MemberPass

Name

MemberPass

Legal name

Metallicus

Website

https://memberpass.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Biometric Identity Authentication

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)

Keywords

• Biometric authentication
• Credit union security
• Digital identity verification
• Member authentication
• Fraud prevention

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Biometric Authentication Licensing: MemberPass is offered as a licensed biometric authentication solution to credit unions. The revenue model involves subscription or licensing fees for access to the biometric identity platform, with implementation and support services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

MemberPass is a biometric identity authentication solution purpose-built for credit unions, offering secure, compliant, and privacy-first verification across all member service channels. It replaces SMS one-time passcodes with biometric authentication, delivers cross-channel member experiences (in-branch and online), and provides enterprise-grade security and fraud prevention against account takeover and social engineering attacks. The product is offered to credit unions via subscription/licensing and distributed directly and through CUSO partners.

Product overview

MemberPass is a single biometric identity product for credit unions that provides secure, compliant, and privacy-first authentication. The product operates as part of the broader Metallicus ecosystem (which includes Metal X, Metal Pay, Metal L2, Metal Blockchain, XPR Network, WebAuth Wallet, and Metal Dollar), but MemberPass itself is a standalone biometric authentication solution focused on credit union member verification and fraud prevention.

Differentiator

Problem solved

Functional benefit

Brands

• MemberPass: A biometric identity solution purpose-built for credit unions to deliver secure, compliant, and privacy-first authentication.
• Metal X
• Metal Pay
• Metal L2
• Metal Blockchain
• Metal Dollar
• XPR Network
• WebAuth Wallet

Products and services

• MemberPass
• MemberPass Biometric Authentication Biometric member authentication component of MemberPass that replaces SMS one-time passcodes with superior biometric verification, modernizing credit union security posture.
• MemberPass Cross-Channel Member Experience Cross-channel member verification component of MemberPass that delivers seamless, frictionless authentication across in-branch and online channels while protecting member data.

Quantifiable outcome

• Reduces fraud incidence from account takeover and social engineering scams while enhancing operational efficiency

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Bonifii (formerly CULedger)coreStrategic or Co-development PartnerMetallicus acquired FinTech Bonifii (formerly known as CULedger), a Credit Union Service Organization (CUSO). This acquisition connects MemberPass to 70+ credit unions, significantly expanding the distribution reach and customer base of the biometric authentication solution.
• St. Cloud Financial Credit UnionflagshipStrategic or Co-development PartnerSt. Cloud Financial Credit Union partnered with Metallicus and DaLand CUSO to issue Cloud Dollar ($CLDUSD), the nation's first credit-union-issued stablecoin. This is a landmark partnership for U.S. banking and represents St. Cloud's digital asset vault launch.
• DaLand CUSOcoreStrategic or Co-development PartnerPartnered with Metallicus and St. Cloud Financial Credit Union to issue Cloud Dollar ($CLDUSD), the nation's first credit-union-issued stablecoin.
• VeleracoreStrategic or Co-development PartnerMetallicus was selected as the first platform partner for Velera's newly launched Digital Asset Lab. This represents a strategic relationship with a major credit union payment network provider.
• Federal Reserve (FedNow)coreTechnology or IntegrationMetallicus achieved FedNow Service certification with Request for Payment (RFP) capability. This certification enables credit unions to deliver real-time payments, digital wallets, and compliant digital asset capabilities without moving deposits or trust outside the institution.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Okta: Okta is a leading horizontal identity and authentication platform offering MFA, passwordless, and biometrics for enterprises. It competes for the same authentication budget at credit unions and community banks as MemberPass, but as a broad incumbent rather than a vertical specialist.
• Ping Identity: Ping Identity is an established enterprise identity and access management vendor serving large banks and financial services firms. It is a broad incumbent competing for the same authentication and federation budget as MemberPass, particularly among larger credit unions.
• ForgeRock: ForgeRock provides identity and access management with strong deployments in financial services. As a broad incumbent, it competes for enterprise authentication contracts at credit unions and community banks, often with deeper CIAM tooling than MemberPass.

Direct peers

• HYPR: HYPR provides passwordless and biometric authentication designed for regulated industries including financial services. Like MemberPass, it focuses on eliminating SMS OTP vulnerabilities and is sold to banks and credit unions as an enterprise MFA replacement.
• Daon: Daon is a biometric identity verification and authentication platform with deep deployments in financial services and credit unions. Its IdentityX product overlaps directly with MemberPass's biometric authentication for member verification.
• Transmit Security: Transmit Security offers passwordless authentication and identity fraud prevention to banks and large financial institutions. It competes in the same biometric MFA category as MemberPass and is increasingly targeting community banks and credit unions.
• BioConnect: BioConnect provides biometric authentication solutions for financial institutions, including credit unions and community banks. It is a direct competitor in the niche MemberPass targets, with comparable focus on enterprise-grade biometric MFA.

Emerging players

• Jumio: Jumio provides biometric identity verification and KYC for financial institutions, with strong deployment among digital banks and fintechs. It overlaps with MemberPass on identity verification for member onboarding, though it leans more toward KYC than core authentication.
• ID.me: ID.me provides identity verification with biometric components and is used by financial institutions and government agencies. It overlaps with MemberPass on consumer identity verification, including in financial services contexts.

Others

• Velera: Velera is a major credit-union payments and technology CUSO that selected Metallicus/MemberPass as the first platform partner for its Digital Asset Lab. It is comparable as an ecosystem enabler that connects MemberPass to credit unions, rather than as a competing authentication product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• Xx.com/memberpass
• YouTubeyoutube.com/channel/UCbB7oW7WQIpk5KIY5gkHJrA
• LinkedInlinkedin.com/company/metallicus
• Instagraminstagram.com/wearemetallicus
• Facebookfacebook.com/getmemberpass

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MemberPass