Malvern, Pennsylvania–based Savana, a company building financial software products for legacy banks, today announced that it raised $45 million. A portion of the capital — $10 million — was debt, while the rest was a Series A equity tranche led by Georgian Capital Partners.
CEO Michael Sanchez told TechCrunch that the proceeds will be put toward general growth and supporting Savana’s go-to-market and product development projects.
Savana was founded in 2009 by Sanchez, who previously served as the president of the international division of FIS. Prior to FIS, he launched Sanche