Savana Raises $45M In Series A

Savana, a Malvern, PA-based provider of financial software for banks and fintech companies, closed a $45m Series A funding.

The round was led by Georgian with participation from Fiserv, a global provider of payments and financial services technology, which also will expand its existing reseller agreement with the company.

The company intends to use the funds for continued growth of its core-agnostic Digital Delivery Platform, ramp up its go-to-market activities, and accelerate its roadmap of new capabilities.

Led by Michael Sanchez, Chairman and CEO, Savana delivers next-generation channel and product agnostic customer engagement, account servicing, and automated bank operations through its Digital Delivery Platform.

Whether launching a new bank or transforming an existing infrastructure, Savana’s API-first and cloud-native Digital Delivery Platform effectively orchestrates a bank’s technology ecosystem to eliminate silos and automate servicing for bank teams and customer-originated requests. Pre-configured, end-to-end process automation and integrations enable faster time to market and drive frictionless, consistent experiences for customers across all channels.