According to The Paypers, embedded investment platform InvestiFi announced the completion of a $20 million financing round, led by Vibe Credit Union, with participation from BankTech Ventures, Idaho Central Credit Union, Navari (formerly CUSG), United Financial Credit Union, Coastal Credit Union, Mid Minnesota Credit Union, Truity Credit Union, and Southpoint Credit Union.
The InvestiFi platform enables credit unions and community banks to offer digital investment services directly within their existing online banking environments, covering features such as fractional share investing in stocks and ETFs, guided investing, IRA retirement accounts, cryptocurrency trading, and stablecoins. Its feature within a core patent application, "direct investing from checking accounts," allows users to complete investment operations without transferring funds to external brokerages.
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Source: TechFlow Crypto News