SavvyMoney Raises $225 Million to Expand Financial Wellness Platform

Financial wellness platform SavvyMoney has raised $225 million in a minority investment co-led by PSG Equity and Canapi Ventures, with continued participation from Spectrum Equity, announced in a press release.

The new funding will support SavvyMoney’s product roadmap and go-to-market initiatives, aiming to enhance its services for over 1,500 partner financial institutions. The company’s platform integrates real-time credit score monitoring, financial wellness tools, and analytics with lending and deposit solutions.

PSG, which manages around $28 billion in assets, said it plans to help SavvyMoney scale its embedded financial wellness and lending tools while advancing AI-driven capabilities. Canapi Ventures, whose limited partners include more than 70 financial institutions, is contributing its expertise in financial services innovation.

Spectrum Equity, an existing investor since 2021, also returned for this round. SavvyMoney’s partner network has nearly doubled since 2021, supported by acquisitions such as CreditSnap, which powers its loan origination and account onboarding products.