Reseda Group invests $2 mn in five emerging fintech companies

Reseda Group, a credit union service organization of MSU Federal Credit Union, is investing more than $2 million to support five emerging fintech companies – Strivve, Facteus, Pocketnest, Tandem and Ascent.
VC funding for tech“As the credit union industry continues to embrace fintech partnerships to build out stronger digital experiences and new growth opportunities, Reseda Group is proud to help foster next-generation technologies and make them more accessible to credit unions,” said April Clobes, President and CEO of Reseda Group and MSUFCU.

Strivve, a startup based in Seattle to help credit unions increase card usage and transaction volume by providing cardholders a way to instantly add or update cards online through its platform. It utilizes automation to instantly place any new or reissued credit card on any online account.

Facteus, a data-as-a-service (DaaS) company headquartered in Portland, Ore., specializing in providing comprehensive consumer spending data to businesses in the financial sector, retail, government, research, and beyond. The company delivers actionable insights derived from alternative data sources, empowering clients to make data-driven decisions.

Pocketnest, a Detroit-based, fintech mobile app that licenses and white-labels its financial wellness software to financial institutions and employee wellness programs to coach their communities to comprehensive financial wellness – while driving business growth and identifying revenue opportunities.

Tandem, a platform that is creating the infrastructure to capture the entire household’s financial product purchases from day one. Tandem helps Gen Z and Millennial couples navigate their first money milestones and ultimately their financial futures by introducing them to life-stage relevant financial products.

Ascent, a New York startup building the next-generation data platform that provides financial institutions with the tools and knowledge required to service their customers.