US-based fintech Happy Money has raised $70 million in Series D funding round.
The firm said its hopes to use the investment to boost its partnerships with credit unions and grow its ethical mission.
The funding, led by CMFG Ventures, LLC, will help more members pay off debt, save money and evaluate their “happy” and “sad” spending patterns.
Happy Score is one of the service’s features. It measures financial wellbeing using cash flow, savings, behavioural and psychometric data.
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Scott Saunders, Happy Money founder said, “This successful fundraise is a direct validation of the movement and ultimately strengthens our position against what we call ‘Sad Money’,”
He added that “Mindful capitalism is the future, and we’re leading the charge.”