– SavvyMoney announced a $225 million minority investment co-led by PSG and Canapi Ventures, with continued investment from Spectrum Equity.
– The investment will accelerate SavvyMoney’s product roadmap and go-to-market strategy, serving over 1,500 financial institutions.
– SavvyMoney provides banks, credit unions, and fintechs with data-driven tools to deepen consumer relationships.
– Its integrated platform includes real-time credit score insights, financial wellness tools, personalized offers, advanced analytics, and a seamless lending and deposit experience.
– CEO JB Orecchia highlighted the investment as validation of SavvyMoney’s model for supporting community banks and credit unions.
– PSG, managing $28 billion across 160+ portfolio companies, brings expertise in scaling growth-stage B2B software platforms and enhancing customer engagement.
– Christopher Nesbitt of PSG emphasized SavvyMoney’s leadership in embedding credit insights, financial wellness, and lending solutions into digital banking.
– Canapi Ventures contributes deep financial services innovation experience, with LPs including 70+ financial institutions, providing insight into bank needs.
– Tom Davis of Canapi highlighted SavvyMoney’s impact on personalized credit insights and value for financial institutions.
– Spectrum Equity, first investing in 2021, continues to support the company, while TransUnion, an investor since 2016, remains a strategic partner.
– SavvyMoney has nearly doubled its institutional footprint since 2021 and expanded digital banking capabilities through new offerings and acquisitions like CreditSnap.
