Wealth management platform Savvy Wealth has announced a $100 million Series C round, lifting the company’s valuation to $600 million. The company said the new capital will be used to speed up development of its AI-powered financial advisor platform. According to Crypto Briefing, Savvy Wealth’s rapid growth points to a rising reliance on artificial intelligence across the financial advisory business. The report said that trend is reshaping the industry as firms put more resources behind AI-based tools and advisory infrastructure. The funding marks a new step in the company’s expansion as it builds out technology for advisors and wealth management services.
Wealth management platform Savvy Wealth said it has raised $100 million in a Series C round, bringing its valuation to $600 million.
The company said the funding will be used to accelerate development of its AI-powered financial advisor platform.
According to Crypto Briefing, Savvy Wealth’s fast growth highlights the financial advisory sector’s growing reliance on artificial intelligence and shows how that shift is reshaping the industry.
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