional footprint to over 1,500 partners and expanded its digital banking offerings through acquisitions such as CreditSnap, which powers intelligent loan origination, deposit, and account onboarding solutions.
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