Bonifii
Bonifii was a Denver-based Credit Union Service Organization (CUSO), founded in 2017, that provided blockchain-based biometric authentication and credential exchange solutions exclusively to 70+ credit unions. Its MemberPass product was acquired by Metallicus in December 2024.
- Company typePrivate
- Founded2017
- HeadquartersDenver, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Bonifii does
Bonifii, formerly known as CULedger, was a Credit Union Service Organization (CUSO) founded in 2017 and headquartered in Denver, Colorado, that provided blockchain-based financial technology solutions exclusively to credit unions. Its core offering, MemberPass, was a biometric identity solution purpose-built for credit unions to deliver secure, compliant, and privacy-first authentication, replacing SMS one-time passcodes with biometric verification to safeguard against account takeover fraud and social engineering scams across in-branch and digital channels. The underlying technology was blockchain-based, supporting credential exchange, information exchange, and value exchange for credit union members.
The company operated as a B2B CUSO on a subscription/recurring revenue model, generating service fees from credit union partners, with an enterprise field sales go-to-market motion. At the time of acquisition, Bonifii was connected to 70+ credit unions, providing a network of institutions on a shared authentication and exchange platform. The CUSO structure itself functioned as the primary distribution channel, with partnerships including The Digital Banking Network to expand reach.
In December 2024, Bonifii was acquired by Metallicus, a leader in blockchain technology for financial institutions, integrating MemberPass and the credit union CUSO footprint into Metallicus's broader product portfolio, which includes Metal Blockchain, Metal Dollar stablecoin, FedNow services, and other digital asset and identity offerings.
Bonifii firmographics
Firmographics- Name
- Bonifii
- Legal name
- Bonifii
- Website
- https://bonifii.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Bonifii was a Denver-based Credit Union Service Organization (CUSO), founded in 2017, that provided blockchain-based biometric authentication and credential exchange solutions exclusively to 70+ credit unions. Its MemberPass product was acquired by Metallicus in December 2024.
- Ownership category
- akta.pro rank
Bonifii industry classification
Industry- Product category
- Credit Union Authentication Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)
- akta.pro secondary industries
- Verifiable Credentials & Attestations (VC issuance/verification, credential registries) (FSAPACAH), Decentralized Identity & Verifiable Credentials for Finance (DID/KYC Reuse) (FSAGAMAE)
Keywords
Where Bonifii is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Markets served
Bonifii business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- CUSO Services to Credit Unions: Bonifii operated as a Credit Union Service Organization (CUSO) providing technology services to credit unions, generating revenue through service fees from credit union partners.
Go-to-market motion1 record
Distribution channels1 record
Bonifii product offering
Product offeringCore offering
Bonifii operated as a Credit Union Service Organization (CUSO) providing biometric identity and authentication technology—primarily the MemberPass® solution—to credit unions. The offering enabled secure, compliant, privacy-first member authentication across in-branch and digital channels, replacing legacy SMS one-time passcodes and reducing account takeover fraud and social engineering risk.
Product overview
Bonifii was a single-product fintech company operating as a Credit Union Service Organization (CUSO), formerly known as CULedger. The company specialized in providing credit union-focused financial technology solutions. Following its acquisition by Metallicus in December 2024, Bonifii's operations became integrated into Metallicus's broader blockchain and digital banking infrastructure for financial institutions.
Differentiator
Problem solved
Functional benefit
Brands
- MemberPass: A biometric identity solution purpose-built for credit unions to deliver secure, compliant, and privacy-first authentication.
Products and services
- MemberPass® Biometric Authentication A biometric identity and authentication solution purpose-built for credit unions, delivering secure, compliant, privacy-first member authentication across in-branch and online channels to replace SMS one-time passcodes and protect against account takeover fraud and social engineering scams.
- Bonifii CUSO Services for Credit Unions A Credit Union Service Organization (CUSO) platform providing blockchain-based financial technology solutions, including digital identity and authentication services, to credit union partners.
Companies that use Bonifii
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Bonifii technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Bonifii partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- The Digital Banking NetworkcoreBonifii established a CUSO for credit union partners on The Digital Banking Network, positioning the company to grow its influence in the credit union sector and digital banking space through strategic collaboration.
- MetallicusflagshipMetallicus acquired Bonifii (formerly CULedger), a fintech company connected to 70 credit unions, to expand its blockchain solutions for financial institutions and establish a CUSO for credit union partners on The Digital Banking Network.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Bonifii competitors and assessment
Company assessmentEmerging players
- Jumio: Digital identity verification and biometric authentication provider for financial services. Comparable as an identity-focused fintech serving the same compliance and onboarding use cases Bonifii's biometric platform addresses.
- Socure: AI-driven identity verification and fraud prevention platform serving banks, credit unions, and fintechs. Comparable in delivering KYC, identity verification, and fraud prevention that overlaps with MemberPass's account-takeover prevention value proposition.
Direct peers
- DaLand CUSO: A Credit Union Service Organization explicitly named alongside Bonifii/Metallicus in the St. Cloud Financial Credit Union stablecoin launch. Operates as a CUSO serving similar credit union clients with adjacent digital asset and banking services.
- HYPR: Passwordless and biometric authentication platform purpose-built for enterprise and financial institutions. Closely comparable to MemberPass in deploying biometric/MFA authentication for regulated financial-sector customers.
- BioConnect: Biometric authentication platform serving financial services and enterprise customers. Closely comparable to MemberPass in providing biometric identity solutions for regulated financial-sector clients.
Broad incumbents
- Velera (formerly PSCU / Co-op Solutions): Large credit union industry CUSO providing digital, payments, and core processing services to thousands of credit unions. Comparable as a credit-union-focused technology and services incumbent serving the same buyer base as Bonifii.
- Jack Henry & Associates: Major core banking and digital banking technology provider to credit unions and community banks. Comparable as a broad incumbent offering authentication, digital banking, and core infrastructure to the same credit union segment.
- nCino: Cloud banking platform for credit unions, banks, and other financial institutions. Comparable in delivering digital transformation solutions — including identity and onboarding — to credit unions.
- Temenos: Global banking software provider with digital identity and authentication components. Comparable as a broad incumbent offering identity and digital banking infrastructure to financial institutions.
- Ping Identity: Identity and access management platform with MFA and authentication offerings. Comparable in providing authentication and identity infrastructure used by financial institutions for member/customer verification.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Bonifii social profiles
Digital presenceBonifii financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bonifii leadership team
Management profileNumber of profiles
Profiles2 records
Bonifii funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bonifii M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bonifii
What does Bonifii do?
Bonifii operated as a Credit Union Service Organization (CUSO) providing biometric identity and authentication technology—primarily the MemberPass® solution—to credit unions. The offering enabled secure, compliant, privacy-first member authentication across in-branch and digital channels, replacing legacy SMS one-time passcodes and reducing account takeover fraud and social engineering risk.
Is Bonifii a public or private company?
Bonifii is a private company. It is classified as corporate owned and is currently acquired.
When was Bonifii founded?
Bonifii was founded in 2017. It employs 1 to 10 people.
Where is Bonifii based?
Bonifii is headquartered in Denver, United States, in the North America region.
How does Bonifii make money?
One revenue line is on record: CUSO Services to Credit Unions.
Who are Bonifii's main competitors?
Emerging players on record are Jumio and Socure. Direct peers are DaLand CUSO, HYPR and BioConnect. Broad incumbents are Velera (formerly PSCU / Co-op Solutions), Jack Henry & Associates, nCino, Temenos and Ping Identity.
Does Bonifii have an API?
No public API is recorded for Bonifii.
What industry is Bonifii in?
Bonifii's product category is Credit Union Authentication Software. Its primary akta.pro industry code is BPAMAEAE, Authentication (MFA/Passwordless/Biometrics) Platforms, with a secondary code of FSAPACAH, Verifiable Credentials & Attestations (VC issuance/verification, credential registries). Its NAICS code is 522320 and its SIC code is 6199.