CMFG Ventures is the venture capital arm of CUNA Mutual Group, a financially strong insurance company serving 95% of the U.S. credit unions for more than 80 years. Founded by credit union pioneers looking for a trusted financial partner, we continue to earn that trust by helping credit unions and hardworking Americans build financial security.

CMFG Ventures is looking for the next generation of like-minded entrepreneurs to help us continue our focus to serve credit unions and their members for years to come.

We are committed to building strong partnerships with companies that are motivated to bring new technology and innovation to credit unions and their members. We look for the next generation of entrepreneurs to partner with us to help credit unions innovate, grow and better serve their members for years to come.

Our investment strategy focuses on early-stage fintech and insurtech companies that can support CUNA Mutual Group and credit unions to meet the needs of consumers across all life stages. We look to address gaps and opportunities within the insurance, credit union and financial services industries.

Initial investments of $1 - $5 million are typically made in the Series A or B round of companies that focus on one of our core investment themes:

financial technology

Financial Technology

data analytics

Data Analytics

financial education and protection

Financial Education & Protection

digital channels

Digital Channels

Our Portfolio of Investments

Align Income Share Funding

Align Income Share Funding

This consumer finance company provides an affordable, safe, and transparent option for consumers in need of funds to receive capital in exchange for a fixed percentage of their income for a defined period of time through an Income Share Agreement.



Constellation is a secure, open-development platform designed exclusively for credit unions, allowing them and fintech developers to access a marketplace and complete suite of financial services.



CUneXus provides a data-enabled marketing solution for credit unions to offer pre-approved lines of credit to their members through online and mobile banking platforms.


FiscalHive, Inc.

Fiscal Hive's AI-driven loan participation platform increases data transparency, automates manual steps and provides out-of-the-box reporting and analytics to help credit unions perform participation transactions quickly, securely and transparently.


Forevercar provides auto protection post loan warranty coverage that delivers choice, transparency, and a delightful user experience to the extended warranty purchasing process.

happy money

Happy Money

Happy Money is the only financial company that combines psychology and money to help people live happier lives.



Jenny Life is the first exam free, instant decision life insurance app. Within minutes, time-starved women and mothers can get quality life insurance from their smartphone.

mirador tech


Mirador provides a business lending platform to support established lenders with borrower acquisition, digital application, decisioning and borrower communication. Mirador leverages a streamlined user experience to create profitability and efficiencies in the lending process, giving traditional lenders the edge they need to compete.

mortgage hippo


MortgageHippo offers credit unions, lenders and brokers a borrower-centric digital mortgage platform that provides a modern borrowing experience, improves conversions, reduces origination costs, and integrates with other innovative technologies in the mortgage industry.


Rippleshot provides transaction monitoring and fraud detection technology for financial institutions, processors, and merchants. Its data consortium can identify payment card breaches at all types of merchants, siphon out which cards are most likely to see fraudulent activity as a result, and subsequently prescribe which transactions to decline with real-time decision rules.



SmartAsset helps consumers make major financial decisions through its interactive modeling tools related to home buying, retirement, insurance, taxes, investing and more. It also provides credit scores and monitoring.


Vault is a workplace benefit that equips employers to assist employees in the elimination of their student loans

Meet the Team

Our team strives to build partnerships grounded in trust, teamwork and mutual success. We believe in investing in people, and we view our investments as a personal commitment. We value genuine relationships; straightforward and transparent communication; and people who like to work hard, enjoy life, and play the occasional round of golf.

Brian Kaas, Managing Director

Brian Kaas

Managing Director

Sam Das

Sam Das


Laura Sievert, Intern

Laura Sievert


Mike Kraus Associate

Mike Kraus


Sara Flory, Sales Planner

Sara Flory

Sales Planner

Carie Champion, Sales Planner

Carie Champion

Executive Assistant

Announcements and News

Stories about our investments, announcements and events.

Are Startup FinTechs Disruptors or Partners for Credit Unions Read More
Oct. 13, 2017

Square: Big Name in Fintech Files for Bank Status Read More
Sept. 19, 2017

CMFG Ventures Announces Investment in Mirador Read More
Aug. 24, 2017

Most Reputable Insurance Companies by Reputation Institute Read More
Aug. 23, 2017

Credit Unions Can Expect Continued Change with Fintech Disruption Read More
June 16, 2017

New Partners For CUs? Read More
June 12, 2017

CMFG Ventures Leads Investment in MortgageHippo Read More
April 18, 2017

Fraud Firm Rippleshot Scores $2.6M, Plans Growth Read More
Feb. 9, 2017

CMFG Ventures Invests in Payment Fraud Detection Startup Rippleshot Read More
Feb. 8, 2017

CMFG Ventures Invests in Rippleshot Read More
Feb. 8, 2017

CUNA Mutual Group Invests in Mobile Lending Tech Firm Read More
Jan. 24, 2017

CMFG Ventures Invests in CUneXus Read More
Jan. 24, 2017

Xconomy – CUNA Mutual Group Venture Arm Exits Stealth, Reveals Investments Read More
Oct. 28, 2016

Wisconsin State Journal - CUNA Mutual creates company to invest in financial startups Read More
Oct. 28, 2016

VC Daily - ForeverCar Lands $10M Read More
Oct. 27, 2016

Private Equity Wire - CUNA Mutual Group invests in ForeverCar Read More
Oct. 27, 2016

CU Today - CUNA Mutual Provides Venture Backing To ForeverCar Read More
Oct. 26, 2016

Milwaukee Journal Sentinel – CUNA Mutual venture arm leads deal Read More
Oct. 26, 2016

Chicago Crain’s - Auto warranty startup raises $10 million Read More
Oct. 26, 2016

CMFG Ventures Announces Investment in ForeverCar Read More
Oct. 26, 2016

CUNA Mutual Group Announces Strategic Investment in Read More
Feb. 23, 2016

Contact Us for More Information