Happy Money, a Torrance, CA-based platform for unsecured lending in partnership with credit unions, received an investment of undisclosed amount.
TruStage Ventures and other major institutional investors participated in the funding. The transaction is expected to close by end of year 2023 subject to regulatory approvals.
The company intends to use the funds to grow and advance its mission.
Led by Joe Heck, CEO, Happy Money partners with credit unions to offer consumers the money they need to achieve their goals while simultaneously helping those credit unions achieve scale and connectivity. Through its platform, the company delivers lending solutions, high-performing assets, and national reach to help credit unions strengthen their balance sheets and accelerate growth.
In addition to financial and strategic backing, TruStage’s national sales team will bolster efforts to bring Happy Money’s technology platform and lending capabilities to more credit unions nationwide.
Happy Money has helped over 300,000 members since inception – working with community-focused lending partners to fund more than $6 billion in loans. The company has an employee base of over 200 people across the United States.
FinSMEs
19/11/2023