Happy Money Named to the 2022 CB Insights' Fintech 250 List

CB Insights today named Happy Money to its fifth-annual Fintech 250 ranking, showcasing the 250 most promising private fintech companies of 2022. Happy Money is a leading technology platform for unsecured lending in partnership with credit unions and other community-focused financial institutions.

Building on the momentum of a $50-million Series D-1 capital raise and recognition as a fintech unicorn with a valuation of $1.1 billion, the company is also unlocking new distribution channels for its platform. The company launched a new loan participation platform that will enable lending partners to optimize their balance sheets and is building its Lending-as-a-Service (LaaS) offerings for financial institutions and brands looking to embed finance products and open up new business lines.

"We're honored that Happy Money has earned a spot on CB Insights' Fintech 250 list. This accomplishment validates our mission of developing affordable, accessible financial products and services that help people use money as a tool for their happiness," said Jeff Winner, CEO of Happy Money. "Our team's dedication to advancing a happier way of providing credit has resulted in strong growth for Happy Money and our ecosystem of community-focused lending partners as well as positive effects in the lives of our members. We will continue innovating and expanding our tech platform's reach across verticals and business lines as we realize our vision for transforming the lending industry."

Happy Money was selected as a Fintech 250 winner from over 12,500 private companies, including applicants and nominees. Winners were chosen from a research team utilizing the CB Insights platform,  based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news segment analysis, competitive landscape, team strength and tech novelty.

"This year's Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance," said Brian Lee, SVP of CB Insights' Intelligence Unit. "Representing more than 30 countries, these companies are creating safer and more efficient payment methods, and transforming how traditional banking, insurance and investing products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the globe."

"Consumers are looking for a happier lending experience – one that makes them and their communities better off," said Winner. "We have helped more than 225,000 members pay off over $4.1 million in credit card debt since our inception. We remain committed to building products and services that serve the best interests of consumers while also delivering results to our partners."

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