Origin, a US-based money management platform for the workforce, has announced the acquisition of financial health startup Finny for an undisclosed price.
Through the deal, Origin aims to combine Finny’s financial education, content, curriculum, and tools for debt management with its own financial wellness platform to meet the critical need for enhanced financial literacy.
Headquartered in San Francisco, California, Finny supports employees to come up with better and more confident money decisions.
The firm is said to have worked with more than 60,000 clients to offer financial education.
By integrating Finny’s financial education resources and debt management tools, Origin intends to make an even more significant impact on the financial health of employees.
Finny co-founders Chihee Kim and Milan Kovacevic said: “Origin’s commitment to simplifying money management for employees aligns with Finny’s mission to improve global financial literacy.
“Together, we share a common goal of helping individuals achieve a secure financial future, and we’re excited to join forces to further expand our reach and impact.”
Founded in 2019, Origin has to date secured $70m from various venture capital funds, including 01 Advisors.
Origin’s money management platform is designed to ease finances for individuals, enabling them to track spend, get expert advice, manage investments, and take action to reach financial goals seamlessly.
Besides, the company’s integrated solution supports companies to manage compensation, benefits, and personal finances in a single place.
Origin co-founder and CEO Matthew Watson said: “Finny’s expertise in financial education and focus on debt management will be an invaluable addition to the Origin platform.
“We believe that addressing the educational gap in employee financial education is key to helping individuals achieve financial security.”