SavvyMoney Acquires CreditSnap to Expand Fintech Solutions Portfolio

JB Orecchia

SavvyMoney, a leading provider of financial wellness tools and personalized loan offerings, is proud to announce its acquisition of CreditSnap, a fintech solution provider that powers intelligent integrations to digital loan, deposit and account onboarding solutions for banks and credit unions. This acquisition marks a significant milestone for SavvyMoney, as we continue building a unified, flexible, and digital-first platform designed to complement and enhance every stage of the consumer financial journey. With CreditSnap's technology, we aim to strengthen our ability to work alongside existing LOS and account opening systems, delivering even greater value to our partners and their consumers.

“This is a pivotal moment in SavvyMoney’s journey,” said JB Orecchia, president and CEO of SavvyMoney. “Our financial institution partners are looking for ways to grow without adding operational burden. By combining SavvyMoney’s ability to drive high-intent demand with CreditSnap’s flexible integration solution, we’re delivering a comprehensive digital experience for both lending and deposit growth—one that works with, not against, their existing systems.”

Financial institutions can now offer a seamless, end-to-end experience by leveraging SavvyMoney's demand-generation capabilities in conjunction with CreditSnap's flexible integration process. From personalized credit insights to frictionless application and booking, allowing every integration to work with one unified platform.

CreditSnap Key Benefits: 

• The platform integrates with more than 73 loan origination, core and digital banking systems
• Loan application time can be reduced from 12 minutes to as little as 2 minutes
• Financial institutions have reported a 20–40% increase in loan volume and deposit funding rates as high as 78%

“We built CreditSnap to help financial institutions deliver the digital experiences today’s customers expect by leveraging current integrations along with proprietary technology. Joining SavvyMoney allows us to offer a true end-to-end integrated solution that meets the needs of our partners and their solution providers at scale,” said Deepak Polamarasetty, CEO of CreditSnap.

CreditSnap’s flexible, modular technology has enabled dozens of forward-thinking credit unions and banks to modernize their digital origination flows while improving operational efficiency and consumer satisfaction. The combined platform seamlessly fits into existing lending and deposit infrastructures, making it easy for financial institutions to elevate their consumer experience without overhauling current systems. 

“CreditSnap uniquely combines all necessary tools, including a ready-made front-end experience, a customizable lending engine, instant offers, and integration into our existing LOS system. Unlike other vendors, CreditSnap delivers on its promise of seamless integration, saving us valuable resources and enabling us to stay competitive in the market,” said Thomas Allman, Chief Strategy Officer at NASA Federal Credit Union.

The two companies share a mission to improve financial access and outcomes through modern technology, intuitive user experiences, and deep integration capabilities to reduce friction in the lending and borrowing process.

To learn more about SavvyMoney and its capabilities, visit https://www.savvymoney.com/.

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