Happy Money provides financial products and services to help consumers use their money as a tool of happiness
ORANGE COUNTY, Calif., October 4, 2022 /PRNewswire/ — CB Insights today named happy money in its fifth edition Fintech 250 rankingshowcasing the 250 most promising private fintech companies of 2022. Happy Money is a leading technology platform for unsecured lending in partnership with credit unions and other community-focused financial institutions.
Building on the momentum of a $50 million Series D-1 capital raise and recognition as a fintech unicorn with a valuation of $1.1 billion, the company is also opening up new distribution channels for its platform. The company launched a new loan participation platform that will enable lending partners to optimize their balance sheets and is expanding its loan-as-a-service (LaaS) offerings for financial institutions and brands looking to integrate financial products and open up new business areas.
“We are honored that Happy Money has earned a spot on CB Insights’ Fintech 250 list. This achievement validates our mission to develop affordable and accessible financial products and services that help people use money as a tool for their happiness. “, said Jeff Winner, CEO of Happy Money. “Our team’s dedication to advancing a happier way to extend credit has resulted in strong growth for Happy Money and our ecosystem of community-driven lending partners, as well as positive effects in the lives of our members. We will continue to innovate and expand our technology platform to reach all verticals and lines of business as we realize our vision to transform the credit industry.”
Happy Money was selected as a Fintech 250 winner from over 12,500 private companies, including applicants and nominees. The winners were chosen from a research team using the CB Insights platform, based on factors such as R&D activity, ownership Mosaic scores, market potential, business connections, investor profile, news segments analysis, competitive landscape, team strength and technological novelty.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investment and insurance,” said Brian Lee, SVP of CB Insights Intelligence Unit. “Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming the way traditional banking, insurance and investment products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the world.”
“Consumers are looking for a more enjoyable lending experience, one that improves them and their communities,” Winner said. “We’ve helped over 225,000 members repay more than $4.1 million of credit card debt since our inception. We remain committed to creating products and services that best serve the interests of consumers while delivering results to our partners.”
About happy money
Happy Money is a fintech company valued at over $1.1 billion which provides a people-focused lending experience in partnership with credit unions and other community-focused financial institutions. Building on the success of our credit card debt reduction product, The Payoff Loan™, Happy Money also offers personal loans to help people finance their dreams and goals – from big bills to home improvement projects. home. We believe that money can be a tool for happiness; it’s all in how you use it. Through automation and proprietary underwriting models, we personalize the loan process, taking a more holistic view of an individual’s creditworthiness to offer flexible pricing and payment plans that best suit their circumstances. single financial.
Through our exclusive distribution channels and platforms, we aim to connect our financial partners to be stronger together, help them thrive in an increasingly digital world, and enable them to deliver the ultimate lending experience. happier than their customers want. Backed by leading investors, Happy Money has helped over 280,000 members since its inception – working with lending partners to fund $5.1 billion in loans*. As a fully distributed company, Happy Money hires passionate and driven talent across United States. For more information, please visit happymoney.com.
About CB Insights
CB Insights develops software that empowers the world’s best companies to discover, understand and make technology decisions with confidence. By combining data, expert opinion and work management tools, clients manage their end-to-end technology decision-making on CB Insights. To learn more, please visit www.cbinsights.com.
SOURCE Good Money