Scienaptic AI, a leading AI-powered credit underwriting platform based in New York, announced that its Credit Union Service Organization (CUSO) has secured strategic equity investments from six of its credit union clients. The credit unions involved—ELGA Credit Union, Wildfire Credit Union, 4Front Credit Union, CoVantage Credit Union, Credit Union of Colorado, and People Driven Credit Union—span across Michigan, Colorado, Wisconsin, and Northern Illinois.
The formation of the CUSO highlights Scienaptic’s commitment to the credit union community and its core principle of “people helping people.” Through this partnership, credit unions will access cutting-edge credit origination and management solutions designed to promote financial inclusion and improve member experiences.
The leadership of the investing credit unions expressed their enthusiasm for AI’s potential to enhance member services, improve credit access, and streamline operations. “Partnering with Scienaptic CUSO enables us to use AI’s precision and speed to offer personalized loan solutions and drive operational efficiency. Together, we are committed to leveraging AI for the betterment of our members and communities,” said Renee DeMarco, CEO of People Driven Credit Union, along with other credit union leaders, in a joint statement.
Pankaj Kulshreshtha, Founder and CEO of Scienaptic Systems, added, “At Scienaptic CUSO, we are passionate about delivering advanced underwriting technology to credit unions. The investment from these institutions is a powerful endorsement of our shared vision to drive financial inclusion and empower credit union members.”
Founded in 2014, Scienaptic AI’s platform integrates advanced machine learning, diverse data sources, and risk monitoring, enabling over 145 lenders to make more accurate and efficient underwriting decisions. The platform has processed more than $76 billion in applications, helping millions of underserved individuals gain access to credit.
