Announcements and News

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

Fintech Partners Bolster Credit Union Growth

The days when traditional financial institutions considered fintechs grave threats, poised to steal business by attracting tech-savvy and convenience-seeking consumers, are over. Now, there's a consensus within the credit union industry that joining forces with fintechs is the way to go to boost loan and member growth.

CUNA Mutual Partnering with Fintech to Offer Members a Refinance Option

CUNA Mutual Group said it has entered into a partnership with WithClutch, a fintech platform focused on allowing consumers to refinance high interest consumer loans through a "digitally-enabled and frictionless process.

CarSaver and CUNA Mutual Group Partner to Launch New Online Marketplace and Fintech Platform

CUNA Mutual Group, a broad financial services provider, and CarSaver, the leading automotive e-commerce marketplace and fintech platform have partnered to launch the industry's first online marketplace and fintech e-commerce platform for credit unions.

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.

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.

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

August 3, 2022 Stackwell Successfully Closes $3.5 Million Seed Funding Round

July 29, 2022 Three Ways Financial Institutions Can Support Consumers' Financial Health Journeys Through Fintech Partnerships

June 21, 2022 Bank On It Podcast, Episode 510 Brian Kaas from CMFG Ventures

June 19, 2022 Auto Fintech Caribou Raises $115 Million in Series C Funding, Valuing Company at $1.1 Billion

June 17, 2022 4 USA-based FinTechs That Reached Unicorn Status in 2022

June 10, 2022 Milpitas Communications Startup Eltropy Acquires Video Calling Firm POPio

June 9, 2022 RenoFi Targets Homeonwers Who Don’t Qualify for HELOCs

May 31, 2022 Fintech partnerships: Focus on member value

May 20, 2022 Auto fintech Caribou raises $115 million in Seires C funding, valuing company at $1.1 billion

May 12, 2022 CMFG Ventures Director Elizabeth McCluskey on Fintech Funding, Valuations, and What's Next

May 12, 2022 Bill pay fintech Cushion gets $12M Series A financing to become one-stop bill payment shop

May 12, 2022 "People say, 'Oh, I can never be a homeowner.' Well, have you ever validated that?"

May 6, 2022 CUNA Mutual Group to Rebrand as Trustage

May 5, 2022 CUNA Mutual Group Announces Plans to Unify Under One Brand in 2023

May 2, 2022 Inclusive fintech is hard to do right, so Line has a different direction

May 3, 2022 SteadyIQ Unlocks Insights into Non-standard Workforce for Employers, Governments, Financial Institutions

May 3, 2022 Line Secures $25M in Equity and Debt to Build an Inclusive Financial System

April 30, 2022 What is the Future for Challenger Banks?

April 20, 2022 MPA Product Showcase: RenoFi's Renovation EnablementPlatform

April 14, 2022 From Building 'Human-Like AI' to Raising More Money, Here's What's Next for HomeLendingPal

April 6, 2022 RenoFi Lands $14M Series A to Connect Home Renovators toLenders

February 23, 2022 Splash Financial Experiences Record Growth as Consumer Demand for Student Loan RefinancingSurges

February 22, 2022 Fintech Investment: Many Roads Lead to a CovetedDestination

February 9, 2022 Happy Money Hits Unicorn Status and Raises $50M SeriesD-1

February 8, 2022 5 Black Founders Working to Make the Financial System MoreEquitable

January 26, 2022 Fintech Partnerships 'Integral to Success' of CUs: CMFG VenturesWebinar

January 24, 2022 Humanizing the world of Digital Banking at Allegacy Federal CreditUnion

November 10, 2021 Leading Auto Refinance Platform MotoRefi Rebrands toCaribou

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