Unifimoney, a fintech that is building a wealth management
platform for small banks and credit unions, has raised $10 million from investors
that include the Independent Community Bankers of America.
The San Francisco startup has a platform that includes trading in
over 70 cryptocurrencies, along with passive and active investing in stocks,
ETFs and precious metals.
The new
capital will help Unifimoney extend its coverage of alternative assets to
include collectables, sports memorabilia and NFTs. It will also offer a full
suite of retirement accounts with traditional and alternative asset IRAs.
The plan
is to build an investment rewards credit card to let bank and credit union customers
earn points that can be redeemed for investable assets like crypto, stocks and
gold.
Other investors
in the latest round include Oriza Ventures, Altair Capital and Global
Millennial Capital.
The
company, founded in 2019, was selected to be part of the ICBA’s Thinktank
Accelerator 2022.
"Unifimoney's
vision is to not just give community banks and credit unions parity with big brand
banks and fintechs, but better [and] more comprehensive and compelling value
propositions," Ben Soppitt, the startup’s co-founder and CEO, said in the
release.
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