Raleigh, NC based digital banking company Constellation Digital Partners has raised $3m in Series A financing from Teachers Credit Union. Constellation launched in May and is developing a software platform for digital banking for credit unions and members.
The first version is slated to launch in the fourth fiscal quarter of this year. “We are thrilled to partner with Teachers Credit Union to bring Constellation to life,” said Constellation CEO Kristopher Kovacs in a statement. “Credit unions are under extreme pressure from both members and existing service providers as they try and build next-generation services for members. Despite a recent boom of potential financial technology partners, credit unions have not been able to access them because of the legacy structure of credit union relationships with current digital banking providers.
http://citybizlist.com/article/430582/constellation-digital-partners-raises-3-million