Mission
Emergifi develops and delivers financial technology solutions that facilitate corporate credit union services and advances and supports credit unions with their financial services offerings.
Strategy
Emergifi develops and provides open, integrated platform delivering rich, frictionless digital experiences for credit unions. Through mutually beneficial partnerships, platform thinking, and secure application program interface (API) connections, Emergifi is building an interdisciplinary network that amplifies the value technology brings to the corporate credit union system and credit unions. By defining the standard, Emergifi is developing the platform through which digital providers deliver financial services to credit unions transforming multi-provider user experience into a one hub for member services. The evolution begins and ends with integration of solutions, systems, providers, and data geared toward creating a seamless, unified experience. To curate the services into a platform, corporate credit unions and partners must invest in API-based approach.
Emergifi solutions serve as connector, aggregator and facilitator for lending, investments, transactions, business partnerships.
Emergifi solutions operate seamlessly in the financial services ecosystem and embrace integration that facilitates speed, security, resiliency and agility. Integration and interoperability are key components in the Emergifi strategy. The number one driver for interoperability is the need to interact with business partners, application providers, members, and partners. APIs enable interoperability between diverse systems and software. APIs make interoperability faster, easier, and cheaper. Member facing applications, cloud, and mobile applications are driving API usage and growth. APIs offer a way to share data and process information from our platform with back-end applications and databases, service providers, and vendors. This data sharing reflects the importance of the systems interoperability to our business.
Owners, Investors, Partners and Customers
Corporate credit union collaboration is underway with Emergifi. Emergifi and Beastro offers an opportunity for the credit union industry to come together on a technology platform. With Beastro, corporate credit unions no longer need to force fit a backend banking core with a custom front end to meet a corporate credit union’s needs. Beastro is 100% designed and built from the ground up for corporate credit unions. Corporate credit unions completely control the system functionality without any reliance on a core provider or third parties. Beastro functionality is driven entirely by corporate credit union needs and member needs. Become owner, investor, partner or customer and join us in integrating the credit union movement.
Emerging Ventures
Emerging Ventures is the Corporate Central Credit Union venture capital “fund.” Emerging Ventures will drive long term credit union viability through innovative and strategic venture investing. Through Corporate Central, Emerging Ventures capital fund leverages the strength of the organization to make strategic investments in emerging companies that may drive future success.
Criteria
Emerging Ventures is targeting investments in seed, series A or series B rounds of companies that align with our strategies. These are high-risk investments. We are seeking a return on our investment appropriate for the risk, yet we are seeking strategic investments for the benefit of our members, and not solely for investment returns. We anticipate exiting investments in 7-12 years. We prefer pooling our efforts and investments with other credit union industry investors and leveraging networks and groups such as VentureTech to find opportunities.
We seek innovative and emerging businesses and business leaders that will benefit from our expertise and our credit union industry network. We seek opportunities to develop partnerships for delivering product and services. We seek innovative financial technology businesses that align with our strategy and directly or indirectly deliver a product or service for credit unions. Areas of interest include the following:
Financial Wellness – businesses that advance credit union financial wellness or provide products and services that enhance credit union members’ financial wellness.
Value-Added Service (via technology) – businesses that add value or enhance financial services products and services and provide credit unions a competitive advantage.
Ecosystem – businesses that enhance the credit union and financial services ecosystem through connectivity and integration ensuring credit unions thrive in the evolving financial services ecosystem.
Emergifi is a wholly owned Financial Technology Credit Union Services Organization (CUSO) of Corporate Central Credit Union.
Emergifi sold it’s Managed Services Provider practice to Think | Stack recently acquired by NetCov.