Unifimoney, a fintech that is building a wealth management platform for small banks and credit unions, has raised $10 million from investors that include the Independent Community Bankers of America.
The San Francisco startup has a platform that includes trading in over 70 cryptocurrencies, along with passive and active investing in stocks, ETFs and precious metals.
The new capital will help Unifimoney extend its coverage of alternative assets to include collectables, sports memorabilia and NFTs. It will also offer a full suite of retirement accounts with traditional and alternative asset IRAs.
The plan is to build an investment rewards credit card to let bank and credit union customers earn points that can be redeemed for investable assets like crypto, stocks and gold.
Other investors in the latest round include Oriza Ventures, Altair Capital and Global Millennial Capital.
The company, founded in 2019, was selected to be part of the ICBA’s Thinktank Accelerator 2022.
“Unifimoney’s vision is to not just give community banks and credit unions parity with big brand banks and fintechs, but better [and] more comprehensive and compelling value propositions,” Ben Soppitt, the startup’s co-founder and CEO, said in the release.