For Immediate Release:  Curql Fund I Raises Over $250 Million to Progress Fintech for Credit Unions

 

(Des Moines, Iowa) — Curql Collective, the Credit Union Service Organization (CUSO) spurring innovation in fintech for the credit union industry, has announced its Curql Fund I officially closed to investors at just over $250 million on October 31. The fund is designed to invest in technologies that enhance how credit unions engage with their members and how members engage with their money. To date, 69 Limited Partners have committed capital to Curql Fund I, with 10 joining in the last 2 weeks. The fund has invested in nine fintech CUSO’s during the initial six months.

Curql Fund I was originally planned to close at $150 million, but due to overwhelming response from interested credit unions and CUSO’s, the fund’s Limited Partners and management team raised the fund’s cap to just over $250 million to allow additional participation.   

“The credit union industry was clearly ready for this type of opportunity,” said Nick Evens, President and CEO of Curql Collective. “With so many credit unions clamoring to invest in the fund right up to the end, we simply had to increase the size of the fund. It’s very telling of the appetite the credit union industry has for financial technology that can activate real change in how they interact with their members. At Curql Collective, we’re elated to see this coming together of like-minded credit union and fintech leaders – and we can’t wait to watch what happens for the industry.”

About Curql Collective

Curql Collective is a collaborative approach that brings investment capital, credit unions, and fintech together. Launched in 2020 Curql is steered by a collective of forward-thinking credit union industry leaders, including former founders, operators, and leaders in the fintech and investment spaces. The group’s flagship – Curql Fund I – invests in the visions of entrepreneurs who thoughtfully and purposefully develop financial services technology that revolutionizes and innovates how people engage with their money. For more information, please visit curql.com.

Shaping the Future

How investment collaboration can transform the industry Transformative ideas are sparks that move any industry forward. The credit union industry itself was the realization of a transformative idea. And it was achieved by no single person. Instead, it was realized by the coming together of many people who knew that the brilliant idea was worth pursuing and the dream worth living.