Reset, an earned wage access platform for credit unions and community banks, has raised $6 million in seed funding, bringing total capital raised to over $8 million. More than two-thirds of the round came from credit union customers, including Georgia's Own Credit Union, InTouch Credit Union, Chartway Credit Union, VyStar Credit Union and One Washington Financial. The platform embeds into financial institutions' technology stacks, allowing members to access earned wages daily through a credit union-issued card. Reset cardholders show a 27% increase in deposits, maintain checking balances 36% higher than previous levels and generate 20% more credit interchange revenue for their institutions. The company will use the funding to expand sales capacity, deepen product development and accelerate deployments. Reset was recently named to Filene Research Institute's FiLab programme and is piloting with six credit unions representing 1.2 million members.

Provision IAM, a provider of identity and access management platforms for credit unions and community financial institutions, has secured strategic investments from two credit unions. Georgia's Own Holdings invested $1 million, whilst InTouch Credit Union invested $250,000. Representatives from both credit unions will join Provision IAM's newly established Customer Advisory Board, with Georgia's Own also participating at board level. The investments reflect growing industry focus on identity governance, audit readiness and compliance automation as operational priorities. Georgia's Own Credit Union was already using Provision IAM's platform before investing. The company's SaaS-based platform automates policy management, audit reporting and access reviews for financial institutions. Provision IAM currently supports over 50 financial institutions nationwide and is engaging with additional credit unions for its advisory board.