Scroll Top

SAVVYY Raises $5.7M; Sets Sights on Modernizing Canada’s Lending Industry

SAVVYY is excited to announce our latest fundraising round of $5.7 million CAD from several prominent Canadian investors. 

The funding will help us accelerate our efforts to modernize antiquated lending infrastructure by introducing a cloud-based AI-powered platform for Canadian banks and lenders.

Investors include prominent leaders in the financial services industry, including Joe Canavan from Canavan Capital, CEO of LOGiQ (previously CEO of NEXT Canada); Michael Zych, Scotiabank’s former global head of fixed income; Kevin Walton, founding team of Real Matters; and Michael Vanderkaden, fintech investor and former executive with Filogix and Equifax.

We’re on a mission to transform banks into fintechs, and today’s funding announcement brings us one step closer to bringing our AI-ready Canadian mortgage underwriting platform to all Canadian lenders. Our team of technology and financial services leaders, along with our prominent list of investors, clients and partners, makes us well-positioned to transform the lending industry in Canada—an industry that is long overdue for a technology-based transformation.

Sal Naran - Co-founder of SAVVYY