Happy Money’s $70 Million Series D Financing Round

Fenwick & West represented Happy Money in the transaction.

Happy Money closed a $70 Million Series D financing.

CMFG Ventures, the venture capital entity of CUNA Mutual Group, led the round.

This round of funding will accelerate Happy Money’s growth and further enable partnerships with credit unions and other ethos-aligned financial institutions.

In addition to this investment, Happy Money has formed a strategic partnership with CUNA Mutual’s national sales force, which has a product relationship with over 95 percent of all credit unions in the United States. With credit unions playing a critical role in the company’s long-term vision, this collaboration expands Happy Money’s relationships with existing financial partners.

Happy Money is the fintech company enabling people to break up with their credit cards. Happy Money’s current product ecosystem helps members pay off debt, save money and evaluate their “happy” and “sad” spending patterns. Happy Money has also developed Happy Score™, an innovative approach to better measure financial well being using cash flow, savings, behavioral and psychometric data.

Since it was launched in 2009, Happy Money has raised over $140 million from investors including Anthemis Group, CMFG Ventures, LLC and Toba Capital, among others.

Fenwick represented Happy Money with a team led by corporate partner David Bell (Picture) and associates Alexandra Wood, Yael Perl and Lisa Richards.

Involved fees earner: David Bell – Fenwick & West LLP; Yael Li-Ran Perl – Fenwick & West LLP; Lisa Richards – Fenwick & West LLP; Alexandra Wood – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Happy Money;

Author: Ambrogio Visconti