Some startups throw darts and pray for product-market fit. Savvy Wealth built a bullseye, handed advisors the dart, then rewired the whole board with AI.
On July 2, 2025, Savvy Wealth announced a $72 million Series B, led by Industry Ventures, with firepower from Vestigo Ventures (yes, Mark Casady’s in the mix and on the Board), Euclidean Capital, Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures, and Vamsi Yadlapati, who knows a thing or two about scale from his days at Focus Financial.
Behind this raise isn’t just capital, it’s conviction. Ritik Malhotra, a two-time exit founder who’s seen tech stacks melt under pressure, co-founded Savvy in 2021 with Muller Zhang, ex-Airbnb and Brex engineering brain, to fix the fragmented mess independent financial advisors were forced to navigate. Zhang’s since stepped back, but the vision’s only sharpened. With Eric Hurkman as CTO (Carta alum with fintech DNA) and David Weiner, Lisandra Wilmott, Amir Har-El, and Alice Yu holding the operational line, the engine is built for velocity, not vanity metrics.
And the numbers don’t blink. From $100 million in AUM to $2.2 billion in three years. From two founders to 40+ advisors coast-to-coast. Digital onboarding in 15 minutes flat. Back-office ops cut by 90%, not through hustle porn, but AI that actually works.
This isn’t robo-advising in a new jacket. It’s a full-stack RIA platform with a human-first interface and machine-augmented muscle. Advisors tap into a multi-custodial core that merges CRM, compliance, direct indexing, and performance analytics like it’s been doing it since Netscape. Real-time reporting? Locked. Tax-optimized rebalancing? Native. 401(k) integrations and held-away account syncs? Already shipping.
The $500 billion U.S. wealth management market isn’t just ripe, it’s rotting for reinvention. And Savvy’s not showing up with a disruptor badge. They’re showing up with results, and a recruiting pipeline that’s scaling like a top-tier asset manager with startup reflexes.
Series B isn’t the finish line, it’s fuel. 50+ hires planned across engineering, product, and data science. Customizable portfolio strategies under their SWIM umbrella. Deeper AI into planning, compliance, and client insights. It’s not about saving advisors time. It’s about giving them leverage.
