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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
A major sell-off in the stock market is giving investors jitters as August begins in earnest. Funding news for companies in lending and wealth management leads the fintech news this week. Be sure to check back over the next few days for the latest updates and announcements.
Lending
U.K.-based SME lender Shawbrook partners with nCino to automate loan origination.
Alternative financing company for mid-sized SMEs, ThinCats, secures a £75 million mezzanine facility.
Bankjoy, a digital banking provider for banks and credit unions, announced a partnership with Pinwheel this week.
Bankjoy will help its more than 70 bank and credit union customers integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime.
Pinwheel Prime has been credited with increasing direct deposit enrollment by 32%.
Digital banking provider Bankjoy has partnered with Pinwheel to help financial institutions remove friction from the account activation process.
Via the partnership, Bankjoy will enable its 70+ bank and credit union customers to integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime. Pinwheel Prime offers a two-click deposit switch that enables customers to set up their direct deposit in seconds rather than dealing with a multi-step process that requires customers to exit the banking experience.
“By seamlessly integrating from Bankjoy online account opening through various tightly-knit third-party integrations like Pinwheel, we can equip our clients to excel in the competitive deposit market,” Bankjoy COO Weiwei Duncan said. “Our goal is clear: to ensure that our clients not only compete but win the deposit war, leveraging technology to streamline processes and enhance user engagement.”
According to research from Pinwheel, solutions that make deposit switching faster and easier can significantly impact deposit growth. Pinwheel’s own deposit switching technology can enable FIs to boost direct deposit enrollment by 32%, and reduce the amount of time before a customer makes their first direct deposit by 65%.
“With this collaboration, we can bring the ability to easily switch direct deposit settings to an even wider set of consumers, facilitating a fairer financial systems with greater choice and portability,” Pinwheel Co-founder and CEO Kurtis Lin said.
Headquartered in New York and founded in 2018, Pinwheel began the year teaming up with Finovate alum Jack Henry to imbed its direct deposit switching (DDS) solution into Jack Henry’s Banno Digital Toolkit. Pinwheel has raised $77 million in funding according to Crunchbase, and includes Indeed and Franklin Templeton among its investors.
A Finovate alum since 2016 , Bankjoy most recently demoed its technology at FinovateFall last year. At the conference, the company, in partnership with Panacea Financial, showing how the fintech helped the digital neobank provide financial services to medical professionals.
So far this year, Bankjoy has added two new financial institutions to its customer base: Oregon State Credit Union, which teamed up with Bankjoy in February, and Emporia State Federal Credit Union, which partnered with Bankjoy in March. Oregon State CU ($2+ billion in assets; 142,000+ members) will deploy Bankjoy’s online account opening solution as part of its strategy to fuel new member acquisition and grow deposits. Emporia State FCU, headquartered in Emporia, Kansas, launched its online and mobile banking app in March courtesy of its partnership with Bankjoy. Emporia State FCU has more than $130 million in assets and 7,800+ members.
Founded in 2015 , Bankjoy is headquartered in Royal Oak, Michigan.
We’re starting off the week with a major acquisition in the U.K. lending space, as well as fintech funding news in payments, wealth management, and financial education.
Digital banking
Missouri-based Central Bank leveragesPersonetics’ AI-driven engagement platform to enhance financial wellness.
SaaS core modernization and transformation solution provider for banks Zafinunveils new tools – Dynamic Cohorts and Signals – to enhance customer personalization and engagement.
Digital banking experience platform Plumeryannounces availability on Google Cloud Marketplace.
Emporia State Federal Credit Union launches new app courtesy of a partnership with digital banking solution provider Bankjoy.
Bank integration provider AccessPaysecures $24 million in equity and debt financing.
Integrated payments company Bluefinadds 23 new devices, 6 new applications, and three new key injection facilities (KIFs) to its Encryption Management Services P2PE Component listing.
Germany payment management platform NX Technologiesraises $23.8 million (EUR 22 million) in Series B funding.
Stripeteams up with Amazon to power payments for Just Walk Out technology in Australia and Canada.
Desjardins partners with cloud banking firm nCino to leverage its Automated Spreading Solution to enhance lending.
Open banking
Dwollaexpands its partnership with MX to power account aggregation and verification.
Open banking platform Link Moneyforges partnership with Silicon Valley Bank to enhance ACH processing and money movement for merchants.
Wealth management
Online trading and investing platform Robinhoodlaunches rewards credit card for its Robinhood Gold subscribers.
Wealth-building platform Belongsecures $3.7 million (£2.95 million) in pre-seed funding.
Multi-asset class investment accounting platform FundGuardraises $100 million in Series C funding.
Financial education
Wealth building and financial education platform Goalsetterclosed a $9.6 million Series A extension round.
Cash management
Cash-flow management platform SettlelaunchesAutomatic 3-Way Matching for Purchase Orders.
Fraud prevention
Plaidforges partnerships with Sandbox Banking and RealPage to help fight fraud in the customer experience.
AI-powered fraud and risk platform DataVisorlaunches its end-to-end anti-money laundering (AML) solution.
Financial crime compliance company Napier AI reports that its customer Banco do Brasil has won the Celent Model Risk Manager 2024 Award for combatting financial crime.
Visaadds three new AI-powered risk and fraud prevention solutions.
Cryptocurrencies / Blockchain
Revolut and Layer 1 blockchain Sui team up to boost blockchain education and adoption.
Trading and investing platform eToroadds 12 new altcoins to its cryptocurrency offerings.
Identity management / verification
ID verification company AU10TIXunveils expanded Digital ID solution.
Insurtech
Rewards credit card company Yonder to offer its members a new travel insurance experience courtesy of a partnership with embedded insurance orchestration firm Qover.
New Jersey’s largest credit union, Affinity Federal Credit Union, partners with Insuritas to launch Affinity Insurance Agency.
PayPal Ventures and MassMutual Ventures lead $47 million Series C funding round for Indonesian insurtech Qoala.
Mortgagetech
Equifax UKteams up with Homely to help first-time homebuyers become “mortgage-ready.”
Headlines announcing layoffs in fintech and banking have been pulsing throughout the news cycle since the start of last year. And according to one fintech expert, we may see more throughout 2024.
And while there is no doubt that layoffs and job losses are personally devastating to those involved, there may be a silver lining. Freeing up talent– especially experienced and/or technical talent– allows other organizations in the sector the opportunity to capture new, experienced professionals while offering individuals the chance to level up their career.
In a series called Fintech Founders, our sister publication Fintech Futures recently produced five videos on hiring. The videos capture founders’ thoughts on their internal hiring process, how they intentionally build their company culture, their hiring strategy, how they create a versatile team, and upcoming industry trends.
To kick off Finovate’s commemoration of Black/African-American History Month this year, we’re highlighting some of the Black and African-American fintech professionals who represented their companies and their fintech innovations at our Finovate conferences in 2023.
Andre Llewellyn – Marketing Consultant/Advisory Board Member with AI Squared
Along with company CTO Michelle Bonat, Andre Llewellyn helped demonstrated the new Generative AI-based features on AI Squared’s platform at FinovateFall last year.
The company’s technology enables financial services companies to leverage Generative AI – and their own data – to maximize their enterprise assets.
A marketing consultant and AI Squared Advisory Board member, Llewellyn is a marketing veteran whose insights helped fuel new product and brand launches for Procter & Gamble, Instagram, Hashflow, and Candy Digital. He is a graduate of the NYU Stern School of Business.
Michael Duncan’s Bankjoy made its first Finovate appearance in 2016.
The company, which returned to the Finovate stage in 2022 and 2023 for FinovateFall, helps community banks and credit unions access modern banking technology. Bankjoy’s solutions help FIs better target specific market niches and deliver superior digital banking experiences.
Duncan (CEO) co-founded Bankjoy in 2015. Headquartered in Royal Oak, Michigan, Bankjoy has more than 60 clients, more than 120 integrations, and serves more than 1 million customers and members of banks and credit unions. This week, the company announced a new partner – Oregon State Credit Union – that will deploy Bankjoy’s online account opening and loan application.
Mountain View, California-based DataVisor made its Finovate debut last year at FinovateFall 2023.
Solutions Engineer Ryan Nichols (shown) joined company CRO Kevin McWey on stage as they demoed DataVisor’s Fraud & Risk Platform. The company’s solution supports the entire fraud workflow in a self-service solution that is single and flexible.
A software developer and solutions architect with experience at firms like CenturyLink and Internet publisher Giant Oak, Nichols joined DataVisor in 2021. As of the spring of 2023, he is both a Cryptocurrency Tracing Certified Examiner (CTCE) and a Certified Cryptocurrency Risk Specialist (CCRS).
Nate Gibbons – Chief Experience Officer with QuickFi
Nate Gibbons, QuickFi’s Chief Experience Officer, is no stranger to Finovate audience – nor to the Finovate Best of Show awards.
The company, an innovator in embedded financing for business equipment, has won Best of Show on two occasions: FinovateSpring 2022 and 2023. And Gibbons was part of the winning team both times (along with colleague Jillian Munson, VP of Process & Automation with QuickFi).
An alum of the University of Rochester Simon Business School, Gibbons is also a Certified Lease and Finance Professional (CLFP). Previous to his tenure at QuickFi, he was Project Manager and subsequently Vice President at First American Equipment Finance.
The company is an Equity, Diversity, & Inclusion firm that consists of The Urban Labs (services) and Lexicon (products). The Lazu Group made its Finovate debut last year at FinovateSpring, demoing its CULTURL Heritage Calendar that offers “content, ideas, and resources for creating timely communication to promote empathy and curiosity and encourage cross-cultural dialogue.”
Lazu is a speaker, a lecturer at the Massachusetts Institute of Technology, and an author. Her book, From Intention to Impact: A Practical Guide to Diversity, Equity, and Inclusion, was published this year. Lazu is also a former banking professional, having worked as EVP and Chief Experience and Culture Officer for Berkshire Bank in Boston.
ModernTax founder and CEO Matthew Parker introduced his company to Finovate audiences last year at FinovateSpring. ModernTax is a data company that makes tax and financial data on non-public entities more accessible. The company has created a verification platform that includes more than seven million businesses, and ModernTax has validated tax records for “hundreds of thousands” of them.
Before launching ModernTax, Parker was co-founder and CEO of Rapidly.co, a SaaS platform that connects accountants, enrolled agents, and tax professionals to their clients online. We caught up with him last fall to talk about the founding of ModernTax and what it means to have a more transparent financial ecosystem.
FinGoal first introduced itself to Finovate audiences at FinovateFall in 2021. But it was the company’s return to the Finovate stage the following spring that earned the Colorado-based fintech its first Best of Show award.
Led by Ariam Sium, VP of Product (shown) and Jenn Underwood, Product Analyst, FinGoal’s demo of its Aggregator Switch Kit showed how developers can readily transition from their current data aggregator to access the most enriched and reliable data available.
Finovate VP and host of the Finovate podcast Greg Palmer sat down with Sium in the wake of FinGoal’s Best of Show win last year. Check out their conversation from last summer.
AI Squared made its Finovate debut at FinovateSpring 2023. The company, founded in 2019 and headquartered in Washington, D.C., specializes in helping companies integrate AI and machine learning functionality into any web-based application. Leading the company’s demo was founder and CEO Benjamin Harvey.
With a Master’s degree and a Doctor of Science in Computer Science – as well as years spent as both a Research and Assistant Professor – Harvey brings a wealth of academic experience to the challenge of entrepreneurship and innovation in the fintech space.
We discussed this, and other aspects of his background and goals, in a Finovate blog interview back in August of last year.
A look at the companies demoing at FinovateFall in New York on September 11 and 12. Register today and save your spot.
Through its digital banking platform, Bankjoy empowers Panacea Financial, a neobank serving medical professionals, to offer more value for customers.
Features
Enables digital banks and neobanks to target specific markets with a superior digital banking experience
Integrates with a variety of core platforms and third-parties for a feature-rich UX
Why it’s great
Bankjoy’s intuitive digital banking platform, which integrates with a variety of core platforms and third-parties, is an excellent fit for neobanks aiming to offer more value to their customers.
Presenters
Michael Duncan, Co-Founder & CEO, Bankjoy Before founding Bankjoy, Duncan managed software development for a large credit union in Michigan, including the development of their mobile banking app. LinkedIn
Dr. Ned Palmer, Co-Founder & COO, Panacea Financial In addition to founding Panacea Financial in 2020, Palmer is an Instructor at Harvard Medical School and an Attending Physician at Boston Children’s Hospital. LinkedIn
Digital banking provider Bankjoy announced an integration with Fiserv Portico, a full-service account processing system.
The integration will enable credit unions working with Fiserv Portico to offer their members an online and mobile banking experience with a modern, intuitive UX.
Headquartered in Detroit, Michigan, Bankjoy most recently demoed its technology at FinovateFall 2022.
Michigan-based digital banking provider Bankjoy has integrated with Fiserv Portico, a full-service account processing system. The integration will enable credit unions using Fiserv Portico to offer an online and mobile banking experience that will attract new members and deepen current member engagement.
“Investing in a truly cutting-edge digital banking solution can seem out-of-reach for institutions without extensive engineering resources and IT budgets,” Bankjoy CEO Michael Duncan said. “Our integration with Fiserv Portico aims to solve this by giving credit unions more flexibility to roll out the digital banking features that today’s members expect in the most efficient and cost-effective way possible.”
Founded in 2015 and built by credit union executives, Bankjoy gives credit unions the ability to offer a wide range of contemporary banking services. These services include both mobile and online banking, e-statements, online account opening, online loan origination, conversational AI, and more.
“Ongoing digital transformation over the last decade has accelerated the need for financial institutions of all sizes to deliver a state-of-the-art digital banking experience,” Duncan said. “Their success as an institution depends on this.” He added that, according to research from McKinsey & Company, the top performing financial institutions receive an average of 24-28 digital banking log-ins per account holder every month. These digital banking customers are driving revenue growth by an average of 10% to 15% each year.
Bankjoy most recently demoed its technology at FinovateFall 2022 in New York. At the conference, the company showed how its Business Banking Platform provides SMEs with a single portal for multiple business accounts, and enables them to manage multiple users, control permissions, send transfers to multiple recipients, and more.
In addition to the company’s integration with Fiserv Portico, Bankjoy has also secured out-of-the-box integrations with third-party partners ranging from Allied Payments and Savvy Money to Vertifi and UrbanFT. This week’s integration news comes a month after Bankjoy announced securing new funding in a round led by Curql Collective. Terms of the investment were not disclosed. Duncan said that the capital will help the company “help more community financial institutions thrive in an increasingly competitive environment.”
Bankjoy, a Michigan-based digital banking solutions provider, has secured new funding. The amount of the investment was not disclosed.
The round was led by credit union service organization (CUSO) Curql Collective and featured participation by current and prospective credit union clients of Bankjoy.
Bankjoy made its most recent Finovate appearance at FinovateFall last September.
Digital banking solutions provider Bankjoyannounced a new investment round led by credit union service organization, Curql Collective. The amount of the funding was not immediately disclosed. In addition to Curql, a number of Bankjoy’s current and prospective credit union clients also participated in the round. Among these investors were AEA Credit Union, Community Wide Federal Credit Union, and Statewide Federal Credit Union.
“We are thrilled to bring Curql on as an investor as Bankjoy continues to grow, as this latest round of funding will allow us to pursue new opportunities to redefine the digital banking experience and help more community financial institutions thrive in an increasingly competitive environment,” BankJoy CEO Michael Duncan said.
A Finovate alum since 2016, Bankjoy most recently demonstrated its technology at FinovateFall last September. At the conference, the Detroit, Michigan-based company showcased its business banking platform that makes it easier and more cost-effective for FIs to deliver digital banking technology to their banking customers. The platform provides a single portal for multiple business accounts, as well as the ability to manage multiple users, control permissions, send transfers to multiple recipients, and more. The Bankjoy Business Banking Platform features more than 60 integrations with core banking platforms and other third-party vendors.
“We build all of our products in-house,” Duncan said at the beginning of his FinovateFall demo in 2022, “because we believe that’s the best way for us to deliver the most seamless, and the most beautiful, and the most visually consistent digital experience across all these channels.”
Bankjoy’s funding news comes a little over a month after the company launched its Online Account Opening 2.0 solution. The new offering enables financial institutions to quickly and seamlessly onboard new customers. The process takes 90 seconds, including ID upload and a selfie match, to ensure a secure and efficient experience for members and clients. The company ended last year having inked deals with a trio of credit unions – Mobility CU of Irving, Texas ($350 million in assets); Lafayette FCU of Rockville, Maryland ($1.6 billion in assets); and SIU CU of Carbondale, Illinois ($465 million in assets).
“Over the last 12 months, 43 percent of small businesses have increased their use of online banking services via computers or tablets, and 40 percent used more mobile banking services, according to Ernst & Young data,” Duncan said. “Clearly, a majority of businesses now expect to be able to engage with their financial institutions through digital channels and this is what Bankjoy’s business banking platform was designed to solve.”
We featured Michael Duncan in our look at black and African American Finovate alums as part of our Black Heritage Month commemoration in February.
For a second year in a row, Finovate is commemorating Black History Month by showcasing those Black and African-American founders and executives who demoed their company’s fintech innovations on the Finovate stage in 2022.
Ariam Sium – VP of Product with FinGoal
Sium not only leads Product at FinGoal, the self-described “Listener. Thinker. Doer” also led FinGoal to a Best of Show award at FinovateSpring last year. In her role at FinGoal, Sium said that she uses the tenets of focus and value to govern each product decision made in the rapidly changing world of fintech.
FinGoal most recently demoed its technology at FinovateFall in September. The Boulder, Colorado-based company offers an insights platform that helps financial institutions better understand their customers.
Joseph Akintolayo – CEO and Founder of Deposits
Akintolayo is a “builder of ethical products that solve complex problems in fintech, insurtech, and social enterprise.” As CEO and founder of Deposits, Akintolayo heads a startup that offers banks, brands, and communities a plug and play solution to deliver financial services such as payments and lending, without requiring coding experience.
Deposits made its Finovate debut at FinovateFall in September. The Dallas, Texas-based company was founded in 2021.
Left to right: Joseph Akintolayo and Samuel Ailemen of Deposits
Samuel Ailemen – Director of Mobile and Identity at Deposits
As Director of Mobile and Identity at Deposits, Ailemen helped lead the company’s demo at FinovateFall 2022. A fraud prevention expert who is “building cool stuff everywhere”, Ailemen leverages his talent as “a software engineer who loves research” to solve real-world problems using new technologies.
Nathan Gibbons – Chief Experience Officer at QuickFi
Gibbons oversees the customer experience at QuickFi, a company that provides “nearly instant,” self-service 24/7 term financing to business equipment buyers. Demoing the company’s technology at FinovateFall last year, Gibbons and colleague Jillian Munson earned QuickFi its first Finovate Best of Show award.
A C-suite executive with QuickFi since 2018, Gibbons previously spent more than 11 years as Project Manager and later Vice President with First American Equipment Finance. QuickFi was launched by founders of First American Equipment Finance in 2018.
Michael Duncan – CEO and Founder of Bankjoy
Founder and CEO of Bankjoy, Duncan demoed his company’s Business Banking Platform at FinovateFall 2022. The company he launched in 2015 offers a range of modern banking technology solutions, including mobile and online banking, as well as a banking API.
Before founding Bankjoy, Duncan spent more than four years as a Programmer/Analyst and later Software Development Manager at Michigan First Credit Union.
Michael Broughton – CEO and Co-founder of Altro
Broughton co-founded and is CEO of Altro, a solution that helps consumers build credit through non-traditional recurring payment processes such as rent and even monthly subscriptions to services like Netflix. Altro’s app is free-to-use, and helps increase financial literacy while boosting existing credit and helping stabilize credit histories. The company made its Finovate debut last May at FinovateSpring.
Broughton is also Vice Chairman of the Board of Directors for the USC Credit Union (since 2017), and was both a Scout at Sequoia Capital and a Thiel Fellow at The Thiel Foundation.
Christen Wright – Head of Product at Spave
As Head of Product at Spave, Wright was part of the three-person demo team that won Best of Show at the company’s Finovate debut last May at FinovateSpring. Spave is a financial wholeness solution that enables users to easily save and donate as they purchase products and services. The Spave app provides purchase tracking and analysis, goal setting, group giving, and more.
Wright has a diverse background, having served in senior management roles at AT&T and Delta Air Lines. A member of 100 Black Men of Atlanta, a mentoring and empowerment organization for African American youth, Wright is a graduate of the University of Georgia’s Terry College of Business, where he earned an MBA.
Anthony Heckman – as Director of Sales at unitQ
Heckman was part of the founding team at unitQ, a company that turns customer insights into data-driven decisions for firms ranging from Chime to fellow Finovate alum Klarna. At FinovateSpring 2022, Heckman led the company’s live demo of its unitQ monitor, which serves as a centralized, searchable, repository for customer feedback.
Heckman founded TWC Advisors in October of last year. The firm specializes in providing go-to-market and sales support to early-stage, high-growth, VC-backed startups.
A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.
Bankjoy’s new Business Banking platform makes it easier for community banks and credit unions to deliver truly feature-rich digital banking technology to their business customers.
Features
Use one portal for multiple business accounts
Manage users & control permissions
Send transfers to multiple recipients & more
Presenter
Michael Duncan, CEO & Co-Founder Before founding Bankjoy, Duncan managed software development for a large credit union in Michigan, including the development of their mobile banking app. LinkedIn
Michigan-based banking solutions provider Bankjoy announced 16 new credit union partners.
Combined, credit unions represent more than 350,000 members and more than $3.3 billion in assets
The partnership news follows the company’s launch of a new small business banking platform.
Digital banking solutions provider Bankjoy has added 16 credit unions to its digital service ecosystem. The new partners combined represent more than 350,000 members and more than $3.3 billion in assets. Additionally, they serve members in states ranging from New Mexico, Texas, and Nevada, to Ohio, Illinois, and Alaska.
The credit unions newly partnering with Bankjoy include:
Cooperative Teachers Credit Union
Directions Credit Union
Elko FCU
Estacado FCU
Firelands FCU
Fremont FCU
Glass City FCU
Impact Credit Union
Las Colinas FCU
Lone Star Credit Union
Midwest Community FCU
OU FCU
Streator Onized Credit Union
Trius FCU
True North FCU
Pyramid FCU
“Credit unions like Estacado, Cooperative Teachers Credit Union and others are partnering with fintechs like Bankjoy to provide modern digital banking platforms that keep pace with members’ needs,” Bankjoy CEO Michael Duncan said. He highlighted growth in deposits in credit unions across the country, adding “as these trends continue, we’re adding more credit unions to our platform and look forward to helping them deliver a superior experience.”
Bankjoy’s partnership news comes in the wake of the company’s addition of a modern business banking platform to its offering. The platform, introduced in December, gives banks the tools its small business customers need and include solutions for invoicing, payroll, company formation, wire transfers, and entitlements.
Headquartered in Detroit, Michigan, and founded in 2015, Bankjoy also reported late last year that it had been chosen as the first official Corelation Certified Partner. The partnership enables credit unions who use Corelation’s Keystone core to efficiently integrate with Bankjoy. It also makes it easy for Bankjoy’s credit union partners to migrate their core to Corelation without disrupting the member experience.
“To support the credit union movement, it is critical for fintechs to partner with likeminded organizations who are committed to a member-centric approach,” Duncan said. “Our collaboration with Corelation has been incredibly successful, delivering tremendous value to credit unions.”
A Finovate alum since 2016, Bankjoy has raised $1.8 million in funding from investors including SixThirty and CheckAlt.
The firms are Fort Community Credit Union, headquartered in Fort Atkinson, Wisconsin; Alltrust Credit Union (formerly Southern Mass Credit Union) based in Fairhaven, Massachusetts; and Statewide Federal Credit Union, headquartered in Starkville, Mississippi.
“We couldn’t ask for a better way to start 2021, signing these three progressive credit unions,” Bankjoy CEO Michael Duncan said. “Since we are now officially in the digital age thanks to the pandemic, these credit unions are now poised to hit the ground running with our most advanced online, mobile, and voice banking technologies. We are excited to see how they will perform and how their members will take advantage of these new offerings.”
Founded in 2015 and making its Finovate debut a year later at FinovateFall in New York, Bankjoy provides financial institutions with a variety of digital banking solutions ranging from mobile / online banking, and e-statements to online account opening and loan origination, as well as access to conversational AI-based products. From flagship banks to credit unions, Bankjoy offers an out-of-the-box alternative to outmoded legacy systems that prevent banks and credit unions from being able to meet the rising digital expectations of their customers and members.
“Bankjoy will improve our credit union’s digital banking solution and offer an experience that is in line with our members expectations,” Alltrust Credit Union Vice President of Operations Stephanie Medeiros said. “Our partnership with Bankjoy will allow us to maintain our commitment to our members while delivering the latest digital technology.”
“The Bankjoy solution will allow our members to access and manage their account from anywhere,” Statewide Federal Credit Union CEO Casey Bacon added. “They will have access to all of the conveniences of modern banking at their fingertips.”
Headquartered in Troy, Michigan, Bankjoy has raised $1.8 million in funding from investors including SixThirty and CheckAlt. The company is an alum of the Y Combinator incubator program.
