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Lending Platform, Happy Money Valued at $1.1billion Following Series D Funding

Happy Money, a platform for unsecured lending in partnership with credit unions, has announced it has closed a Series D-1 round in which $50million of capital was raised, bringing the company’s pre-money valuation to $1.1billion. Investors included Anthemis Group and CMFG Ventures who recognised the company’s success as it joins the ranks of fintech unicorns.

The rapidly-growing fintech company develops financial tools, including its award-winning Payoff Loan, to help members consolidate and pay off credit card debt and experience less financial stress.

“Our growth trajectory and latest capital raise reflect the strength of our business and team – and demonstrate investors’ continued confidence in Happy Money’s ability to grow rapidly,” said Jeff Winner, CEO of Happy Money. “This funding positions us to accelerate development and expansion of our products, including an end-to-end lending API, and deepen our partnerships.”

Anthemis invests in the next generation of fintech leaders like Happy Money that share our values of diversity, inclusivity, and customer-centric innovation,” said Sean Park, founder of Anthemis Group. “Happy Money has a proven track record of delivering a lending experience that benefits its partners and consumers alike, and I can’t wait to see all they will accomplish in the years to come.”

The capital raise comes on the heels of a strong Q4 in a record-breaking year, an average 42 per cent YoY growth in originations from 2018 to 2021, and technology veteran Jeff Winner’s appointment as permanent CEO and Board member. Prior to Happy Money, Winner held leadership roles at Twitter and Stripe, and was the Chief Technology Officer for Marcus, Goldman Sachs‘ Consumer Business, where he led the development of the Apple Card and pioneered the first cloud-based Goldman Sachs product.

“When we conducted the search for Happy Money’s next CEO, it was obvious to us that Jeff was the perfect choice with his blend of operational excellence and technological expertise,” said Tracy Edkins, former CHRO of Splunk, who joined the Happy Money Board of Directors in 2021. “From CTO to COO and now as CEO, Jeff has demonstrated remarkable leadership and has proven his ability to take the company into its next phase of innovation and growth.”

In addition to Jeff Winner, Scott Walchek, Founder and CEO of Trōv, recently joined the Board alongside existing members: Anjali Kumar, Former General Counsel and Head of Social Innovation, Warby Parker; Brian Kaas, Managing Director, CMFG Ventures; Joe Saunders, Former CEO, Visa; Sean Park; and Tracy Edkins.


  • Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.

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