Scienaptic AI, a New York-based AI-powered credit underwriter, has announced that its Credit Union Service Organization (CUSO) has secured strategic equity investments from four new partners.
The coalition has added three new credit union clients: Alliance Catholic Credit Union, Partner Colorado Credit Union, based in Arvada, and Advantage One Credit Union, along with the Michigan Credit Union League. Rob Grech, CEO of Alliance Catholic Credit Union; Chris Corkery, CEO of Advantage One Credit Union; and Doug Fagan, CEO of Partner Colorado Credit Union, said in a joint statement, “As institutions deeply rooted in our communities, we recognize the transformative power of AI in creating seamless, efficient, and inclusive financial experiences for our members. By investing in Scienaptic CUSO, we aim to leverage AI to personalize loan solutions, expand access to credit and drive risk management excellence. Together, we are committed to building a stronger financial future for our members and the communities we serve.”
Earlier investors in Scienaptic CUSO include ELGA Credit Union, Wildfire Credit Union, 4Front Credit Union, CoVantage Credit Union, Credit Union of Colorado and People Driven Credit Union, who continue to play a key role in shaping the platform’s growth and impact. This round of strategic investment reaffirms the impact Scienaptic AI is delivering to its credit union clients and the potential credit unions see in leveraging the Scienaptic AI platform across their member lifecycle.
Founded in 2014, Scienaptic AI aims to scale financial inclusion through AI-driven credit decisioning. The platform combines over 200 years of credit risk expertise with a decade of technological innovation, integrating diverse data sources, advanced machine learning algorithms and comprehensive risk and fair lending monitoring processes. Scienaptic AI supports over 150 lenders by enhancing underwriting accuracy and efficiency.
Scienaptic’s credit decisioning experience spans financial institutions managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion and enabling over a million underserved individuals monthly to access credit opportunities that were previously out of reach. The company has grown by more than 2,000% in the past three years due to heightened interest in AI.