August 3, 2022 – Capstone Strategic, Inc. (Capstone) announced today that credit union service organization PSCU of St. Petersburg, Florida has entered into a partnership with Chicago-based Amount, a company offering end-to-end omnichannel consumer, small business and buy-now, pay-later (BNPL) solutions, in order to provide credit unions with credit card origination services through a digitally optimized platform.
Capstone Strategic, Inc. (Capstone) announced today that credit union service organization PSCU of St. Petersburg, Florida has entered into a partnership with Chicago-based Amount, a company offering end-to-end omnichannel consumer, small business and buy-now, pay-later (BNPL) solutions, in order to provide credit unions with credit card origination services through a digitally optimized platform. PSCU and Amount’s collaboration will supply a best-in-class solution that will help further deepen credit unions’ relationships with members by introducing one of the most sophisticated digital lending solutions in the market. Capstone advised PSCU on the development of this partnership.
PSCU was seeking a technology provider with superior functionality for digital credit card opening and loan origination. Utilizing its external growth process, Capstone identified, provided research, and opened the door with Amount for PSCU. Founded in 2020, Amount provides cloud-based lending origination and account opening solutions to some of the nation’s top financial institutions.
“Our new partnership with and investment in Amount will add significant value for our credit unions by enabling a digital-first credit card application experience that is simple to implement,” said Denise Stevens, SVP, chief product & digital officer for PSCU. The Amount platform is built by digital lending experts and designed with a simple interface that powers instant approvals. “We have enjoyed a long-term, mutually beneficial relationship with Capstone and the Amount partnership is the latest result from one recent, targeted initiative,” noted Vel Davidov, SVP, Finance and M&A for PSCU.
“We were delighted that Capstone could participate in bringing this collaboration together,” said John Dearing, Capstone Partner. “Not only will this strategic partnership be additive to the growth of both PSCU and Amount, but the net effect will be a better experience for credit union members across the country.”
PSCU has leveraged its influence on behalf of credit unions and their members for more than 40 years. As the nation’s premier payments CUSO, PSCU supports the success of 1,900 credit unions representing nearly 7 billion transactions annually. PSCU’s payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. 24/7/365 member support is provided by contact centers located throughout the United States. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands. For more information, visit pscu.com
About Capstone Strategic, Inc.
Capstone Strategic, Inc. is the leader in mergers and acquisitions for credit union service organizations (CUSOs). The firm has helped numerous credit unions and CUSO leaders develop, evaluate, and implement initiatives for growth. Established in 1995 by CEO David Braun, Capstone specializes in strategic not-for-sale acquisitions and corporate growth strategies and has facilitated over $1 billion in transactions in more than 100 industries. For additional information go to the Capstone website at https://www.capstonestrategic.com or call 703-854-1910