SavvyMoney Announces Funding Round and Strategic Partnership with TransUnion

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Sep 23, 2016, 08:20 ET

PLEASANTON, Calif., Sept. 23, 2016 /PRNewswire/ -- SavvyMoney, a leading provider of credit information services for bank and credit union users, announces the closing of a Series D funding round and a strategic partnership with TransUnion (NYSE: TRU). The round was led by TransUnion, a global leader in information solutions, including credit monitoring and identity protection. Previous investors including TB Capital LLC and Tugboat Ventures, LLC also participated in the round.

Consumers have come to expect personalized credit information services from their financial institutions. SavvyMoney enables financial institutions to meet and exceed these expectations by integrating credit scores into online banking. The SavvyMoney solution provides a credit score, credit monitoring and factors influencing the credit score, along with special personalized loan and financial recommendations based on their credit score.

Utilizing its previous relationship with TransUnion, SavvyMoney created innovative services for credit unions and their members. Under the new strategic partnership, TransUnion will help SavvyMoney expand its distribution and address unmet needs in the financial services industry. As part of the round, Dao Boyle, senior vice president at TransUnion Consumer Interactive, will join SavvyMoney's board.

"We have always been impressed with SavvyMoney's product and capabilities," said Boyle. "Partnerships such as ours offer financial institutions reliable innovation and opportunity."

"TransUnion has been a great partner to collaborate with since the beginning of our partnership," said JB Orecchia, president and CEO of SavvyMoney. "They share our vision of helping consumers better manage their credit while helping financial institutions deepen their relationships with their members and customers."

About SavvyMoney
At SavvyMoney, we empower consumers to take control of their financial future with easy to understand actionable advice about their credit. We do this by partnering with credit unions, financial institutions and digital banking providers to deliver integrated insightful solutions that help deepen their relationship with their members and customers. www.savvymoney.com

About TransUnion (NYSE: TRU)
Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
We call this Information for Good. www.transunion.com

SOURCE SavvyMoney