Janusea, a leading fintech company focused on integrations that connect credit unions and community banks with today’s innovative fintech solutions, has received a $2.4 million investment from Great Lakes Credit Union to help fund the organization’s infrastructure, as it continues to grow and meet the increasing demand of its “universal connector” technology. In addition to the investment, Great Lakes will be partnering with Janusea to implement its platform as needs arise – which will allow future fintech partners to seamlessly connect to its core for quicker, smoother products and services delivery to members.
According to Janusea CEO Kyle Stutzman, this investment will ensure Janusea has all the right resources in place to grow and deliver its “universal core translator” technology that will, ultimately, empower credit unions not only to work with fintechs but with other credit unions, as well.
“We’re obviously very grateful and excited about what Great Lakes’ investment and partnership means to us and our future,” Stutzman adds. “We’re also excited from the credit union perspective how our technology will help empower their internal developers, allowing them to help other credit unions with our platform – which breaks down barriers and fosters another level of credit union collaboration.”
“We see it as a match made in heaven,” Great Lakes CFO Tim Lukomski states. “It’s a unique technology offering that fills a void for us, speeding up integration time to bring our products to market much faster — which results in a huge advantage against the big banks that we are competing with out there.”
Another application Lukomski shared involves small credit unions that have challenges attracting top talent. They could use this technology for specialized projects, such as an accounting service that a bigger credit union could offer smaller credit unions. Janusea’s technology could be used to connect the data between credit unions in this area – as well as many others.
“It definitely has broad applicability,” he says. “We have to be flexible and adaptable in today’s fast-paced business environment and this technology allows us to achieve that and more.”
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