NAPERVILLE, Ill.–Envisant, a CUSO of the Illinois Credit Union League, said it has partnered withCurql Collective to “open the door” for credit unions with assets between $100 million to $1 billion to jointly invest in “transformative fintech.”
According to Envisant, the collaboration addresses the “increasing need for these credit unions to harness advanced technologies to remain competitive and relevant in a sector increasingly dominated by large banks and tech conglomerates.”
“We’re excited to bring credit unions this unique opportunity to engage with Curql Collective,” Tom Kane, CEO of Envisant, said in a statement. “The Curql II Fund creates an investment diversification strategy with incredible potential for credit unions to engage in Curql at a lower investment amount.”
According to Envisant, by facilitating collective investment, “this initiative gives credit unions within this asset range a seat at the table, empowering them to take ownership in the ecosystem that is fusing the future of credit unions and fintech.”
The company further said the move broadens the credit union’s access to extensive product and service discounts in these emerging technologies and strengthens their ability to offer enhanced services to their members.
‘Big Tent Mentality’
“This partnership with Envisant underscores our big tent mentality – ensuring inclusivity in fintech investments and allowing credit unions of diverse asset sizes to enter and leverage these cutting-edge technologies,” Nick Evens, CEO of Curql Collective, said in a statement. “It’s a strategic step forward in leveling the playing field and giving credit unions big and small a voice in the future of how credit unions collaborate with each other and how fintech collaborates with the industry.”
For additional info, several webinars are planned. For more, go here.
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