What is Savana?
Savana, Inc., based in Malvern, PA, specializes in providing a Software-as-a-Service (SaaS) platform designed to help financial institutions modernize their operations and enhance customer engagement across all channels. The platform facilitates extensive process automation and orchestration throughout the entire customer lifecycle, from onboarding to servicing. Its API-first architecture enables seamless interaction between bankers and customers, delivering modern user experiences built on consistent underlying processes. Savana's solution is notable for its core-agnostic, product-agnostic, and channel-agnostic design, allowing for flexible integration. Furthermore, the platform comes with pre-configured, best-of-breed process and workflow use cases that accelerate implementation while accommodating bank-specific requirements.
How much funding has Savana raised?
Savana has raised a total of $46M across 2 funding rounds:
Debt
$1M
Series A
$45M
Debt (2020): $1M with participation from PPP
Series A (2022): $45M led by Georgian Capital Partners and Fiserv
Key Investors in Savana
Georgian Capital Partners
Georgian Capital Partners is an investment firm focused on growing both income and capital for its clients, emphasizing a private ownership structure and a culture centered on preservation and consistent returns. Their investment strategy is built on three key principles: focus, independence, and consistency.
Fiserv
Fiserv, Inc. provides financial services technology worldwide, offering solutions for payments, industry products, and financial institution services. Their extensive offerings include card processing, electronic payments, internet and mobile banking software, and account processing services, serving a broad spectrum of financial entities.
What's next for Savana?
With the recent major strategic investment and substantial total funding of $46M, Savana is well-positioned for accelerated growth and market expansion. The company's focus on modernizing financial institutions through its core-agnostic SaaS platform, which enhances operational efficiency and customer lifecycle management, aligns with current industry trends. This strategic backing is likely to fuel further development of its technology, expansion into new markets, and enhancement of its service offerings. Savana's commitment to providing a flexible, API-first solution suggests a trajectory aimed at becoming an indispensable technology partner for a wide range of financial entities seeking to improve their digital capabilities and customer interactions.
See full Savana company page
