Savvy, a New York-based wealth management company, raised $7.3M in funding.
The round was led by Index Ventures and Thrive Capital with participation from the founders of ICONIQ, Plaid, Instacart, Figma, Opendoor, Flexport, Newfront, and EPIQ, as well as Jordan Park, A* Capital, Box Group, Operator Partners, GFC, and more.
The company intends to use the funds to acquire wealth management firms, hire wealth managers, grow the product development team, and invest in research and development.
Founded by Ritik Malhotra and Muller Zhang, Savvy is a wealth management firm that provides wealth managers with enhanced software, sales and marketing automation, and back office servicese. Its team is dedicated to providing growth opportunities for wealth managers by building software that drives automation and efficiency so wealth managers can focus on services and growing their client base and assets under management.
As Savvy grows, it plans to establish itself as an all-in-one technology-powered financial services firm by introducing a myriad of additional products including brokerage, banking, asset management, and financial products.
FinSMEs
25/02/2022