Wheat Ridge, Colorado. – Tuesday, July 23rd, 2024— Datava Solutions, an industry-leading CUSO, announces the successful completion of a funding round, securing a $3 million investment. This infusion of capital will be directed towards Datava Inc., an innovative fintech dedicated to empowering credit unions to be data-driven. The funding round was spearheaded by prominent financial institutions American Heritage Credit Union and Launch Credit Union, underscoring their confidence in Datava’s disruptive technology and immense growth potential.
“American Heritage Credit Union is proud to expand our partnership with Datava through this investment,” said Adrian Rodriguez, SVP of Data & Innovation. “Datava’s innovative platform empowers us with actionable insights that enhance both member experience and growth. We are confident this collaboration will drive significant value, not only for our credit union but for the entire credit union movement, as we lead the way toward a data-driven future.”
Datava revolutionizes data management for credit unions with its comprehensive end-to-end data activation platform that manages the entire data journey – from collection to activation, ensuring credit unions deliver the right product to the right member at the right time. Their platform not only boosts staff productivity and increases member satisfaction, but also unlocks valuable insights that enhance decision-making processes and optimizes operational efficiency. Powered by advanced AI technology, Datava drives actionable intelligence that significantly increases member share of wallet and maximizes the growth and ROI of a credit union.
This funding round marks a momentous milestone for Datava as it embarks on its next phase of growth and innovation. This significant investment from American Heritage and Launch Credit Union will help Datava further deepen their relationships in the credit union industry, propel their expansion efforts, fuel research and development initiatives, and strengthen the company’s development efforts as they continue building state-of-the-art software to benefit credit unions. This will also be American Heritage’s second round of investment into Datava, cementing their role as a trusted partner.
“Launch Credit Union, via their subsidiary, Launch CUSO Holdings, LLC, is proud to add Datava to its portfolio of leading-edge companies in which they have invested,” Mark Brewer, CEO of Launch CUSO Holdings LLC, stated. “We were impressed enough as a customer to become an investor. We leverage Datava as a trusted partner and as an extension of our team. Their staff and Executive Team have made Data relevant and exciting! We strongly believe in the Credit Union Industry’s People Helping People philosophy and Datava embodies that through their Credit Union Service Organization (CUSO) structure as well as their service. We look forward to leveraging Datava’s large portfolio of services as our data strategy continues to evolve and mature.” This will also be American Heritage Credit Union’s second round of investment into Datava, cementing their role as a trusted partner.
“We are beyond thrilled to have secured this pioneering investment from American Heritage Credit Union and Launch Credit Union,” shared Gordon Flammer, CEO of Datava. “Their support not only validates the impact of Datava’s platform but also enables us to accelerate our development roadmap and support our continued vision of creating software that helps credit unions grow, all while enhancing their member relationships. We are confident this partnership will drive exceptional value for credit unions.”
To learn more about Datava’s platform, go to https://datava.com or call (720) 837-3177 to speak with our data experts today. Datava is located at 3440 Youngfield Street, Suite 361. Wheatridge, CO 80033.
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About Datava
Datava’s End-to-End Data Activation Platform empowers credit unions to unlock billion-dollar growth by managing the entire data journey -from collection to activation – with a single powerful platform. Datava can also effortlessly integrate with existing systems and connect all siloed or disparate data. Their data activation innovation ensures crucial, AI-driven insights & directives are delivered to the right staff member at the right time so they can serve members faster & better. Their platform can catalyze growth, enhance member satisfaction, optimize employee performance, and increase revenue. Learn more at www.datava.com
About American Heritage Credit Union
American Heritage Credit Union is a member-owned financial cooperative with more than $4.8 billion in assets serving more than 800 Workplace Partners and more than 310,000 members, with more than 35 locations across Philadelphia, Bucks, Montgomery, Delaware, and Camden Counties. Founded in 1948, American Heritage Credit Union is now one of the top 75 largest credit unions in the United States and named a Best-in-State Credit Union by Forbes. For more information about American Heritage Credit Union please visit AmericanHeritageCU.org.
About Launch Credit Union
Established in 1963, Launch Credit Union is a full-service credit union, with seventeen branches located in Brevard and Volusia counties. Launch CU has $1.4 Billion in assets with 80,000 members. Membership is open to all who live, work, worship, or attend school in Brevard, Volusia, Seminole, Orange, Flagler, or Osceola. Launch CU is CDFI certified and named as Best Regional Credit Unions 2024 by Newsweek and Plant-A Insights Group. Launch CU is dedicated to building a culture of belonging. For more information about Launch Credit Union, please visit Launchcu.com or call (321) 455-9400.
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