# Happy Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/happy-money

- Industry: Financial Services
- Headquarters: Torrance, US
- Website: www.happymoney.com
- Total disclosed funding: $212M
- Latest round: Series D (Dec 16, 2021)
- Investors on record: 5

## About

Based in the US, Happy Money, Inc. specializes in providing personal loans designed to help consumers achieve their financial goals, particularly in debt consolidation, through a transparent and efficient lending process.Happy Money, Inc. is a financial technology company formed in 2009 and headquartered in Torrance, US. The company provides personal loans to individuals seeking financial relief. Scott Saunders is recognized as the founder. Since its inception, Happy Money has completed 12 funding deals, with its most recent being a Series D round on January 4, 2024, raising USD 52.56 mn led by Anthemis, bringing the total amount raised to USD 52.56 mn and a current valuation of USD 1,167.96 mn.Happy Money primarily offers personal loans ranging from USD 5,000 to USD 50,000, aimed at assisting individuals in achieving their financial objectives, especially through debt consolidation. The loans come with competitive interest rates starting at 7.95% APR and feature a streamlined application process that can be completed in as little as two minutes. The company serves a diverse clientele across various U.S. states, excluding Iowa, Massachusetts, and Nevada, focusing on responsible borrowing to improve financial wellbeing.Happy Money generates revenue through interest accrued on personal loans, which are administered in partnership with community-oriented lending institutions. The revenue is primarily derived from the fixed interest rates on loans, which vary based on the borrower’s credit profile. Additionally, an origination fee may be charged, deducted from the loan proceeds at issuance, aligning with the company's focus on promoting financial happiness while ensuring a sustainable lending operation.In January 2024, Happy Money, Inc. raised an undisclosed amount in venture funding from new investor TruStage Investment Management, which will be utilized to accelerate the development of its management and operations. The company aims to expand its offerings and explore new geographic markets, although specific details regarding upcoming products or targeted regions for expansion have not been disclosed.

## Funding rounds

- Series D, Dec 16, 2021, $53M — Anthemis, CMFG Ventures
- Series D, Sep 5, 2019, $95M — CMFG Ventures
- Series C, May 31, 2016, $47M — FirstMark Capital, Anthemis, Great Oaks Venture Capital
- Series B, Jun 20, 2014, $12M — Anthemis, SparkLabs Global Ventures
- Series A, Dec 2, 2013, $2.5M — Anthemis, Great Oaks Venture Capital
- Series A, Dec 30, 2011, $2M — FirstMark Capital, Anthemis, Great Oaks Venture Capital
- Seed, Sep 16, 2009, $1.6M — FirstMark Capital, Great Oaks Venture Capital

## Investors

- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Seed, Series A, Series C
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Seed, Series A, Series C
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series A, Series B, Series C, Series D
- SparkLabs Global Ventures (https://capitalatlas.ai/funds/sparklabs-global-ventures) — Series B
- CMFG Ventures — Series D