Happy Money is a Torrance, CA-based platform that partners with credit unions to provide unsecured consumer lending. Led by CEO Joe Heck, the company delivers lending solutions, high-performing assets and national reach to help credit unions strengthen balance sheets and accelerate growth. Through its platform it offers consumers the money they need to achieve their goals while helping credit unions achieve scale and connectivity. The company has helped over 300,000 members and, working with community-focused lending partners, has funded more than $6 billion in loans. It has an employee base of over 200 people across the United States. Following a recent investment, Happy Money plans to use the funds to grow and advance its mission and expand its reach. TruStage’s national sales team will also support efforts to bring the company’s technology platform and lending capabilities to more credit unions nationwide. Happy Money operates a platform for unsecured lending in partnership with credit unions and offers products such as the Payoff Loan to help members consolidate and pay off credit card debt. Loans are funded by a national network of customer-focused lending partners and designed to help members accomplish financial goals. The company has served nearly 205,000 members since inception and employs approximately 400 people across the United States. Founded in 2009, Happy Money is led by CEO Jeff Winner. The company intends to use recent funding to accelerate its growth. Board composition has been updated with Scott Walchek joining alongside existing members including Anjali Kumar, Brian Kaas, Joe Saunders, Sean Park, and Tracy Edkins. Happy Money is a fintech that delivers digitally-native financial tools and services designed to help people ‘break up with their credit cards’ and become savers. Its product ecosystem connects lending, spending, and savings products and includes debt-elimination loans and Happy Score™, a metric using cash flow, savings, behavioral and psychometric data. The company helps members evaluate “happy” and “sad” spending patterns and has helped 70,000 members pay off over $1 billion in credit card debt. Happy Money reports it has crossed $1 billion in aggregate debt elimination loans and highlights capital efficiency in achieving that milestone. It focuses on partnerships with credit unions and mission-aligned financial institutions and has formed a strategic partnership with CUNA Mutual’s national sales force to expand distribution. Founded in 2009, the company is based in Costa Mesa, California, with an office in New York City and employs over 270 people.

Total raised

$120M

Funding rounds

3

Latest round

Series D

Latest activity

Feb 2022