We are incredibly proud to share this momentous news with you — SpringFour has been acquired by C&R Software, the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a subsidiary of Constellation Software, the 23rd largest software company in the world with an $80B market cap!

This strategic acquisition will expand SpringFour’s reach, positioning the company for growth by leveraging the C&R Software network to forge partnerships with even more organizations across the country and globe, providing our award-winning financial health solutions near and far.

SpringFour will continue to operate as a standalone brand. I will remain as CEO and the SpringFour team will join me. With C&R, we will have access to operational support, an extensive network, and the opportunity to scale and bring SpringFour to many more organizations through C&R’s robust portfolio of clients including new verticals such as utilities, telecom, government, and more.

What this news signifies most of all is this: financial health is here to stay. 

Together, we have changed perspectives, industries, and millions of lives — and now, the sky’s the limit.

Thanks to Constellation Software’s buy and hold philosophy to investing, the products we’ve built and the resources we’ve vetted and curated will continue to help people and organizations far beyond what any of us could’ve imagined when this company was first founded. When we launched in 2005, financial health wasn’t even a known term. Today, we have led the way in making it a mainstay. 

This new chapter signifies an industry-defining moment, demonstrating that supporting consumer financial health is a competitive differentiator and sound business decision that results in win-wins. 

We are proud of SpringFour’s success and growth that led us to this moment — and we can’t wait to get started on making an even greater impact on the industry and consumers’ financial well-being.

Thank you to the incredible team at Constellation Software, Jonas Software, CORA Group, and C&R Software who have provided a welcome transition during this acquisition. We are so proud to be part of your innovative, industry-leading company. Thank you to the Waller Helms Advisors team for your support on this transaction. And most importantly, thank you to the amazing team at SpringFour, who pour their expertise and passion into making our services world-class, and are the reason this achievement is possible. 

Thank you, as always, for your support and partnership,

Rochelle Nawrocki Gorey

CEO & Founder, SpringFour

Acquisition unites major software and solutions provider with leading financial health fintech.

WARMINSTER, PA., September 4, 2024 – C&R Software (“C&R”), the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. This acquisition further expands C&R Software’s offerings in the financial health sector and supports the company’s mission to deliver comprehensive collections and recovery solutions to customers worldwide. 

SpringFour will operate as a standalone brand, with Rochelle Nawrocki Gorey remaining as the CEO. This strategic acquisition will expand SpringFour’s reach, and position C&R Software to further support its clients in providing critical financial health resources and services that benefit both companies and their customers.

“We are excited to welcome SpringFour into the C&R family,” said Ed Wallen, C&R Software CEO. “SpringFour’s innovative approach to financial health complements our existing solutions and supports our goal of providing robust, comprehensive software services to our clients. The addition of SpringFour’s expertise and resources will enhance our ability to deliver valuable financial health solutions to a broader audience. We are committed to supporting SpringFour’s growth and ensuring a smooth integration process.”

“Joining C&R is a significant milestone for SpringFour and financial health,” said Rochelle Nawrocki Gorey, SpringFour Founder & CEO. “We look forward to leveraging C&R’s extensive network and resources to continue our mission of improving financial health for individuals and families. With this acquisition which expands our reach, it is clear that financial health is a mainstay for this industry. We have seen that when customers do well, their organizations do well. Together with C&R Software, we look forward to making an even greater impact on the industry and customers’ financial well-being.” 

Alain Nono, Director at Waller Helms Advisors, who advised SpringFour on the transaction, said, “It has been a privilege to support SpringFour through this industry-defining transaction. C&R Software’s acquisition of SpringFour marks a significant step forward in the financial health sector, and I am confident that SpringFour’s innovative solutions will thrive under C&R’s network and resources. This partnership will undoubtedly enhance the impact SpringFour has on improving financial well-being for individuals and families across the nation.”

About SpringFour

Founded in 2005, SpringFour is the first-of-its-kind, leading financial health fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources. Trusted by leading organizations including Capital One, BMO, M&T Bank, Fifth Third, OppFi, KeyBank, Avant, Enova, Oportun, Mission Lane, and more, SpringFour’s product suite includes an innovative contact center tool, digital self-service products, and APIs that increase payment performance, add brand value, strengthen customer relationships, drive ESG and social impact, support consumer financial health, and improve bottom lines. SpringFour has received many prestigious awards including American Banker’s Most Influential Women in Fintech, Inc. Magazine’s Female Founders 250, Real Leaders’ Top Impact Companies, Fast Company’s Brands that Matter, Finovate’s Innovator of the Year, and more.

About C&R Software

C&R Software is a global leader in debt collection and recovery solutions, serving clients in more than 60 countries and managing over 650 different types of financial commitments. With a focus on innovation and customer success, C&R Software offers a comprehensive suite of products designed to support financial institutions, municipalities, and businesses in managing their debt portfolios efficiently and effectively.

About CORA Group

CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 30 independent software brands worldwide. Our roots in construction and foodservice have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. As a subsidiary of Constellation Software Inc. (TSX: CSU), one of the world’s largest owners and acquirers of vertical market software companies, we’re dedicated to empowering our customers to achieve their goals with our innovative solutions.

We are proud to announce the release of SpringFour’s Q2 2024 Impact Report: “How We’re Meeting Trending Consumer Needs.”

In Q2 2024, we delivered more than 2 million financial health referrals to consumers in need – the most we’ve ever delivered in a single quarter!

Americans are struggling to make ends meet, and in this report, we invite you to see how SpringFour is meeting demands in critical and direct ways — and transforming the industry.

Here’s What’s In This Report

→ Impact metrics at a glance (page 3)

→ How we’re tackling food and housing insecurity (page 4)

→ The mental-financial health connection (page 5)

→ Natural disaster recovery and student loan support (page 6)

→ Seniors, aging, and caregiving (page 7)

→ Award recognition from Inc. and American Banker (page 8)

→ Spotlights on our winning partnerships (page 9)

→ New team members and how we give back (page 10)

What Does Impact Mean To Us?

SpringFour’s success is simple: we meet the needs that real people face and deliver results both to consumers and organizations with impressive ROI. As we prove each and every day, when our customers do well, we all do well.

That is why a growing number of financial institutions, employers, nonprofits, and more offer SpringFour — and we couldn’t be prouder of our work together.

Here’s What You Can Do With This Report

If you’re a current SpringFour client, take a look at the trends in this report to ensure you’re offering the categories that consumers need most right now. Reach out to us at resources@springfour.com to change the categories offered in your SpringFour deployment. 

If you’d like to learn more about partnering with us, reach out to info@springfour.com to set up an introductory call and product demo.

If there’s someone you think would enjoy this report, send them the link or post it on your LinkedIn to share the report with your community. Tag us on LinkedIn at @SpringFour!

Morgan Pierce

Impact & Communications Manager, SpringFour

We’re proud to spotlight Self and SpringFour’s winning partnership in this Partnership Overview:

“How a Credit Builder and a Fintech Support Financial Health.”

Since 2019, Self, a credit-building platform that increases economic inclusion and financial resilience, has worked with SpringFour, the leading financial health fintech that helps companies connect consumers to vetted, local financial health resources.

In nearly 5 years of partnership, Self and SpringFour have delivered over 3,417,000 financial health referrals to more than 250,000 of Self’s customers.

Self uses SpringFour’s S4direct product to empower customers with self-serve access to SpringFour’s financial health resources via Self’s website and mobile app.

Self and SpringFour’s impactful partnership has been included in multiple industry features including:

• A panel at Financial Health Network’s EMERGE
• A Fintech Nexus podcast
• A Fintech is Femme article, “Fintech CEOs Team Up to Improve Financial Well-Being”

We are proud to highlight our impactful partnership. Thank you, Julie Szudarek and the entire Self team, for your partnership!

If you would like to showcase your impact with SpringFour, please reach out to impact@springfour.com. We’d love to share our partnership story.

Morgan Pierce

Impact & Communications Manager, SpringFour

American Banker Article Spotlight on SpringFour

Awards Ceremony held at American Banker’s Digital Banking Conference

At American Banker’s Digital Banking Conference, which included an awards ceremony recognizing the 20 Most Influential Women in Fintech, it was a privilege to celebrate SpringFour’s continuous innovation and leadership alongside other great women creating change in our industry.

To learn more about working with SpringFour, please reach out to us at impact@springfour.com. 

Impact & Communications Manager, SpringFour

What Impact Means to Us

There’s a reason SpringFour is getting recognized — we’re all about real-time, tangible impact. With SpringFour’s vetted resources, individuals reduce expenses, grow their savings, and find their financial footing.

For us, impact means centering empathy, and seeing business results follow. For our clients, that has included:

• Over 5.5 million referrals to financial health resources to consumers last year

• 17-31% increase in repayment rates

• More than 5x ROI

• Millions in annualized credit loss savings

• Hearing directly from individuals about how SpringFour has helped them pay for food, save on utilities, find jobs, and more

Financial Health for the Win-Win-Win

When Founder and CEO Rochelle Nawrocki Gorey started SpringFour, “financial health” was not a term. Now, she’s been included as one of the Inc. Female Founders 250 “for demonstrating the importance of marrying social impact with fintech.”

Plus, Fast Company wrote:

We’re excited for the road ahead; there’s a lot more impact to be made. One thing is clear: SpringFour stands out.

Are you ready to stand out with us? Join other top financial institutions prioritizing financial health and seeing the results with SpringFour. Connect with us at impact@springfour.com or reply to this email to get started in under 30 days.

Morgan Pierce

Impact & Communications Manager, SpringFour