The Venture Codex

Participated · Series B · Jan 2024

Marstone provides an enterprise-ready digital investment and wealth planning platform that enables financial institutions to launch a wealth practice affordably. Its Powered by Marstone solution offers a modern user interface, paperless account opening, flexible goal planning, performance reporting, data aggregation, portfolio trading and rebalancing, asset allocation, and risk assessment. The platform is multilingual, supports opening U.S.-based accounts for international investors, and integrates with custodians including Pershing, core banking platforms such as Fiserv, account aggregation platforms, and investment managers. Marstone positions its product to help banks retain and generate deposits, increase non-interest income, and improve client servicing and satisfaction while lowering the cost to deploy wealth services versus a full-time hire. Customers named in the announcement include Woodforest National Bank, Equity Bank, and Red River Credit Union. Margaret J. Hartigan is co-founder and CEO. Marstone offers an enterprise-ready digital wealth platform (Powered by Marstone) that enables financial institutions to deliver personalized financial planning, wellness tools, and digital-first experiences. The platform includes integrations with custodians such as Pershing, core banking platforms like Fiserv, account aggregation, and investment managers to speed deployments and create backend efficiencies. Today’s financing is intended to further diversify Marstone’s financial planning and wellness toolset to meet rising digital consumer expectations and cross-generational needs. The company emphasizes rapid implementation compared with in-house development to help institutions cut costs and retain assets during the wealth transfer. Marstone was founded in 2013 by Margaret Hartigan and Robert Stone and maintains offices in Providence, Rhode Island and New York, New York. The firm positions itself as a partner for banks and wealth managers seeking to modernize customer-facing strategies and deepen financial inclusion and literacy.

Led · Equity · Aug 2022

Central Payments provides payments technology and issuing solutions for fintech and embedded finance businesses. Its Open*CP API Marketplace℠ is a banking-as-a-service payments platform with issuing capability embedded. The company also operates Falls Fintech, a startup fintech accelerator, and produces Fintech Brews & News, a podcast devoted to helping bridge the gap between banking, startups, and the fintech industry. Founded in 2014 by President Trent Sorbe and based in Sioux Falls, SD, Central Payments offers its platform and services to fintech and embedded finance customers. The company completed a $30m growth equity raise and intends to use the funds to continue to expand operations and its business reach.