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Reset, an earned wage access platform for credit unions and community banks, has raised $6 million in seed funding, with more than two-thirds of the round coming from credit unions that use its platform. The funding brings the company's total capital raised to more than $8 million.
Investors include Georgia's Own Credit Union, InTouch Credit Union, Chartway Credit Union, VyStar Credit Union and WSECU, along with Curql, CU Solutions Group and the Bankers Helping Bankers Fund. Reset said it will use the funding to grow its sales and implementation capacity, continue product development and support its expansion efforts.
Reset offers earned wage access through credit unions and community banks, allowing members to access wages before payday through a card issued by their financial institution. The company said the product is designed to help credit unions grow deposits and generate interchange revenue.
"When your customers lead your funding round, there is no clearer market signal," Matt Dicou, CEO/co-founder of Reset, said. "These credit unions aren't just writing a check. They're making a decision about where they want to take their members, their institutions, and the credit union industry. They see that Chime and other neobanks are successfully recruiting people away from credit unions today. Our credit union partners already have trusted member relationships. We give them what they need to stay the primary financial home."
According to Reset, credit union case studies show cardholders increased deposits by 27% on average, maintained checking account balances 36% higher than previous levels and generated 20% more credit interchange revenue for their institutions.
Reset said member surveys conducted after launch found that all respondents reported improved financial stability.
"Members should not have to wait days to access money they've already earned," Rob Keatts, EVP and chief growth officer at Chartway Credit Union, said. "Reset helps close that gap in a way that aligns with our purpose and works through the credit union rather than around it. That matters because the best innovation strengthens the member relationship."
The company said the investments reflect confidence in its platform and growth strategy.
"Our members are already looking for this, and until now, they've had to turn to other options," Kevan Williamson, CTO of Georgia's Own Credit Union, said. "Reset levels the playing field for our members. We invested because we've seen what it does for members' financial stability, and because we believe credit unions should be the ones offering it."
Reset said it has signed multiple multi-year enterprise contracts with credit unions and generates revenue through platform subscriptions, implementation services and interchange revenue sharing with financial institution partners.
The company was named Best in Show at VentureTech in 2025 and participated in Curql's Spring 2025 Accelerate program. Earlier this year, Reset was selected for the Filene Research Institute's FiLab program and is piloting its platform with six credit unions representing 1.2 million members and $17 billion in assets.
Joyce Moed can be reached at joyce.moed@arc-network.com
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