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.

Curql Collective Announces the formation of Curql Fund II

The new fund will continue to focus on diverse offerings and early-stage investment opportunities in the fintech space and will be an opportunity for even more credit unions to participate in advancing Curql’s mission to bring fintech to credit unions.

Curql Collective Adds Constant to Growing Fintech Ecosystem

Our new Ecosystem Partner, Constant, harnesses the power of automation and AI to help credit unions unlock new revenue, slash operational costs, and eliminate labor-intensive, manual work in loan operations.

Curql Collective Expands Fintech Ecosystem with Addition of New Partner, Nickels

Our new partner, Nickels, provides white-label products that harness the power of behavioral science to help credit union members better manage their finances and credit card debt through automated personalized guidance and enhanced member engagement.

Curql Collective Welcomes Foro as a New Fintech Ecosystem Partner for Commercial Lending

Foro’s technology streamlines the commercial lending experience for small and midsize businesses and introduces them to lenders that best fit their capital needs, in a fraction of the time when compared to traditional methods.

Curql Collective Expands Fintech Ecosystem with Newest Partner, Flybits

Flybits leverages artificial intelligence and other technologies to deliver personalized content and digital experiences to credit union members.