CU WealthNext, a credit union-owned fintech, has invested in Concreit, a fractional real estate investing platform.
CU WealthNext, which did not disclose the size of its investment, said in a press release that Concreit is preparing to pilot its platform with credit unions.
The investment “is a key milestone in our journey to deliver affordable, accessible, and innovative wealth solutions to credit union members,” Joshua Herman, CU WealthNext’s CEO, said in the release.
“We’re committed to providing a robust investment ecosystem that enables credit union members to take control of their financial futures,” Herman added. “Concreit’s real estate and wealth management expertise perfectly complements our vision of delivering comprehensive, low-cost investment options.”