MIRAMAR BEACH, Fla.–Starlight was the winner of a Shark Tank-like competition hosted by the League of Southeastern Credit Unions & Affiliates during its VISION Conference here.
LSCU said that 2023’s winning company, Glide, saw their business triple after its Shark Tank victory.
"Starlight is thrilled to be named the second Shark Tank winner and we couldn’t have done this without the support and participation of the many credit unions in attendance at VISION,” Shreenath Regunathan, co-Founder of Starlight, said in a statement. "We will always be a service provider for credit unions, and we look forward to working alongside them to provide enhanced solutions for their members."
Starlight provides a platform that helps credit unions
“unlock a $140 billion opportunity by proactively identifying and matching members to relevant government assistance programs, thereby supporting members facing financial difficulties and fostering increased loyalty,” the league said.
The Shark Tank session, sponsored by Corporate One Federal Credit Union, provided an opportunity for four companies – Eltropy, Posh AI, Neural Payments Money Movement, and Starlight – to showcase their innovative FinTech solutions. The companies had 15 minutes to demonstrate their value propositions to credit union executives, allowing for a Q&A session with the solution provider. Credit union executives were then asked to vote for their favorite presentation and a winner was selected.
“These innovative offerings and solutions are integral to propelling credit unions forward for success, aligning with VISION’s objective of providing members with cutting-edge technology and services,” the league said, adding the solutions of the future presented in this session exemplify how credit unions can stay ahead of the curve by adopting forward-thinking strategies and tools.
"It is such a pleasure to see these companies come to life at Shark Tank every year,” LSCU President Samantha Beeler said in a statement. “This opportunity gives credit unions the chance to get to know these innovative products and services first-hand, while also allowing them to ask questions and see which solutions can better serve their members. LSCU & Affiliates is proud to provide this platform at VISION as we continually seek new ways to help credit unions deliver an enhanced member experience.”