Savvy Wealth raises $72m in series B funding to enhance technology and expand network

From Yahoo Finance: 2025-07-03 08:09:00

Savvy Wealth, a digital platform focused on modernizing financial advice, raised $72m in a Series B funding round led by Industry Ventures. New investors like Vestigo Ventures and Euclidean Capital joined, with existing investors also participating, bringing total capital raised to over $100m. The funds will be used to enhance technology, recruit talent, and expand the network of independent advisors. Savvy plans to develop AI tools for personalized client insights. Assets under management have grown to over $2bn, with a 500% increase since early 2024. The firm also strengthened its leadership team. CEO Ritik Malhotra emphasized AI’s role in enhancing, not replacing, advisors.



Read more at Yahoo Finance: Digital platform Savvy Wealth secures $72m in series B funding