Savvy is a wealth management firm that pairs leading financial advisors and firms with proprietary automation, sales and marketing software which should allow them to focus more on client relationships and business growth.
The wealth management industry is reported to be worth nearly $30 trillion in the US alone, generating over $500 billion in annual revenue. It’s a surprise therefore, that it hasn’t yet seen much modern tech adoption. By acquiring and partnering with firms, and hiring top advisors to equip with its suite of solutions, Savvy has the potential to shake up the industry.
Though it’s still early days for the company, the credentials of co-founders Ritik Malhotra and Muller Zhang should attract plenty of attention. Collectively, the pair have built and sold high growth startups which have been acquired by Brex and Box, as well as serving in senior roles for the likes of Airbnb and Facebook.
After completing a major fundraise, Savvy’s attention now turns towards a rapid scale up by acquiring the right wealth management firms, developing its product further, and expanding its own headcount.
Kirsty
Company Specialist at Welcome to the Jungle