Happy Money, a Costa Mesa, Calif.-based fintech company enabling people to break up with their credit cards, closed of a $70m Series D funding.
The round was led by CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group.
The company intends to use the funds to accelerate growth, enable partnerships with credit unions and other ethos-aligned financial institutions.
Led by Scott Saunders, CEO and founder, Happy Money delivers digitally-native financial tools and services for people to break up with their credit cards.
Its marketplace offers a connected ecosystem of consumer financial products designed to help borrowers pay off debt, save money and evaluate their spending patterns.
The company has also developed Happy Score™, an innovative approach to measure financial well being using cash flow, savings, behavioral and psychometric data.
Founded in 2009, Happy Money has over 270 employees and is based in Costa Mesa, California, with offices in New York City. .
Since it was launched, the company has raised over $140m from investors including Anthemis Group, CMFG Ventures, LLC and Toba Capital, among others.