Happy Money Named to 2022 CB Insights Fintech 250 List
Happy Money offers financial products and services to help consumers spend money as a tool for happiness
ORANGE COUNTY, California, 4 October 2022 /PRNewswire/ — CB insight today called Happy money to its fifth annual Fintech 250 rankingwhich showcases the 250 most promising private fintech companies in 2022. Happy Money is a leading technology platform for unsecured lending in collaboration with credit unions and other community-focused financial institutions.
Building on the momentum of one 50 million dollars Series D-1 capital raising and recognition as a fintech unicorn with a valuation of 1.1 billion dollars, the company is also unlocking 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 building its Lending-as-a-Service (LaaS) offering for financial institutions and brands looking to embed financing products and open up new lines of business.
“We are honored that Happy Money has earned a spot on CB Insights’ Fintech 250 list. This achievement validates our goal of developing affordable, accessible financial products and services that help people use money as a tool for their happiness,” so Jeff Winner, CEO of Happy Money. “Our team’s dedication to promoting a happier way to extend credit has resulted in strong growth for Happy Money and our ecosystem of community-focused lending partners, as well as positive impacts in the lives of our members. We will continue to innovate and expand our technology platform now across verticals and lines of business as we realize our vision to transform the lending industry.”
Happy Money was selected as a Fintech 250 winner from over 12,500 private companies, including applicants and nominees. The winners were selected from a research team using the CB Insights platform, based on factors including R&D activity, proprietary Mosaic score, market potential, business relationships, investor profile, news segment analysis, competitive landscape, team strength and technology news.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investments and insurance,” said Brian Lee, SVP of CB Insights’ intelligence unit. “Representing more than 30 countries, these companies are creating safer and more efficient ways to pay, transforming how traditional banking, insurance and investment products are delivered. Together, they not only make financial services more convenient for users, but also make them accessible to more people, especially traditionally underserved populations around the world.”
“Consumers are looking for a happier lending experience — one that makes them and their communities better off,” said Winner. “We’ve helped more than 225,000 members get paid 4.1 million dollars in credit card debt since our inception. We remain committed to building products and services that serve the best interests of consumers, while delivering results for our partners.”
About Happy money
Happy Money is a financial technology company valued above 1.1 billion dollars which offers a lending experience primarily in collaboration 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 major bills to home improvement projects. We believe money can be a tool for happiness; it’s all in how you use it. Through automation and proprietary underwriting models, we customize the lending process, taking a more holistic view of a person’s creditworthiness to offer flexible rates and payment plans that work best for their unique financial situation.
Through our proprietary distribution channels and platforms, we aim to connect our financial partners to become stronger together, help them thrive in an increasingly digital world, and enable them to provide the happier lending experience that customers want. Backed by leading investors, Happy Money has helped more than 280,000 members since its inception – working with lending partners to finance 5.1 billion dollars in loans*. As a fully distributed company, Happy Money hires passionate, purpose-driven talent across the board the United States. For more information, please visit happymoney.com.
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand and make technology decisions with confidence. By combining data, expert insights and work management tools, clients manage their end-to-end technology decision-making process at CB Insights. To learn more, please visit www.cbinsights.com.
SOURCE Happy Money
