Happy Money raises $50 million

Happy Money, the fintech company helping people break up with their credits cards, has raised $50 million from CMFG Ventures and Anthemis Group . This latest round gives Happy Money a pre-money valuation of $1.1 billion.

Happy Money helps members pay off debt, save money and evaluate their “happy” and “sad” spending patterns. It partners with lenders such as credit unions, giving them access to “next-generation” members who want to eliminate credit card debt via a Payoff Loan.

“Our growth trajectory and latest capital raise reflect the strength of our business and team – and demonstrate investors’ continued confidence in Happy Money’s ability to grow rapidly. This funding positions us to accelerate development and expansion of our products, including an end-to-end lending API, and deepen our partnerships.” – Jeff Winner, CEO of Happy Money.

“Anthemis invests in the next generation of fintech leaders like Happy Money that share our values of diversity, inclusivity, and customer-centric innovation. Happy Money has a proven track record of delivering a lending experience that benefits its partners and consumers alike, and I can’t wait to see all they will accomplish in the years to come.” – Sean Park, Founder of Anthemis Group.