Curql Fund I raises over $250 million to progress fintech for credit unions
DES MOINES, IA (November 4, 2021) — 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 ecosystem of progressive credit unions and innovative fintech. Through a family of funds including Curql Fund I, Curql Fund II, and Curql Accelerate, Curql strategically invests in the visions of entrepreneurs to bring transformative technology to credit unions to revolutionize how credit union members engage with financial services in the digital age. As the on-ramp to fintech collaboration and innovation, Curql connects credit unions with the future of the credit union industry. For more information, please visit www.curql.com.
