DES MOINES, Iowa–Curql, which is a collective of credit unions that jointly invest in fintech, is reporting that its Curql Fund II has surpassed $309 million in capital raised from 83 credit unions nationally.
“With the fund set to close at the end of July, credit unions now face their final opportunity to participate in a movement that’s reshaping the financial services landscape — led by credit unions, for credit unions,” the company said.
Curql noted that Curql Fund I brought 64 credit unions together to invest $254 million, ultimately backing 38 fintech companies.
“Curql Fund II has already surpassed those milestones, and with greater capital and more credit unions aligned, the number of transformative fintech solutions in the portfolio is expected to grow significantly,” according to the organization.
$12 Million in Savings
To date, Curql said its investors have unlocked approximately $12 million in savings through negotiated fintech discounts, exclusive pricing, and early-access opportunities. With a broader portfolio expected through Fund II, the collective value of discounts and strategic benefits is anticipated to expand even further, the company added.
“This is about more than just investment — it’s about positioning credit unions to shape the future of fintech on their terms,” President and CEO Nick Evens said in a statement. “Credit unions that join Curql Fund II are joining a movement to drive smarter, more relevant and member-centric innovation across the industry.”
Driving Force
According to Curql, “at the heart of it all is one driving force: relevance. As the financial landscape rapidly evolves, maintaining relevance isn’t just a competitive advantage—it’s a survival strategy. That’s why more than 130 credit unions have invested through Curql: to stay vital, visible, and valuable to their members.”
The company said Curql Fund II provides credit unions with:
- Direct access to a growing pipeline of fintech solutions aligned with credit union needs
- Exclusive savings through preferred pricing agreements across the portfolio
- A seat at the table to help shape the future of financial technology alongside other credit union leaders
- Ownership stake in the only credit union-focused fintech fund of its kind
The Deadline
The company said the investment window for Fund II closes July 31, and noted that the onboarding, board approval, and legal processes typically take two-to-three months.
For info: www.curql.com/credit-unions