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A collections solutions company has earned CUSO status following an investment by One Washington Financial, a wholly-owned holding company of the $5.2 billion, Olympia, Wash.-based WSECU.
The San Francisco-based Remynt previously received more than $1 million in funding during an investment round that was led by TruStage and included investments from TruStage Ventures’ Discovery Fund, Zeal Capital Partners, Precursor Ventures, Symphonic Capital, Commerce Ventures and the Pitch Show Fund. The amount of One Washington Financial’s investment was not disclosed.
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Marketed as “the first debt recovery and credit-rebuilding company in the market that replaces fear-based collection tactics with empowering, consumer-centric solutions,” Remynt offers a white-label, omnichannel digital platform that enables credit unions to recover delinquent debt with a focus on late stage/charged off collections and improving borrowers’ financial wellness. Features of the platform include credit score insights, personal financial management tools and access to other financial wellness resources. The CUSO’s services also include contingency collections and debt buying.
As a result of the partnership between One Washington Financial and Remynt, WSECU has adopted the now-CUSO’s platform.
“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,” WSECU Vice President, Service Delivery Administration Stacy Lucero said. “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 help us give members a chance to live their financial dreams.”
Remynt Founder and CEO Gwyneth Borden added, “Since Remynt’s founding, our goal has been to support credit unions because there is strong alignment around supporting financial wellness, and 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.”
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
