fintech | WRAL TechWire - Part 11


Fintech startup Constellation lands $500K, nears Credit Union product launch

Constellation Digital Partners, a Raleigh-based fintech startup backed by a growing number of credit unions, has closed on another $500,000 as it nears product launch. Constellation officially launched on May 2 with technology that specifically targets credit unions. The startup is promising “a complete suite of digital financial services dedicated solely to credit unions” that “will allow credit unions and members to choose which services to use inside of a secure banking experience.” Coastal Credit Union in Raleigh and a group of other CUs as well as service providers have already pumped some $9 million into the venture after...

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Hustling in comfort at the beach delivers fast results for fintech startup nCino

Just last week, nCino was recognized by Deloitte as the fastest growing company in North Carolina and number 189 among the 500 fastest growing tech companies in America. This fintech banking software company is not in Raleigh, Durham or Charlotte, but at the beach in Wilmington. nCino has been recognized by Forbes Magazine as one of the Top 100 most promising companies in America – the only company on this list from North Carolina. Between parent company Live Oak Bank and spinout nCino, they have hired over 300 UNC Wilmington graduates. They are consistently listed as the Best Place...

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Fintech startup Constellation lands another $3M, new backer

Constellation Digital Partners, a Raleigh-based startup launched after research and development at Coastal Credit Union, has raised another $3 million in financing and secured a new partner. California-based Kinecta Federal Credit Union, which manages more the $4 billion in assets, made the investment. Constellation CEO Kris Kovacs, who led development of the fintech platform at Coastal and was named CEO of the new company formed by Coastal and other partners, had already secured backing from seven partners earlier this year: “Kinecta is an invaluable asset to us and we’re honored to work with them. This strategic partnership puts us...

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