FOR IMMEDIATE RELEASE
Jennifer Jackson – CUNA Strategic Services 608-231-4102 email@example.com
Nick Evens – The Veridian Group, Inc. 319-833-1496 firstname.lastname@example.org
MADISON, Wis. (October 24, 2019) - 10 FinTech companies from across the country will pitch their credit union-business solutions to industry investors at the 2nd annual VentureTech in hopes of earning investment capital to bring their ideas to the credit union market. Created by CUNA Strategic Services, Open Technology Solutions and The Veridian Group, this event recognizes rising FinTech’s whose products and services can give credit unions a competitive edge in the financial services marketplace. This year's event will be hosted by Alkami Technology on November 13-14, in Plano, TX.
"Last year we announced our $1.5M fundraising round to create a CUSO focused on conversational AI,” said Karan Kashyap, Co-Founder/CEO of Posh and a participant at last year’s event. “We received a lot of interest from VentureTech both from credit unions interested in investing and from other CUSOs interested in partnering with us. A few months later thanks to the exposure we received, we were oversubscribed on our fundraising round. Now we are turning to VentureTech once again to kick off our second fundraising round for our now-established CUSO venture!"
The following 10 FinTech’s (chosen out of 32 companies), along with Posh, will present their business solutions to industry investors this year:
“Instead of waiting for technology to come to market, VentureTech allows the credit union industry to be proactive in building its competitive advantage in the digital space,” said Nick Evens, President of The Veridian Group. “By recognizing and investing in promising FinTech’s, we're providing innovative, digital-first solutions that will drive the movement forward.”
The panel that selected this year’s FinTechs include:
Learn more about the event at myventuretech.com.
About CUNA Strategic Services
CUNA Strategic Services develops strategic alliance relationships to offer quality products and services to your credit union that contribute to your bottom line, add to your peace of mind, and enhance your relationships. The company is jointly owned by Credit Union National Association and the state leagues. For more information, visit www.cunastrategicservices.com.
About The Veridian Group, Inc.
The Veridian Group, Inc. is a wholly owned subsidiary of Veridian Credit Union. Headquartered in Waterloo, Iowa, The Veridian Group offers innovative and collaborative financial products and services through Credit Union Service Organizations like Veridian Fiscal Solutions and Veridian Insurance. The Veridian Group holds equity positions in several CUSOs across the United States.
About Open Technology Solutions
Open Technology Solutions, LLC (OTS) is a Credit Union Service Organization (CUSO) providing information technology services to its three, owning-credit unions and another CUSO: Bethpage Federal Credit Union (Bethpage FCU), Bellco Credit Union (Bellco), State Employees Credit Union of Maryland (SECU) and S3 Shared Service Solutions, LLC (S3). Based in Centennial, Colorado, the company delivers a broad range of remote and on-site managed information technology services including infrastructure, security, core business application and software development/integration services. For more information about OTS, please visit www.open-techs.com.