# Savvyy Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/savvyy-technologies

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.savvyy.ai
- Total disclosed funding: $2.5M
- Latest round: Seed (Nov 9, 2021)
- Investors on record: 1

## About

Savvyy Technologies Inc. is a technology company that provides a digital lending platform aimed at modernizing the mortgage lending process through automation and cloud-native technology.Founded in 2018, Savvyy Technologies Inc., headquartered in Toronto, Canada, specializes in a digital lending platform that enhances mortgage underwriting efficiency. The founders include Craig Cox, Elvina Kang, Pravin Agarwal, and Salim Naran. Pravin Agarwal currently serves as the CEO. The company has raised a total of CAD 3.1 million through 2 investment deals, with the latest being a Seed round completed on November 9, 2021, co-led by Scale Up Ventures and other individual investors.Savvyy Technologies Inc. specializes in providing a next-generation digital lending platform designed to modernize the mortgage lending process. The core offering, known as the SAVVYY Platform, is an end-to-end mortgage underwriting solution that leverages cloud-native technology and API integration to streamline the loan origination and underwriting journey. This platform enhances the efficiency of lenders by automating previously manual processes, thereby improving the overall customer experience. The SAVVYY Platform serves a diverse client base, including banks and financial institutions across North America, which rely on its capabilities to navigate the complexities of mortgage lending. By transforming legacy systems into a cohesive, automated process, Savvyy aims to meet the evolving expectations of consumers and lenders alike, ensuring that clients can effectively respond to market demands.Savvyy Technologies Inc. operates on a revenue model that primarily includes subscription-based access to its SAVVYY Platform. Clients, such as banks and mortgage lenders, engage with the platform under various pricing structures tailored to their specific needs and scale of operations. The transactions typically involve subscription agreements that grant access to the platform's features, including end-to-end underwriting capabilities, real-time data integration, and a user-friendly interface designed for efficiency. Partnered institutions benefit from the platform's ability to enhance their digital mortgage offerings, which can lead to increased origination volumes and reduced processing costs. Revenue is generated as clients subscribe to these services, with the platform’s modular architecture allowing for customized solutions based on individual lender requirements.In November 2021, Savvyy Technologies Inc. raised CAD 3.1 million in Seed funding to accelerate its efforts to modernize antiquated lending infrastructure. The company aims to introduce a cloud-based AI-powered platform specifically targeting Canadian banks and lenders. This expansion is expected to enhance their service offerings and improve operational efficiencies, positioning Savvyy to meet the demands of a rapidly evolving market.

## Funding rounds

- Seed, Nov 9, 2021, $2.5M — Scale Up Ventures

## Investors

- Scale Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures) — Seed