DES MOINES, Iowa– The CUSO Curql Collective said its Curql Fund I has made an investment in fintech startup Credit Mountain.
Curql Collective consolidates credit union-backed venture capital to be invested in various fintechs and other companies. The CUSO did not reveal the amount of the investment made.
According to Curql Collective, Dallas-based Credit Mountain is “taking credit counseling to the next level” by providing personalized credit counseling powered by artificial intelligence, then backing up that guidance with a suite of tools that help aspiring borrowers to improve their credit scores.
For credit unions, this technology offers enticing opportunities to cultivate additional borrowers and grow their membership bases, the CUSO added.
“In many application scenarios, borrowers who don’t qualify for high-quality loans are simply declined with no action plan,” said Nathan Pinto, CEO-Founder of Credit Mountain. “Our solution helps credit unions identify those potential borrowers who come close to qualifying and then gives credit unions a way to aid those applicants as they climb that mountain to creditworthiness.”
‘An Investment in People’
Added Curql Collective President and CEO Nick Evens, “This is really an investment in people. We’re excited to make this investment in Credit Mountain, knowing that it will help create brighter futures both for members and credit unions. This technology also shows how technology can actually forge stronger relationships between members and credit unions. Credit unions will be able to actively engage with these borrowers and become the lender of choice when their time comes.”
For info: www.curql.com.
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