DES MOINES, Iowa--(BUSINESS WIRE)--Curql Collective, the only strategic investment fund created by and for credit unions to collectively invest in fintech, celebrates a monumental achievement – Curql Fund II has secured over $200 million in investment commitments. Building on the record-breaking success of Curql’s first fund, which tallied $250 million, Fund II brings the total combined to over $450 million and continues to grow - but once the fundraise closes, it won’t open again for several years.
The fund has quickly gained momentum, surging from $100 million to $150 million and now surpassing the $200 million mark within a short timeframe. This historic milestone is credited to the collaborative spirit of over 130 credit unions in the Collective seeking relevancy and ability to compete against big banks.
“This milestone is more than a number; it’s a statement about what credit unions can achieve together,” said Nick Evens, President and CEO of Curql Collective. “Crossing $200 million shows the collective impact of our credit unions. But we’re not done yet. The investment window is still open for those ready to join; it's not too late.”
The $200 million fund serves a critical purpose: empowering credit unions to remain at the forefront of the financial services industry by unlocking access to transformative fintech solutions. Participating credit unions have already secured over $11 million in savings from the portfolio of 40+ CUSO fintech through Curql’s negotiated discounts.
Curql's commitment to delivering impactful solutions goes beyond investment dollars. The Collective has established partnerships with over 40 leading fintech companies - all CUSOS - ensuring credit unions have access to scalable technologies while having a voice in the roadmaps of the fintech to ensure they are tailored to credit union needs. This dedication to securing top-tier technology strengthens not only the Curql ecosystem but also positions credit unions to be competitive.
Credit unions interested in joining the movement can still take advantage of the open investment window to become part of Curql Fund II.
About Curql Collective
Curql Collective is a collaborative ecosystem built by credit unions, for credit unions, where innovation meets purpose. With the backing of over 130 progressive credit unions, Curql invests in and accelerates the development of fintech solutions that empower credit unions to better serve their members and stay competitive in a rapidly changing financial landscape. Through Curql Fund I, Curql Fund II, and Curql Accelerate, Curql has partnered with over 40 fintech companies to bring transformative technologies directly to the credit union movement. Together, Curql is creating opportunities for growth, enhancing member experiences, and driving meaningful change across the industry. For more information, please visit https://marketing.curql.com/an-ecosystem-has-been-created-to-bring-fintech-to-credit-unions.
