Savvy Wealth, a NYC-based digital-first platform for financial advisors, raised an additional $15.5m funding.
The round was led by Canvas Ventures with participation from existing and new investors including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund and Alumni Ventures.
The company intends to use the funds to accelerate the development of its artificial intelligence (AI)-powered technology platform, expand its product and engineering teams, and recruit entrepreneurial advisors to its national affiliate registered investment advisor (RIA), Savvy Advisors.
Led by CEO and Founder Ritik Malhotra, Savvy Wealth is a digital-first platform for financial advisors centered around modernizing human financial advice. Financial advisors who partner with it leverage its integrated technology platform to help build organic growth with enhanced software and sales and marketing automation. Its proprietary technology empowers advisors to scale revenue faster and spend more time with their clients to deliver better outcomes.
In less than two years, Savvy has grown its team to 30 advisors who manage over $700 million in client assets, and is poised to cross the $1 billion in assets under management (AUM) milestone this year with its current trajectory.
FinSMEs
05/08/2024