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The Venture Codex

Independent Community Bankers of America

1615 L Street NW, Suite 900, Washington, DC, 20036, United States

Overview

ICBA represents the interests of the community banking industry and its membership & financial services.

Total investments
9
Lead investments
1
Investments · 12mo
0
Active investors
1

Sector focus

  • Banking
  • Financial Services
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Investment portfolio

  • Attune

    Participated · Seed · Jan 2024

    Attune, formerly Lendsmart, is a NYC-based provider of an Engagement Banking Platform for financial institutions. Founded in 2020 by CEO AK Patel, the company offers digital tools to enhance customer onboarding, lending, marketing engagement, insurance, upsell/cross-sell, and customer support. Its product suite includes Digital Lending (real-time underwriting), Digital Onboarding (accounts and credit cards), Upsell & Cross Sell recommendations, Digital Insurance (automated underwriting and personalized recommendations), Digital Connect for real-time marketing engagement, and Digital Support to empower service teams. The platform integrates with banks' existing systems to improve operational efficiency, increase conversions, and open new revenue channels. Attune plans to use new funding to accelerate growth and expand its sales, marketing, and technology teams. The article does not disclose revenue or user metrics.

  • Vero Technologies

    Participated · Series A · Sep 2023

    Vero Technologies offers a lending-as-a-service (LAAS) platform that enables community and regional banks to originate, service and monitor wholesale or "floor plan" financing for dealers of manufactured goods such as auto, powersports and agricultural equipment. The platform leverages open banking technology to provide end-to-end loan lifecycle management, including underwriting, loan servicing, digital auditing, real-time inventory tracking, risk management and financial analytics. It also provides dealer- and supplier-facing tools to reduce manual interactions and aims to let banks introduce wholesale financing without overhauling existing systems or adding specialized headcount. Vero says it has achieved initial market penetration with minimal prior funding and currently serves community and regional banks across the country. The company will use the $8.5M Series A to accelerate growth of its LAAS offering, expand its footprint with community and regional banks, and enhance platform capabilities. Vero is working on a commercial partnership with Sopra Banking Software (part of the Sopra Steria Group) to make its technology available to the wider wholesale finance market.

  • Core10

    Participated · Series B · Jan 2023

    Core10 offers banking and lending products alongside software development and integration services targeted at community financial institutions. Its Accrue platform provides digital account opening, digital lending, and core/fintech connectivity to accelerate community banks' digital transformation. Accrue is an OEM Salesforce Partner and an alumnus of the 2022 ICBA ThinkTECH Accelerator, delivering a configurable, scalable solution built specifically for community banks and credit unions. Core10 also supplies API integration expertise with subscription and project-based solutions to reduce backlogs and staffing costs. The company has a North American 'Hereshore' model with teams across the U.S. and Canada to maintain competitive costs and security. Core10 closed a $6.5M Series B to scale Accrue and strengthen its banking technology and integration services, bringing total funding to $12.5M. Core10 is based in Huntington, West Virginia, and Nashville, Tennessee, and builds fintech infrastructure solutions that connect financial data and applications across institutions and platforms. Led by CEO Jeff Martin, the company develops software for banks, credit unions and fintech firms. It closed a $3.5M Series A to fund growth initiatives. Core10 plans to use the proceeds to expand sales efforts nationwide and recruit software development talent in Nashville, southeastern Ohio, eastern Kentucky and West Virginia. The company aims to create 250 additional technology jobs by the end of 2020, signaling an emphasis on scaling engineering capacity to deliver its fintech integrations.

  • Unifimoney

    Participated · Seed · Apr 2022

    Unifimoney provides a digital wealth management platform that enables community banks and credit unions to offer investment services to their customers. The platform supports trading of more than 70 cryptocurrencies, passive and active investing in thousands of stocks and ETFs, and trading in precious metals including gold, silver and platinum. It integrates with financial-institution core providers such as Jack Henry & Associates and Q2. The company plans to use new funding to expand coverage of alternative assets including collectables, sports memorabilia and NFTs, and to offer a full suite of retirement accounts with both traditional and alternative-asset IRAs. Roadmap items also include an investment-rewards credit card that would let bank and credit-union customers earn points redeemable for investable assets like crypto, stocks and gold. The company was founded in 2019 and is led by CEO Ben Soppitt and CTO Ed Cortis.

  • Adlumin

    Participated · Series B · Dec 2021

    Adlumin offers a patented, cloud-based security operations platform and managed detection and response services tailored to mid-market organizations. Its single-license platform includes SIEM, vulnerability scanning, threat intelligence, UEBA threat hunting, honeypots, automated incident response and forensics, darknet exposure monitoring, and compliance reporting. The platform is built to be a command center for security operations, pre-integrated with other solutions and designed to enable channel partners, MSPs and MSSPs to deliver expert support. Adlumin emphasizes real-time visibility and collaboration, giving customers and service providers access to alerts, investigation data, reporting and on-demand compliance reports. The company recently introduced a subscription-based incident response service and financial protections including a no-cost warranty and discounted cyber insurance. Adlumin plans to use new funding to accelerate growth, expand and strengthen channel partnerships, and continue innovating to address mid-market needs. The company ranks among the top 10% of America’s fastest-growing private companies and was named to The Information’s 50 Most Promising Startups list for 2023. Adlumin offers a patented managed security services automation platform designed for channel delivery, unifying data streams on-premises and in the cloud to enhance customers’ existing security stacks. The platform advertises a 90-minute installation time, immediate time to value, and serverless scalability. Adlumin emphasizes real-time threat detection, analysis, response, and comprehensive reporting for security operations and compliance. The company is developing additional integrations and value propositions and plans to expand its product vision toward a command center for security operations. Leadership says new capital will support significant investments in product development and a channel program to enable partners to deliver its security analytics more broadly. The company recently added hundreds of customers, received two patents for its serverless data analytics architecture, and earned recognition on the 2021 Inc. 5000 list and CRN’s Emerging Vendors list. Adlumin serves financial institutions, targeting organizations with $100 million to $25 billion in assets. Its core product set includes the Abakis platform, a 24/7 SOC service, the Adlumin Threat Intelligence Portal (ATIP), enriched compliance reporting (FFIEC CAT and NCUA ACET), and patented software to protect core banking systems. The company emphasizes unlimited data scalability via a cloud application and real-time threat detection, analysis, and response. Adlumin participated in the ICBA ThinkTECH Accelerator and was selected as an ICBA Preferred Service Provider, boosting its visibility in the community banking market. As evidence of growth, the company secured a multimillion-dollar F-35 contract with the U.S. Air Force. Adlumin plans to use the new capital to accelerate expansion of the Abakis platform, advance its patented core-banking security technology, and build its brand and product offerings.

Team