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- Savvy Wealth Secures $26.5 Million Series A
Savvy Wealth Secures $26.5 Million Series A
Savvy Wealth, a digital platform for financial advisors, has raised an additional $15.5 million, completing its $26.5 million Series A round. Led by Canvas Ventures, this funding aims to modernize wealth management with advanced AI tools.
Funding: Other investors include Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures. Since its inception in 2021, Savvy Wealth has secured over $33 million in venture capital.
AI Innovation: Savvy Wealth’s AI technology cuts operational overhead for advisors, tackling inefficiencies from outdated processes.
Rapid Growth: In just two years, Savvy Wealth expanded to 30 advisors managing over $700 million in assets. It’s on track to surpass $1 billion in assets this year.
Comprehensive Tools: Savvy Wealth's AI-driven tools include an AI-powered CRM, digital client onboarding, integrated marketing, and automated investment management for tax loss harvesting, rebalancing, and asset allocation, all designed to streamline operations for financial advisors.
With significant growth and a focus on innovative technology, Savvy Wealth is set to impact the wealth management sector.