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- Savvy Wealth Secures $15.5M to Advance AI-Powered Financial Advisor Platform
Savvy Wealth Secures $15.5M to Advance AI-Powered Financial Advisor Platform
Slice of Finance Team
13 Aug
Key Highlights:
$15.5M in funding led by Canvas Ventures, closing a $26.5M Series A round.
AI-powered technology to enhance advisor efficiency and client experience.
Recruiting entrepreneurial advisors and expanding product and engineering teams.
Savvy's platform cuts non-revenue-generating tasks by up to 90%.
Source (Business Wire)
Notable Quotes:
“Ritik Malhotra and his team have a proven track record of building fast-growing businesses, having sold his previous companies to Box and Brex. We are excited to be a part of their growth journey.”
“The human relationship between advisors and their clients is what matters most, and advisors need more time to focus on high-value activities.”
“The way Savvy Wealth integrates advisor and client needs into its product and engineering roadmap is highly impressive. I am proud to support its efforts to shape the future of wealth management.”
Our Take:
Savvy Wealth’s latest funding round underscores the growing demand for AI-driven solutions in the wealth management industry. By streamlining operational processes, Savvy is not just enhancing advisor efficiency but also fundamentally transforming the client-advisor relationship. As the industry increasingly leans towards independence and tech-driven solutions, Savvy Wealth is well-positioned to lead the charge with its robust platform and strategic approach to advisor support. The involvement of high-profile investors and advisors further solidifies its potential to reshape the future of financial advisory services.