RALEIGH – Constellation Digital Partners, a startup focused on a technology platform to boost technology for use by credit unions, is marching toward product development with a new investor and another $500,000 in funding.
The company recently disclosed its initial software rollout, an “open development platform” called Aquarius. While no timeline has been disclosed about when products might be launched, a spokesperson notes that development continues.
Constellation has patented the technology.
“The only news I can share at this time is that there are two additional software releases planned this year that will extend the services of the Constellation platform with new capabilities, features and functions,” the spokesperson told WRAL TechWire.
Constellation has landed $26 million in funding over the last 10 months alone.
The new investor is Vizo Financial Corporate Credit Union, which is based in Greensboro. Other investors include Coastal Credit Union, Teacher’s Credit Union, CFCU Community Credit Union, Meritrust Credit Union, Farmers Insurance Federal Credit Union, Georgia’s Own Credit Union, Affinity Federal Credit Union, Kinecta Federal Credit Union and Nusenda Credit Union.
“With the support of forward-thinking partners like Vizo Financial, we are getting that much closer to transforming digital banking experiences for credit unions and members everywhere,” said Constellation founder and CEO Kristopher Kovacs. “We have two additional software releases planned this year that will extend the services of the Constellation platform with new capabilities, features and functions. Members will truly be at the center of every credit union’s strategy – right where they belong.”
