Savvy Wealth, the nation’s leading advisors and firms—backed by modern technology—to change the future of wealth management officially announced a $26.5 million Series A funding round, led by Canvas Ventures with participation from Thrive Capital, Index Ventures, The House Fund, Alumni Ventures, Brewer Lane Ventures, and others, marking a significant step forward in becoming a digital-first platform and RIA for financial advisors everywhere.
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With this new infusion of capital, Savvy Wealth is setting a course to accelerate the development of our proprietary tech platform for advisors and their clients, grow our marketing support engine with lead generation automation and dedicated, in-house expertise, and expand our talented product, engineering, and business development teams.
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“As advisors increasingly pursue independence, we see a strong opportunity to partner with the ones who want to provide their clients with a modern, tech-driven experience,” said Founder & CEO Ritik Malhotra. “The human relationship between advisors and their clients is what matters most—we empower advisors with purpose-built technology to transform client relationships and scale their practices exponentially.”
“Following investments I made in Future Advisor (acquired by BlackRock) and Check (acquired by Intuit), I’ve been waiting to see a company like Savvy Wealth, where AI technology minimises operational overhead for investment advisors, who are weighed down by archaic processes and mountains of administrative work,” said Rebecca Lynn, co-founder and general partner at Canvas Ventures, in a statement Monday.
About Savvy Wealth
Founded in 2021, Savvy Wealth, Inc. is a technology-driven wealth management firm with an emphasis on building software to drive automation and efficiency for wealth managers so they can focus on what truly matters —quality time with clients. Savvy Wealth is able to grow rapidly by acquiring traditional wealth management firms and supercharging them with Savvy Wealth Inc.’s software to make them dramatically more efficient and support more clients without adding additional headcount.
