SavvyMoney Acquires CreditSnap
Summary
SavvyMoney, a Dublin, CA-based provider of financial wellness tools and personalized loan offerings, acquired CreditSnap, a San Antonio, TX-based fintech solution provider. With the acquisition, financial institutions will offer an end-to-end experience by leveraging SavvyMoney’s demand-generation capabilities in conjunction with CreditSnap’s flexible integration process. Led by CEO Deepak Polamarasetty, CreditSnap is a provider of a deposit account opening and lending FinTech platform that allows customers to open accounts instantly and apply for loans without credit impact. • The integration with more than 73 loan origination, core and digital banking systems. • Financial institutions have reported a 20–40% increase in loan volume and deposit funding rates as high as 78%.