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