VentureTech Fintech Showcase Impressed Forward-Thinking Credit Unions

Jenny Jackson

VentureTech, the credit union industry’s premier fintech showcase, wrapped up on November 9 after three days of engaging pitches, extensive networking and enlightening demonstrations by startups and growing companies working to bring cutting-edge financial technology to credit unions.
 
For the event, a selection committee of industry experts hand-picked 16 companies to pitch from more than 50 applicants. As a highlight of VentureTech, these up-and-coming fintech companies presented emerging technologies that promised to help credit unions lend more efficiently, deepen member relationships, solve problems, expand services and more. A Launch Party event showcased an additional 10 fintech launching from accelerators.
 
During the event, audience members voted on Best in Show award winners. Goalsetter, a financial management and education app featured on Shark Tank and the Today Show, won the event’s Best Fintech Pitch award, sponsored by NACUSO. Arcanum, which specializes in authentication technology and passcode systems, won the Best Accelerator Pitch award, sponsored by LenderClose and Eltropy. Both Goalsetter and Arcanum received a monetary prize of $2,500 each. A third fintech, Ranqx, which harnesses the power of data to speed commercial lending processes and reduce cost, was named Best Fintech Pitch runner up.
 
Nick Evens, CEO of Curql Collective, said the response to this year’s VentureTech was outstanding. “We have heard from many attendees that VentureTech is their favorite credit union event,” he said. “The numbers certainly back this up, as we went from 225 attendees last year to 350 this year, which is solid growth for us.”
 
Jenny Jackson, sales distribution channel and alliance manager for CSS, echoed Nick’s sentiments, adding, “Aside from this being our biggest event to date, the quality of fintech solutions and pitches were phenomenal, and the Launch Party with Ashish Garg from Eltropy as MC was energetic and fun. We’re not the only ones looking forward to next year.”

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