The embedded investing platform will use the new capital to scale its white-label suite for crypto, stablecoins, stocks and ETFs across more than 60 financial-institution clients.
InvestiFi has raised $20 million in a funding round led by Vibe Credit Union, with participation from BankTech Ventures, ICCU (Idaho Central Credit Union), United Financial Credit Union, Coastal Credit Union and several other U.S. credit unions, according to ThePayPers as cited by PANews on Aug. 5. The embedded investing platform provides a white-label service that lets traditional financial institutions offer crypto, stablecoin, stock and ETF investing inside existing online banking systems, with customers funding trades directly from checking or savings accounts rather than moving money to outside brokerage or crypto apps. InvestiFi said it will use the new capital to scale that suite across its more than 60 financial-institution clients.