Ten 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, Texas.
"Last year we announced our $1.5 million fundraising round to create a credit union service organization (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.