DES MOINES, Iowa– Curql said it is partnering with gener8tor, a startup accelerator and investment fund, to introduce an initiative aimed at accelerating credit union innovation: Curql Accelerate.
“Curql Accelerate, powered by gener8tor is set to close the gap between credit unions and fintech pioneers,” Curql said. “Startups building solutions ranging from member experience to transformative digital services will have access to tools and relationships across Curql’s credit union ecosystem.”
According to Curql, five startups will be selected by a committee of credit union leaders for the inaugural program commencing in January 2024. Each startup selected will receive $100,000 in investment from Curql Fund I and a pathway to becoming a CUSO , which is a required qualification to receive the investment.
‘Tailored Support’
Curql added that access to tailored support, seasoned mentors, industry expertise, pilot opportunities, and potential investors are all key aspects of the program. It further added that the accelerator will leverage a hybrid format, meeting consistently in a virtual setting and more notably, working on-site at select progressive credit unions across the country.
“Curql Accelerate directly advances our mission to bring fintech to credit unions by expanding the diversity and breadth of fintech founders within our ecosystem,” said Nick Evens, president & CEO of Curql Collective.
Team Member Added
Curql said it has also expanded its team specifically for this new program, with the addition of Managing Director Rowan Hume, who has more than four years of experience running accelerator programs with gener8tor.
According to Curql, the inaugural Curql Accelerate powered by gener8tor program in the spring will be followed by a second program in the fall of 2024.
The deadline to apply for the inaugural cohort is Nov. 26, 2023. For info, go here.