Happy Money, a fintech that works with credit union customers to help them pay off credit card debt, said it raised $70 million in Series D funding led by CMFG Ventures. 

Happy Money provides debt elimination loans through credit unions so their customers can pay off their credit card debts. 

"This successful fundraise is a direct validation of the Happy Money movement and ultimately strengthens our position against what we call 'sad money,'" Scott Saunders, founder and CEO of Happy Money, said in a company release. "We're committed to helping our members build a happier relationship with their money through our Happy Money ecosystem, which connects lending, spending and savings products."

Beyond the investment, Happy Money officials has entered a strategic relationship with the national sales force of CUNA Mutual, which is the parent company of CMFG Ventures. 

Happy Money in July 2018 entered agreements with Chicago-based Alliant Credit Union, First Technology Federal Credit Union of Mountain View, California, and Technology Credit Union of San Jose, California, offering debt elimination loans for their customers. 

The company has raised more than $140 million since it was founded in 2009. 

Cover image courtesy of Happy Money.