SaverLife, a San Francisco, CA-based 501(c)3 nonprofit fintech company that allows working families to save money, has launched its SaverLife Solutions with a $1.5m investment from Prudential Financial.
The new funding will enable the company to expand SaverLife Solutions across the US.
Led by President & CEO Leigh Phillips, SaverLife leverages partnerships with employers, financial institutions, and nonprofits to offer a digital savings platform that empowers people to contribute to their savings, set personal goals, access financial education resources, win prizes, and earn matched savings rewards.
Seed funding for the earlier year long SaverLife Solutions pilot program was provided by the Annie E. Casey Foundation, Mastercard Center for Inclusive Growth, and Prudential Financial. It reached 392,000 people through employers, credit unions, and community based organizations.
SaverLife Solutions partners include Levi Strauss’ Red Tab Foundation, Tailored Brands, Patelco, HCA Healthcare, Alorica, Concentrix, and BECU.