Tech Expertise and AI Resources Contribute to $225M Minority Investment in SavvyMoney

SavvyMoney, a leading provider of financial wellness and growth solutions, has secured a $225 million minority investment co-led by PSG and Canapi Ventures, with continued support from Spectrum Equity. The investment will fuel the company's product roadmap and go-to-market efforts, enabling it to better serve its community of over 1,500 financial institutions.

SavvyMoney has been instrumental in helping banks, credit unions, and fintechs enhance consumer relationships through data-driven innovation. With a rapidly growing market presence, the company aims to expand its portfolio potential. Its integrated platform offers real-time credit score insights, financial wellness tools, personalized offers, advanced analytics, and a seamless lending and deposit experience.

CEO JB Orecchia expressed excitement about the partnership, emphasizing the potential to further transform how financial institutions engage with customers. PSG and Canapi Ventures bring valuable expertise to position SavvyMoney for continued growth, with PSG focusing on scaling B2B software platforms and Canapi Ventures offering deep insight into financial services innovation. Spectrum Equity's return investment underscores confidence in the company's leadership and growth strategy.

The company has significantly expanded its institutional footprint and digital banking capabilities since 2021, including strategic acquisitions such as CreditSnap. Raymond James and Goodwin Procter LLP advised SavvyMoney in the transaction, while William Blair and Latham & Watkins LLP supported PSG. For more information, visit www.savvymoney.com.