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[Funding News] Scienaptic CUSO Secures Strategic Investment from Credit Union Clients

Scienaptic AI, a New York-headquartered, leading AI-powered credit underwriting platform, announced that its Credit Union Service Organization (CUSO) has received strategic equity investments from six of its credit union clients.

Scienaptic AI, a New York-headquartered, leading AI-powered credit underwriting platform, announced that its Credit Union Service Organization (CUSO) has received strategic equity investments from six of its credit union clients.

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The CUSO is driven by a coalition of visionary credit unions—ELGA Credit Union, Wildfire Credit Union, 4Front Credit Union, CoVantage Credit Union, Credit Union of Colorado, and People Driven Credit Union—representing a presence across Michigan, Colorado, Wisconsin, and Northern Illinois.

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Becoming a CUSO underscores Scienaptic’s unwavering commitment to the credit union community and their guiding principle of “people helping people.” Through this initiative, credit unions will gain access to industry-leading credit origination and lifecycle management solutions, that are designed to enhance financial inclusion and improve member experience.

“As credit unions with a shared legacy of serving our communities, we see AI as a powerful tool to enhance our member experience and to advance financial inclusion. Partnering with Scienaptic CUSO allows us to harness the precision and speed of AI to deliver personalized loan solutions, improve credit access, and drive operational efficiency. Together, we’re committed to leveraging AI to create a brighter financial future for our members and communities,” said Renee DeMarco, President and CEO of People Driven Credit Union; Chad Wilcox, Senior Vice President of Lending at Credit Union of Colorado; Brett Lee, Chief Retail Officer at CoVantage Credit Union; Terry Katzur, CEO of ELGA Credit Union; Benjamin Denay, President & CEO of Wildfire Credit Union; and Andy Kempf, CEO of 4Front Credit Union, in a joint statement.

Pankaj Kulshreshtha, Founder & CEO of Scienaptic Systems, added, “At Scienaptic CUSO, we are passionate about delivering advanced underwriting technology to institutions on the frontlines of lending within communities. It has been an immense privilege to support these credit unions in making significant impact in our communities. Their material investment in us is deeply energizing and a testament to our shared vision of driving financial inclusion and empowering members over the long term.”

About Scienaptic

Founded in 2014, Scienaptic AI was built with a mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates over 200 years of combined credit risk expertise and a decade of technological innovation, integrating diverse data sources, advanced machine learning algorithms, and comprehensive risk and fair lending monitoring processes.

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