MADISON, Wis.–Ten fintech companies from across the country will pitch their credit union-business solutions to industry investors at the second annual VentureTech in hopes of earning investment capital to bring their ideas to the credit union market, according to organizers of the event.
VentureTech was created by CUNA Strategic Services, Open Technology Solutions and The Veridian Group and seeks to identify rising fintechs whose products and services can give credit unions a competitive edge in the financial services marketplace. The event will be hosted by Alkami Technology Nov. 13-14 in Plano, TX.
"Last year we announced our $1.5 million fundraising round to create a CUSO focused on conversational AI,” said Karan Kashyap, co-Founder/CEO of Posh and a participant at last year’s event, in a statement. “We received a lot of interest from VentureTech both from credit unions interested in investing and from other CUSOs interested in partnering with us. A few months later, thanks to the exposure we received, we were oversubscribed on our fundraising round. Now we are turning to VentureTech once again to kick off our second fundraising round for our now-established CUSO venture.”
The 10 Companies
The following 10 fintechs, in addition to Posh, chosen from among 32 companies to present their business solutions this year include:
- Cambio Money
- Edmit
- Illuma Labs
- Justice For Me
- Payveris
- Pinkaloo
- Plinqit
- Terafina
- Tunnel
- Wizely Finance
Not Waiting
“Instead of waiting for technology to come to market, VentureTech allows the credit union industry to be proactive in building its competitive advantage in the digital space,” said Nick Evens, president of The Veridian Group, in a statement. “By recognizing and investing in promising fintech’s, we're providing innovative, digital-first solutions that will drive the movement forward.”
The panel that selected this year’s fintechs includes:
- David Araujo, Service CU
- Brian Bodell, AdvantEdge Analytics
- Belinda Caillouet, Looking Glass Consulting
- Jeff Johnson, Baxter CU
- Kris Kovacs, Constellation Digital Partners, LLC