Investing firms PSG Equity and Canapi Ventures led a $225M investment in SavvyMoney, a financial technology company that offers consumer credit score services and digital tools to financial institutions, including credit unions and community banks, The Wall Street Journal’s Maria Armental reports. Private-equity firm Spectrum Equity, which backed SavvyMoney in 2021 alongside publicly traded credit-reporting company TransUnion (TRU), also participated in the latest cash injection, the author added.
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