Profile

SavvyMoney stands at the forefront as the leading provider of credit score solutions, extending its reach to over 1,350 banks, credit unions, and fintechs nationwide. The synergy of real-time data and advanced digital personalization tools defines SavvyMoney’s offerings, seamlessly integrating with more than 40 digital banking platforms. What sets SavvyMoney apart is not just its innovative technology but also its hands-on service, coupled with a resolute commitment to assisting financial institutions in fortifying and enriching their customer relationships.

By providing consumers with real-time access to their credit scores, personalized financial education, and tailored loan offers, the financial institution empowers its consumers to make informed financial decisions. Consumers can monitor their credit health, receive alerts for significant changes, and explore personalized loan options directly within their banking app. This integration boosts consumer satisfaction and loyalty and drives the financial institution’s loan growth by connecting consumers with the right financial products at the right time.

Visit www.savvymoney.com

Key Products

Credit Score: Deliver unlimited access to credit score and reports, empower better decisions through real-time notifications, uncover important insights into all credit score factors, and provide personalized financial tips and recommendations, directly through your digital banking.

Analytics: Drive loan growth with actionable insights, analyze your portfolio to identify pockets of opportunity, track participation & improvement by credit score tier, and understand how to better engage customers with loan offers & products.

Offers Engine: Match customers with money-saving offers, take the guesswork out of loan approvals, quantify potential savings & other details, and provide visibility into personalized loan options & savings estimates.

Key Executives

JB Orecchia, President & CEO

JB Orecchia is the President and CEO of SavvyMoney. Since 2011, JB and his team have built SavvyMoney into an industry-leading credit and lending tool that today integrates with over 40 digital banking platforms and supports financial institutions with their goal of providing financial education and personalized lending. JB has more than 34 years of experience in consumer finance, fintech and interactive media. He started his finance career in 1988 with 10 years in various senior roles at Household International in lending and marketing. In 1998, he saw an opportunity to make credit reports accessible over the internet and joined the original senior team at FreeCreditReport.com/Experian Consumer Direct. As EVP of Partnership Marketing, he led the team responsible for business development and online marketing of the direct-to-consumer credit report and score product for 10 years. To expand on his digital marketing experience post-Experian and pre-SavvyMoney, JB had the opportunity to be Vice President of Marketing for Disney Online, where he directed online marketing, CRM, research and analytics initiatives.

Chris Fraenza, Chief Revenue Officer

Chris Fraenza is our Chief Revenue Officer at SavvyMoney and is responsible for leading the company’s growth while maximizing success across all customers and strategic partners. Chris, who has been with SavvyMoney since February 2015, has been instrumental in developing a culture that prioritizes exceptional service, collaboration, and a focus on driving tangible results for financial institutions and partners. Throughout his career, Chris has been a champion of innovation and progress for financial institutions, previously holding various positions at Filene Research Institute, the leading think tank & incubator for credit unions before joining SavvyMoney.

Jeff Bergmann, Chief Financial Officer

Jeff brings more than 40 years of experience as a finance executive for global technology and financial service companies. As a partner at KPMG, Jeff worked with clients in the technology, banking, and investment industries through 2003. For the next six years, Jeff was the SVP of Tax and Finance Administration at VeriSign, Inc. Just prior to SavvyMoney, Jeff was at NetApp, Inc., a global leader in hybrid cloud technology focused on accelerating digital transformation. While there, he served as interim CFO, led the corporate financial planning and analysis organization, and was the head of tax, treasury, and risk management.

David Dowhan, Chief Product Officer

David has been in the financial services industry for over 25 years, bringing expertise in marketing technology including machine learning, modeling, and predictive analytics. In his current role, David oversees SavvyMoney’s new product initiatives, business intelligence, and customer service. Prior to SavvyMoney, David has held executive product roles at NextCard Inc., the predictive analytics company eBureau, and Adteractive, which specializes in online lead generation. David was also the founder and CEO of a digital marketing company, TruSignal, that was acquired by TransUnion, where he spent two and a half years as head of product for their marketing solutions division before joining SavvyMoney.

Corey Scobie, Chief Technology Officer

Corey Scobie is a seasoned technology executive with over 25 years of experience leading product, engineering, and operations teams. He is the Chief Technology Officer at SavvyMoney, overseeing software engineering, IT, cybersecurity, and operations for our financial health SaaS platform.

Previously, Corey was the CTO at Symend, leading the development of their digital engagement platform, and at Chef Software, driving product strategy and technology acquisitions. He spent over five years at Akamai Technologies, transforming their product portfolio into a cloud offering.

Corey’s expertise spans SaaS, distributed systems, cloud services, containers, AI/ML, open-source software, product strategy, cybersecurity, and technology acquisitions. He has also held executive roles at SOA Software, IBM, DataPower, and KPMG Consulting.

Vickie Moul, Head of People

Vickie Moul is the Head of People for SavvyMoney and is dedicated to creating and scaling the people functions and experience as the company continues to grow. She has over 25 years of dedicated human resources experience in strategic planning, employee engagement, and experience, recruiting, retention, employee benefits, mergers and acquisitions, succession planning, culture (people) programs, mentorship, coaching, and development. Vickie believes in being a trusted, strategic partner to her clients and is focused on building and nurturing those relationships at all levels to understand business and employee needs. Before joining SavvyMoney, she worked for more than 20 years in the professional services, semiconductor, and medical device industries.

Customer Insights

“SavvyMoney is my absolute favorite product for a couple of reasons – I would say the biggest one is their ease of integration. Also, the personal service – I feel like I’m still in the honeymoon stage, four years later, and it hasn’t changed. The culture is a fit, if I need help, they are there, I just love SavvyMoney!” – Melissa Frohlich, VP/Digital Banking Manager, FIRST INTERNATIONAL BANK & TRUST

“The entire process of partnering with SavvyMoney has been exceptional. I feel they are a true ally and always looking to improve the product. The Credit Union saw immediate member engagement and are pleased with the new loans obtained via this channel. We could not be happier!” – Denise O’Dell, Vice President, Automated Services, KNOXVILLE TVA EMPLOYEES CREDIT UNION

“We chose SavvyMoney to personalize lending, marketing, and education as a free member benefit within Online and Mobile Banking. They are the ideal partner that provides brand value, analytics, and tangible results. The team delivers, and then some!” – Nancy Porter, Vice President, Marketing, BAYPORT FEDERAL CREDIT UNION

“SavvyMoney gave us their expert advice and showed us how to tactically implement a campaign. We followed their advice, and it began paying off immediately. I can’t thank the SavvyMoney team enough. They are entrepreneurial, experienced, super skilled, and 100% committed to your success. That’s what I call a real partner!” – Matthew Tully, VP of Marketing, CREDIT UNION OF SO CAL

Investors

In January 2022, SavvyMoney announced that it had raised $45 million from Spectrum Equity, a leading growth equity firm. TransUnion, an existing investor and strategic partner, also participated in the round.

Competitors

Array

Corporate Responsibility

SavvyMoney’s mission, “We empower financial well-being through innovation and partnership,” and its vision, “Financial freedom for all,” guide the company in supporting its partners, strategic collaborators, and consumers. These principles ensure alignment with its commitment to fostering financial well-being.

In 2023, SavvyMoney introduced SavvyImpact, a comprehensive initiative aimed at cultivating a diverse, equitable, and inclusive workplace culture while driving positive community impact.

SavvyImpact provides a dedicated space for employees to connect through shared experiences, backgrounds, and interests, fostering support and collaboration within the workplace. The initiative is structured around four key committees: Diversity, Equity, Inclusion, and Belonging (DEIB); Philanthropy; People and Culture; and Health and Wellness, each focused on specific goals to enhance workplace and community well-being.