San Francisco, CA (June 9, 2025) |
Remynt, the first debt recovery and credit-rebuilding company in the market that replaces fear-based collection tactics with empowering, consumer-centric solutions, has become a Credit Union Service Organization (CUSO), following a strategic investment by One Washington Financial, the wholly-owned holding company of WSECU (Olympia, WA). With its new CUSO status, Remynt can quickly scale its offerings to support more credit unions in providing financial wellness services for their members nationwide.
CUSOs, which must derive a majority of their business from credit unions, serve as a means to bring innovative services to the broader credit union ecosystem. CUSOs help credit unions collectively achieve economies of scale and operational efficiencies through shared resources and specialized expertise.
Remynt empowers consumers to improve their credit while resolving their debt through a credit builder that links debt payments to a positive credit tradeline. Key features of Remynt’s platform include credit score insights, personal finance management tools, and access to resources that promote their financial well-being. WSECU will partner with Remynt to support members in the latest stage of delinquency who can benefit from a collections process that helps them rebuild their financial health.
“Since Remynt’s founding, our goal has been to support credit unions because we align closely in our support for financial wellness,” said Gwyneth Borden, Founder & CEO of Remynt. “We are thrilled to have the support of One Washington Financial and WSECU. This investment will help us to scale our business and serve more credit unions to achieve higher recoveries while supporting member financial health.”
The investment is part of WSECU's broader mission to empower its members and improve their financial well-being. Its collaboration with Remynt is a testament to the credit union’s commitment to encouraging equitable access to innovative and relevant financial solutions. Adopting Remynt’s platform highlights WSECU’s dedication to advancing its comprehensive financial wellness strategy.
“One Washington Financial is proud to invest in Remynt as part of our effort to identify and support early-stage companies that bring transformative ideas and technology to the credit union industry,” said Scott Daukas, Principal of One Washington Financial. "Our partnership with Remynt aligns with our mission to create meaningful community impact by providing access to equitable and innovative financial solutions. By including Remynt as part of WSECU’s financial wellness strategy, we directly contribute to our members’ financial stability, growth, and development.”
WSECU’s partnership with Remynt demonstrates a strong and seamless integration of the organization’s philosophies and operational strategies. Remynt is positioned to deliver cutting-edge solutions prioritizing member financial wellness.
"I’m thrilled about the new partnership with Remynt, along with One Washington Financial. This is more than just a collaboration; it’s a shared commitment to helping our members rebuild their credit and regain control of their financial futures,” said Stacy Lucero, WSECU’s Vice President of Service Delivery Administration. “Financial ups and downs are a normal part of life. What matters most is the path forward, and this partnership enables us to equip members with tools to walk that path with confidence. We’re excited to have Remynt to help us give members a chance to live their financial dreams.”
This latest investment complements the more than $1 million in funding from institutional investors, including TruStage™ Ventures’ Discovery Fund, Zeal Capital Partners, Precursor Ventures, Symphonic Capital, Commerce Ventures, and the Pitch Show Fund. TruStage™, formerly CUNA Mutual Group, led the fundraising as part of its efforts to support credit unions that want to help their members who fall behind financially.
“With our newly enhanced status as a CUSO and the backing of One Washington Financial and existing investors, Remynt is poised to lead a wave of transformative advancements that empower credit union members nationwide,” added Borden. “This collaboration sets a new standard for impactful financial services while building stronger, more resilient communities.”