Alliant Credit Union makes equity investment in Inclined Technologies, Inc. Series A Funding round
The partnership marks Alliant’s second direct investment in a fintech
CHICAGO, IL (November 29, 2022) — Alliant Credit Union, one of the largest fully-digital credit unions in the nation, today announced an equity investment in Inclined Technologies, Inc., a fintech company focused on driving better long-term outcomes for life insurance policyholders. As a credit union focused on technological innovation and bridging the digital divide, this investment aligns with the many ways in which Alliant serves the digitally banking public and furthers Inclined’s mission to allow customers to more efficiently access their own savings.
Inclined’s proprietary technology platform offers life insurance policyholders a secure and fully automated way to access a revolving line of credit collateralized by the cash value of their whole life policy. The Inclined Line of Credit (“iLOC”) can be drawn or paid back depending on the financial needs of the borrower, and the application process takes just 15 minutes.
“We continue to seek partners that are innovative and meet niche financial needs in this environment,” said Charles Krawitz, Chief Capital Markets Officer and Head of Commercial Lending at Alliant. “Inclined is a fintech company offering an appealing way for consumers to achieve liquidity. We are delighted to be an equity investor in their Series A funding round, and excited about the ways in which this partnership furthers digital lending.”
Alliant is no stranger to making investments supporting fintech companies. In February 2022, the Alliant Credit Union Foundation announced it would be partnering with nonprofit organizations and providing $250,000 in grants to fund digital inclusion initiatives. And in August 2022, Alliant announced it was partnering with and investing in MANTL, an online platform designed to help financial institutions modernize and grow. MANTL provides omnichannel consumer and business deposit origination platforms that automate up to 97% of application decisions and significantly reduces application abandonment.
“We see tremendous synergies between Inclined’s mission and that of an all-digital, people-first credit union like Alliant,” said Josh Wyss, Inclined Co-Founder and CEO. “It is incredibly gratifying to be able to count such a large and innovative financial institution among our investors. We believe Alliant’s equity investment in Inclined serves to demonstrate the ways in which fintech can enable better financial outcomes for everyone.”
About Alliant Credit Union (IL)
Alliant Credit Union is a not-for-profit financial cooperative with more than 850,000 members and nearly $19 billion in assets. Alliant was named one of CNBC's Top Credit Unions for 2023 and one of Money.com's Best Banks for America. Headquartered in Chicago and founded in 1935, Alliant is the largest credit union in Illinois and one of the largest credit unions in the United States. As an all-digital credit union, Alliant's mission is to provide members with a tech-forward banking experience coupled with consistent, superior financial value while simplifying and enabling how people save, borrow and pay.
About Inclined Technologies, Inc.
Inclined is a SaaS software company focused on driving better long term outcomes for whole life policyholders. We think like whole life policyholders because we are whole life policyholders. Our singular mission is to help you get more value out of your whole life investment. Inclined is headquartered in Sausalito, CA. For more information visit www.inclined.com and follow us on LinkedIn.
