Metallicus acquires fintech operator connected to 70 credit unions
Metallicus acquired fintech service company Bonifii, a credit union service operator connected to 70 credit unions. This partnership aims to create a separate CUSO for credit unions using The Digital Banking Network (TDBN), a blockchain network for fintech and financial services. Bonifii is noted as the only CUSO linked to a blockchain core developer. The acquisition increases Metallicus's credit union partners to over 80, with more than 16 utilizing Metal blockchain technology. The company plans to onboard more financial institutions onto TDBN, enhancing operational efficiency and services for credit union members. Metallicus has been active in digital banking, integrating with the FedNow digital payments system. Bonifii president John Ainsworth will join Metallicus as General Manager for credit union expansion. Bonifii raised approximately $20 million prior to the acquisition, while Metal Blockchain has a market capitalization of $13.65 million.
