Announcements and News

Here’s what happening at CMFG Ventures and in the larger financial technology space.

CMFG Ventures Announces New Fintech Forum

CMFG Ventures, the venture capital arm of CUNA Mutual Group, launches the Fintech Forum, a new online community of credit union leaders, fintechs and industry partners to foster innovation, share knowledge and discuss topics impacting the future of financial services. This first virtual event will be held on December 9 and will focus on the future of auto buying and its impact on credit union auto lending.

Venture Capital Arm of CUNA Mutual Group Launches Discovery Fund Targeting Early-Stage Start Ups Founded by People of Color and Women

CMFG Ventures Discovery Fund will invest $15 million in early-stage companies with underrepresented founders over the next three years.

Digital Transformation: CU Tech Trends to Know

Interview with Brian Kaas, President and Managing Director, CMFG Ventures

CUNA Mutual Group Fortifies Commitment to Digital Expansion By Acquiring CuneXus

CUNA Mutual Group acquires CuneXus, an award-winning Santa Rosa, California-based start-up firm providing financial institutions an all-in-one digital lending platform.

Coverance Insurance Solutions Raises $10.5 Million led by CUNA Mutual Group

Coverance Insurance Solutions is pleased to announce a $10.5 million financing led by CUNA Mutual Group, with participation from existing investor Strandview Capital.

Steady's FinTech Catalyst Incubator Results

Through a partnership with CMFG Ventures, Filene Research Institute continues the work of the FinTech Catalyst Incubator to test and analyze the desirability and feasibility of Steady and its ability to create positive impact for credit unions and their members.

Fintech Offering Refi’s of Auto Loans Gets New Funding

A fintech startup focused on the refinancing of auto loans said it has raised $8.6-million in a Series A funding round. CMFG Ventures, the venture capital arm of CUNA Mutual, is among the investors, along with Motley Fool Ventures, Link Ventures and other firms.

CMFG Ventures' Sam Das - Fintech or Foe...

CMFG Ventures Principal Sam Das shares his insights on investing in the next big thing - fintech or foe. Sam explains further if credit unions need to invest in technology to take on the fintechs at their own game or look for opportunities to partner with them.

CMFG Ventures Invests in BankBI

BankBI Ltd, a leading cloud-based financial performance analytics application for the banking and financial services industry, today announced a Series A investment by equity investor CMFG Ventures, the venture capital arm of CUNA Mutual Group.

Are Startup FinTechs Disruptors or Partners?

We know that disruption is occurring in financial services, but with all the hype in the market, it can be hard to know how to respond.

Square: Big Name in Fintech Files for Bank Status

San Francisco-based Square, which offers card readers and a payments app, has confirmed to CU Times that is has filed an application for an industrial loan charter with the FDIC.

New Partners For CUs?

CMFG Ventures–the venture capital arm of CUNA Mutual Group–expects the investments it’s making in startups will help credit unions keep pace with all the “market disruption” taking place within financial services.

Fraud Firm Rippleshot Scores $2.6M, Plans Growth

Chicago-based fraud analytics startup Rippleshot recently announced it raised $2.6 million in venture capital funding from a number of contributors. The funding round was led by venture capital firm KDWC and saw participation from CMFG Ventures, the venture capital arm of CUNA Mutual Group.

CUNA Mutual Group Invests in Mobile Lending Tech Firm

A branch of CUNA Mutual Group said Tuesday that it has invested in a California technology firm that provides credit union members with an easy way to explore and apply for loans online or via their mobile devices.

In The Press


November 10, 2021 Leading Auto Refinance Platform MotoRefi Rebrands to Caribou


November 9, 2021 TRED Announces $25 Million in Series B Funding


October 28, 2021 Insurtech Leadership Podcast with Brian Kaas, President & Managing Director of CMFG Ventures


October 26, 2021 New Digital Investment Platform Stackwell Aims to Close Racial Wealth Gap


October 26, 2021 American Banker presents 6 Venture Funds Connecting Banks and Credit Unions with Fintechs


July 29, 2021 Ethos Raises $100 Million: Financing Moves


July 21, 2021 Atlanta startup Artis Technologies founded by former GreenSky employees raises $7M


June 26, 2021 A Maltese Unicorn: Startup Co-Founded By Maltese Coder Receives Staggering Billion Dollar Valuation


June 23, 2021 Eltropy Raises $25 Million in Series A Funding to Expand Digital Communications Platform for Financial Institutions


June 22, 2021 Happy Money Doubles Down on Distributed-First as the Future of Work


June 18, 2021 Splash Financial Raises $44 Million in the Latest Investment Round


June 4, 2021 Acceleration of Digital and Tech Adoption


May 28, 2021 Goldman Sachs leads $45M Investment Into Auto Fintech Startup MotoRefi


April 27, 2021 Digital bank Current triples valuation in five months to $2.2 billion after Andreessen takes stake


August 18, 2020 CuneXus and Pulsate Collaboration Delivers 55% Lift in Mobile Loan Production


August 4, 2020 Happy Money Adds GreenState Credit Union to its Growing List of Mission-Aligned Financial Partners


June 17, 2020 CUNA Mutual joins basketball legend Shaq as investor in Atlanta income-building startup


May 26, 2020 Northwestern Mutual, CUNA Mutual co-lead $12.3M investment in Cleveland startup


April 14, 2020 Leading U.S. job platform goes into overdrive to help workers suffering from traumatic income loss due to COVID-19


April 2, 2020 Life insurance startup Jenny Life raises $3.5M, sees huge engagement spike due to COVID-19


March 31, 2020 Fintech Veteran Jeff Winner Joins The Happy Money Movement


March 18, 2020 Voya to Provide Student Loan Debt Solution to its Workplace Clients


March 11, 2020 CuneXus Wins Best 2020 Consumer Lending Company Award from Fintech Breakthrough


February 25, 2020 Happy Money® and Teachers Federal Credit Union Start Strategic Partnership


January 29, 2020 Gabi raises $27 million to disrupt consumer insurance and automate paperwork


October 14, 2019 Getting Started Can Be 'Daunting' Process


October 14, 2019 Fintechs and Credit Unions Teamup to Design Tomorrow's Consumer Experience


August 24, 2017 CMFG Ventures Announces Investment in Mirador


August 23, 2017 Most Reputable Insurance Companies by Reputation Institute


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


April 18, 2017 CMFG Ventures Leads Investment in MortgageHippo


February 8, 2017 CMFG Ventures Invests in Rippleshot


January 24, 2017 CMFG Ventures Invests in CUneXus