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AKUVO, a Malvern, Pa.-based fintech specializing in collections and credit risk, announced Wednesday that it closed a new round of funding totaling $10 million. The investment round's seven participants included the following five credit unions and two CUSOs:

  • VyStar Credit Union ($13.6 billion, Jacksonville, Fla.)
  • BCU ($5.7 billion, Vernon Hills, Ill.)
  • Coastal Credit Union ($4.5 billion, Raleigh, N.C.)
  • Launch Credit Union ($1.3 billion, Merritt Island, Fla.)
  • Financial Plus Credit Union ($1.2 billion, Flint, Mich.)
  • Reseda Group, a wholly-owned CUSO of the $7.2 billion, East Lansing, Mich.-based MSU Federal Credit Union
  • Curql Collective, a Des Moines, Iowa-based CUSO focused on advancing credit union fintech innovation.

While VyStar, BCU, Coastal and Reseda Group all participated in a previous round of funding, Launch, Financial Plus and Curql Collective were new investors during this round.

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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.