Announcements and News

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

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


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


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


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


Jun. 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


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


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


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


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


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


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


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


Oct. 14, 2019 Getting Started Can Be 'Daunting' Process


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


Aug. 24, 2017 CMFG Ventures Announces Investment in Mirador


Aug. 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