SavvyMoney, a leading provider of financial wellness and growth solutions for banks, credit unions, and fintechs, announced a $225 million minority investment co-led by PSG and Canapi Ventures, with continued participation from Spectrum Equity. The round marks a significant milestone in SavvyMoney’s evolution, accelerating its product innovation and market expansion efforts to serve its growing network of more than 1,500 financial institutions.
The new funding will enable SavvyMoney to advance its integrated platform, which combines real-time credit score monitoring, financial wellness tools, personalized offers, and analytics to deliver an intuitive lending and deposit experience. By embedding credit and financial wellness insights directly into digital banking, SavvyMoney empowers consumers to take more confident financial actions while helping institutions deepen engagement and drive growth.
The investment brings together two powerhouse growth investors with complementary expertise. PSG, which manages about $28 billion in assets and has backed over 160 companies, will support SavvyMoney with deep operational and software scaling experience. Canapi Ventures, whose limited partners include more than 70 financial institutions nationwide, brings an extensive understanding of the financial services ecosystem and the needs of banks and credit unions as they adapt to new technologies.
SavvyMoney’s continued expansion follows several years of strong growth. Since 2021, the company has nearly doubled its institutional partnerships and strengthened its digital banking ecosystem through acquisitions, including CreditSnap, a platform that enables intelligent loan origination, deposits, and account onboarding. The company continues to benefit from a long-standing strategic partnership with TransUnion, an investor since 2016.
With this new capital infusion, SavvyMoney plans to invest in next-generation AI capabilities, expand its product suite, and continue integrating with more digital banking platforms. These initiatives align with its mission to make financial wellness accessible to consumers while creating measurable growth opportunities for financial institutions of all sizes.
KEY QUOTES:
“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 center of everything you do.”
JB Orecchia, Chief Executive Officer and President, SavvyMoney
“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.”
Chris Nesbitt, Managing Director, PSG
“SavvyMoney is raising the bar for personalized 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.”
Tom Davis, General Partner, Canapi Ventures
