About Happy Money
Happy Money is a company based in Torrance (United States) founded in 2009 by Scott Saunders.. Happy Money has raised $342.91 million across 15 funding rounds from investors including FirstMark, Anthemis Group and CMFG Ventures. The company has 395 employees as of December 31, 2022. Happy Money offers products and services including The Payoff Loan. Happy Money operates in a competitive market with competitors including Self, Kikoff, MeetAva, Aura and ModernLend, among others.
- Headquarter Torrance, United States
- Employees 395 as on 31 Dec, 2022
- Founders Scott Saunders
- Stage Unicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Happy Money, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$342.91 M (USD)
in 15 rounds
-
Latest Funding Round
$145.58 M (USD), Series E
Dec 28, 2023
-
Investors
FirstMark
& 7 more
-
Employee Count
395
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Happy Money
Happy Money offers a comprehensive portfolio of products and services, including The Payoff Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loan for paying off debt and funding personal financial goals.
Unlock access to complete
Unlock access to complete
Funding Insights of Happy Money
Happy Money has successfully raised a total of $342.91M across 15 strategic funding rounds. The most recent funding activity was a Series E round of $145.58 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Series E — $145.6M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series E - Happy Money | Valuation |
investors |
|
| Feb, 2022 | Amount | Series D - Happy Money | Valuation | Anthemis Group , CMFG Ventures |
|
| Sep, 2019 | Amount | Series D - Happy Money | Valuation | CMFG Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Happy Money
Happy Money has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include FirstMark, Anthemis Group and CMFG Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early and growth-stage startups are funded by Anthemis Group.
|
Founded Year | Domain | Location | |
|
Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
|
Founded Year | Domain | Location | |
|
Stage-agnostic investments are conducted by Toba Capital in US companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Happy Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Happy Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Happy Money Comparisons
Competitors of Happy Money
Happy Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Self, Kikoff, MeetAva, Aura and ModernLend, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Credit builder loans are facilitated via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Credit builder loans are offered via an online platform.
|
|
| domain | founded_year | HQ Location |
Online platform for credit builder loans
|
|
| domain | founded_year | HQ Location |
Online platform for credit-building loans and investor bonds.
|
|
| domain | founded_year | HQ Location |
Offers credit builder loans to help individuals improve their credit scores.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Happy Money
Frequently Asked Questions about Happy Money
When was Happy Money founded?
Happy Money was founded in 2009.
Where is Happy Money located?
Happy Money is headquartered in Torrance, United States. It is registered at Torrance, California, United States.
Who is the current CEO of Happy Money?
Jeff Winner is the current CEO of Happy Money.
Is Happy Money a funded company?
Happy Money is a funded company, having raised a total of $342.91M across 15 funding rounds to date. The company's 1st funding round was a Series D of $70M, raised on Jun 01, 2009.
How many employees does Happy Money have?
As of Dec 31, 2022, the latest employee count at Happy Money is 395.
What does Happy Money do?
Financial planning company offering personal loans. It advises users to manage claims, debts and assists in planning for loan payments by setting aside funds as savings. It also develops customized plans for the future of the user. It offers modules for loans to repay credit card debt, and an app to enable people to save and spend money by analyzing and conducting personality, stress, and cash flow assessments to help borrowers manage their finances and debt.
Who are the top competitors of Happy Money?
What products or services does Happy Money offer?
Happy Money offers The Payoff Loan.
Who are Happy Money's investors?
Happy Money has 8 investors. Key investors include FirstMark, Anthemis Group, CMFG Ventures, Toba Capital, and Arkadi Kuhlmann.
What is Happy Money's valuation?
The valuation of Happy Money is $1.1B as of Feb 2022.