DES MOINES, Iowa–Curql Collective is reporting that within months of opening its Curql Fund II it has reached its first key milestone of $100 million in investment commitments.
Curql Collective said the funds have come from 24 credit unions “focused on strategically investing in transformative fintech.”
The two-dozen investors in this funding round are 3Rivers FCU, Affinity Plus FCU, Apple FCU, Ascend FCU, Coastal FCU, Community First CU of Florida, Corporate Central CU, Desert Financial CU, Educators CU, ELGA CU, First Florida CU, Georgia’s Own CU, GreenState CU, Idaho Central CU, IH Mississippi Valley CU, Lake Trust CU, Red River CU, SchoolsFirst FCU, Telhio CU, True Sky CU, Truliant FCU, VyStar CU, Vantage West CU, and Washington State Employees CU.
Need for ‘Staying Nimble’
“With the speed of market shifts, staying nimble and remaining relevant, are understandably top priorities for every credit union leader right now,” Sandra Sagehorn-Elliott, president/CEO, Vantage West Credit Union, said in a statement. “Joining forces with other, like minded and innovative credit unions to bring promising fintech to the industry will allow us to stay ahead of the curve and provide our members a superior experience. Vantage West is proud to join Curql Fund II alongside this impressive list of innovative credit unions.”
Added Curql Collective CEO Nick Evens, “When we announced the fund in late 2023, we knew it would be received with great enthusiasm. However, the initial response in a short amount of time has exceeded our expectations. And at the same time, we are just getting started as we will continue to tell our story to credit unions for several more months.”
‘More than an Investment’
While fundraising continues, Evens added in a statement the ecosystem Curql has created is not just about strategic investment, “but more about advancing a credit union’s digital journey with fintech in a way that both work together to create a more transformative experience for the member. “
“Our credit union partners are the most collaborative and innovative, and together we are finding transformative technology to advance the mission every single day,” Evens said.
Deadline is August 31
As Curql Fund II begins to make investments, Curql Fund said it will continue to accept commitments through August 31, with the company adding Curql Fund II will focus on strategic investment in a diverse ecosystem of fintech founders, as it did with Curql Fund I, which is now fully subscribed with 28 fintech in the portfolio.
For info: www.curql.com.
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