Savana, a Malvern, PA-based industry leader in financial software for banks and fintechs, announced that it closed $45 million Series A funding.
The round was led by Georgian, a growth-stage investor based in Toronto, Canada. Fiserv, a leading global provider of payments and financial services technology, participated in the round and also will expand its existing reseller agreement with the company.
The funds will be used to drive the continued growth of Savana's core-agnostic Digital Delivery Platform, ramp up its go-to-market activities, and accelerate its roadmap of new capabilities.
Company: Savana, Inc.
Raised: $45.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: Georgian
Additional Investors: Fiserv
Company Website: https://www.savanainc.com/
Software Category: Financial Software
About the Company: Savana unlocks next-generation, customer-centric banking operations through the industry's first and only digital delivery platform. Savana delivers next-generation channel and product agnostic customer engagement, account servicing, and automated bank operations through the industry's first and only Digital Delivery Platform. The Savana platform works seamlessly with both new Gen3 and traditional cores to unlock universal digital delivery across all bank-assisted and consumer-direct channels. Leveraging unmatched banking knowledge and expertise, Savana solves the issues that arise during digital transformation or in creating and launching a new bank. Redefining customer-first operations, Savana is powering the future of banking.
Source: https://www.savanainc.com/2022/08/02/savana-announces-45-million-series-a-funding-round-led-by-georgian/