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AKUVO Lands CUSO Investment, Three New Clients

MSUFCU signs on as a client and its CUSO, Reseda Group, commits to funding.

fintech acquisition Source: Shutterstock.

AKUVO, a technology company providing portfolio risk and delinquency management solutions for credit unions, has received new funding from Reseda Group, a wholly-owned CUSO of the $6.7 billion, East Lansing, Mich.-based MSU Federal Credit Union, AKUVO announced Monday. The amount of the investment was not publicly disclosed.

In addition to the new funding, AKUVO kicked off 2022 with three new clients, including MSUFCU, which is the credit union serving Michigan State University and has over 320,000 members, and Credit Union of Colorado ($2.3 billion, Denver, 148,000 members). The name of the third client was not disclosed. All three new clients plan to leverage AKUVO’s flagship product, the delinquency management and portfolio analytics platform Aperture, which is cloud-based and designed to streamline day-to-day collection activities as well reduce delinquency using data and behavioral science tools like artificial intelligence, machine learning and natural language processing, according to AKUVO.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.

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