VentureTech is an exclusive, invite-only, event that brings together credit unions, investors and early-stage fintech solutions. Fintech companies from across the country pitch their credit union business solutions to industry investors in hopes of earning investment capital, which will enable them to bring their products and services to the credit union market.
Created by The Veridian Group, Open Technology Solutions and CUNA Strategic Services, VentureTech recognizes rising fintech companies with products and services that give credit unions a competitive edge in the financial services marketplace
Last year NACUSO sponsored VentureTech and awarded the winner a check for $1500.00 and a guaranteed spot in the 2020 NACUSO Next Big Idea Competition. Last year's winner was Illuma Labs. Illuma Labs’ flagship product – Illuma Shield – replaces archaic and intrusive authentication methods like PINs, passwords and personal questions.
This year there were 35 applicants and 11 selected for the VentureTech competition, similar to NACUSO's Next Big Idea Competition that had two play off rounds. Alloy won the first round and Breach Clarity won the second. It was a super close competition with a 58% to 42% winning margin.
Congratulations Breach Clarity for winning Best of Show, the $1500 prize and automatically advancing to the 2021 NACUSO Next Big Idea Competition. Learn more about Breach Clarity in the below overview.