Happy Money, an Orange County, CA-based platform for unsecured lending in partnership with credit unions, raised $50M in Series D-1 funding.
The round was led by Anthemis Group and CMFG Ventures.
The company intends to use the funds to accelerate its growth.
Led by CEO Jeff Winner, Happy Money is a fintech company advancing and delivering accessible financial tools and services such as the Payoff Loan, which helps members consolidate and pay off credit card debt. Loans funded by a national network of customer-focused lending partners and designed to help them accomplish their goals.
Happy Money has serves nearly 205,000 members since inception. Founded in 2009, the company has an employee base of approximately 400 people across the United States.
The capital raise follows technology veteran Jeff Winner’s appointment as permanent CEO and Board member. Prior to Happy Money, Winner held leadership roles at Twitter and Stripe, and was the Chief Technology Officer for Marcus, Goldman Sachs’ Consumer Business, where he led the development of the Apple Card and pioneered the first cloud-based Goldman Sachs product.
In addition to Jeff Winner, Scott Walchek, Founder and CEO of Trōv, recently joined the Board alongside existing members: Anjali Kumar, former General Counsel and Head of Social Innovation, Warby Parker; Brian Kaas, Managing Director, CMFG Ventures; Joe Saunders, former CEO, Visa; Sean Park; and Tracy Edkins.
FinSMEs
09/02/2022