Savvy Wealth, a digital platform aimed at modernising human-centric financial advice, has raised $72m in a Series B funding round led by Industry Ventures, a venture capital firm.
This round also welcomed new investors, including Vestigo Ventures, founded by former LPL Financial CEO Mark Casady, who will join Savvy’s board of directors, and Euclidean Capital.
Existing investors such as Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures, and former Focus Financial executive Vamsi Yadlapati also participated, bringing Savvy’s total capital raised to over $100m. It completed its Series A round in August 2024.
Industry Ventures managing director Brian Langner said: “The growing tailwinds for digital transformation and generative AI, paired with Ritik’s experience and grit as a technology entrepreneur, is a perfect fit for our mandate at Industry Ventures.”
Savvy plans to utilise the new funds to enhance its core technology, recruit top technical talent, and expand its network of independent advisors through its affiliate, Savvy Advisors.
Additionally, the firm aims to accelerate the development of AI tools to create personalised client knowledge bases, delivering predictive insights tailored to individual financial needs.
Savvy has added nearly $500m to its assets under management (AUM) in 2025 so far, marking a 500% increase since early 2024.
The firm has also strengthened its leadership team with key appointments, including Eric Hurkman as chief technology officer, David Weiner as chief growth officer, and Lisandra Wilmott as head of legal and compliance.
Savvy Wealth founder and CEO Ritik Malhotra said: “AI is disrupting financial advice, but not in the way that many have predicted. Rather than replacing advisors, it’s amplifying their ability to deliver highly personalised and deeply human client experiences.”
With AUM now exceeding $2bn, Savvy Wealth continues to refine its offerings for high-net-worth clients, including personalised investment management, 401(k) account management, estate planning, financial planning, tax preparation, high-yield cash management, alternative investments, and insurance.
"Digital platform Savvy Wealth secures $72m in series B funding" was originally created and published by Private Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
