The MD|DC Credit Union Association hosted its second annual FinTank competition with digital lending platform WithClutch as the 2022 winner.
During day two of the Association’s Tech Summit, seven fintechs pitched their cutting-edge solutions to the most pressing issues facing credit unions. WithClutch earned the most votes from attendees who decided the winner in real time via an online poll.
“Congratulations to all of our competitors,” said John Bratsakis, President and CEO, MD|DC Credit Union Association. “FinTank was a great opportunity to engage directly with fintechs that are developing solutions designed to deliver results for credit unions.”
WithClutch offers an end-to-end digital solution that allows credit unions to lend like a FinTech, provide frictionless loan application experiences to its members, identify high interest loans that members hold outside the credit union and offer alternative loans that can save them money. The fintech is funded by Silicon Valley's powerhouse Andreessen Horowitz and earlier this year announced a partnership with CMFG Ventures, the venture capital arm of CUNA Mutual Group.
“Our mission is to help credit unions embrace digital technologies. I'm overwhelmed by the excitement of Maryland and DC area credit unions and humbled by the vote of confidence of our clients in the area,” said Nicholas Hinrichsen, CEO and co-founder of WithClutch.
CU 2.0’s Chris Otey and the MD|DC Credit Union Association’s John Bratsakis served as FinTank co-hosts, facilitating follow up questions with the voting audience and asking some of their own.
The other competitors included: Chimney, CuneXus, Eltropy, Equipifi, MemberPass, and Zest ai.