At CU2.0, we work with a lot of fintechs. Fintechs have great ideas, dynamic products, and forward-thinking services. Yet the life of a startup is a tricky one.
One of the biggest obstacles that most fintechs face is funding. Where can Fintechs find venture capital? How can they raise funds?
If your fintech works with credit unions, then VentureTech may be for you.
Introducing the 2019 VentureTech Fintech Conference
VentureTech isn’t exactly a conference. It’s more of a forum for capital investment for organizations operating in the credit union arena. Fintechs can expect to see these potential investors:
- Credit unions
- Credit union leagues
- Credit union venture groups
- Credit union companies
Fintechs who sign up get their own stage time. They can pitch to interested parties, speak with potential investors, and answer relevant questions about their products, services, etc. In their words, they are “striving to minimize geographical barriers, improve collaboration, provide an avenue for investment, and build lasting relationship among investors in the industry.”
The credit union industry is changing as technology continues to progress. Many credit unions are looking to catch up, and many others see the forward progression of fintech innovation and are searching for an opportunity to get ahead.
So, if your credit union is open to funding from, or working with the credit union industry, this is a great fintech venture capital opportunity.
How to Qualify for Fintech Venture Capital
Not just any fintech can qualify. There are a few requirements that must be met in order for a fintech to be eligibile. For example, fintechs must
- Be actively raising capital at the time of VentureTech
- Use funds exclusively for product development, marketing, and sales. Funds may not be used to pay off existing debts.
- At least one majority owner-founder must be a US citizen or permanent resident.
- Show demonstrable product-market fit, and growth potential must be clear and well-supported
If you’d like to see a full list of stipulations for eligibility, check out their fintech requirements page here. The requirements are relatively easy to fit. So, if your fintech is looking for an opportunity to pitch to and collaborate with credit unions and other credit union businesses, VentureTech 2019 may fit the bill.
To learn more or to register, visit the VentureTech website.
Credit Unions Are Welcome, Too
VentureTech is also a great chance for credit unions to see what’s going on in the fintech world. If your credit union is looking to modernize, the presenters at VentureTech will undoubtedly provide you with options.
Maybe you need better mobile banking to keep your younger members happy. Or maybe you need an analytics solution to help you maximize your loan portfolios. Or, perhaps you’re ready to see what kind of AI you can work with.
Even if you don’t know what you’re looking for yet, there’s a strong likelihood that a couple of the fintechs and CUSOs presenting at VentureTech will have something you can use.
Credit unions can register to watch presentations and videos here.
Additional Resources for Fintechs in the Credit Union Market
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