One Washington Financial

Overview

One Washington Financial (OWF) is a Credit Union Service Organization (CUSO) wholly owned by Washington State Employees Credit Union (WSECU). OWF's mission is to identify and invest in early-stage companies that accelerate ideas and technologies benefiting credit union members and the industry as a whole. Their focus areas include improving financial well-being, increasing equitable access to affordable products and services, and enhancing operational efficiencies. OWF seeks companies with compelling product visions and strong growth potential that address forward-thinking trends in financial well-being, equitable access, and technological innovation. They believe partnerships are built on people and look for strategic partners who share their core values and commitment to credit union members. OWF has invested in several companies, including Remynt, Silvur, TappEngine, Ranqx, and Goodbuy, each contributing to the advancement of financial well-being and equity for credit union members and their communities. For example, Remynt replaces fear-based debt collection tactics with empowering, consumer-centric solutions that focus on financial wellness and credit rebuilding. Silvur empowers members age 50+ to confidently navigate retirement through personalized education on Social Security, Medicare, and retirement planning. TappEngine's AI-driven self-directed robo-advisor empowers members to manage their financial goals with personalized investment recommendations. Ranqx is revolutionizing small business lending with digital automation that reduces approval times from two weeks to five minutes, giving Main Street businesses faster access to working capital. Goodbuy empowers credit union members to shop local, boosting small businesses and reinforcing the community connections at the heart of the credit union movement. OWF's investment philosophy centers on enhancing the lives of credit union members by investing in innovative solutions that align with their investment pillars: improving financial well-being, increasing equitable access to affordable products and services, and improving operational efficiencies. They approach every relationship as a true partnership dedicated to advancing the credit union industry and serving its members. OWF's track record includes successful exits, such as the founding and successful exit of QCash Financial in 2023. They continue to seek strategic partnerships with companies that share their core values and commitment to credit union members, aiming to bring innovative ideas to life while staying true to their values. OWF's recent news includes their participation in CAFE's Investor Week, where they discussed financial wellness as an investment thesis, and their backing of Penny Finance, a digital financial planning platform built to make money advice accessible, personalized, and easy to act on. They also launched a new Credit Union Service Organization (CUSO) with Delfi Labs Inc. and Maps Credit Union to deliver AI-driven balance sheet intelligence to credit unions nationwide. These initiatives reflect OWF's ongoing commitment to advancing financial well-being and equity for credit union members and their communities through strategic investments in innovative, early-stage partners driving the credit union industry forward.

Investment Focus

• Innovative solutions aligned with OWF's investment pillars
• Strong growth potential
• Commitment to credit union members and communities

Portfolio Companies