Black Dragon Capital℠ and State Employees Credit Union of Maryland Begin Fintech Collaboration

Louis Hernandez, Jr.

The multi-phased investment firm backed by recognized fintech leaders, Black Dragon Capital℠, has announced a new strategic partnership with State Employees Credit Union of Maryland (“SECU”).

Founded over a decade ago by recognized financial technology and credit union leaders, Black Dragon Capital℠ is a multi-phased investment firm focused on disruptive technologies in high-growth industry segments. The firm is led by a collaborative team with a combination of intense operating experience, community impact focus, and a proven ability to transform and grow companies to strengthen economic stability within communities.

SECU is Maryland's largest state-chartered credit union, which offers goals-based financial planning and investment management services at every stage of life to its over 250,000 members¹.

After an extensive due diligence process, SECU has opted to enter a strategic partnership with Black Dragon Capital℠ which aims to explore approaches to the business and competitive challenges arising from the ongoing digitization of financial services. This collaboration between Black Dragon Capital℠ and SECU is focused on supporting the development of financial technology initiatives intended to assist credit unions transform and streamline their workflow while continuing to deliver the highest-quality member service possible.

SECU joins other credit unions that have partnered with Black Dragon Capital℠ to explore strategies aimed at enhancing community-focused financial services SECU. They will work with the Black Dragon Capital℠ team to engage the firm’s global reach and technology-focused insights to identify tools that may support credit unions navigating today’s digital landscape.

Through this partnership, SECU will also be able to bring the expertise of a collaborative firm that has seen success on a global scale to their community of members in Maryland.

“SECU is deeply committed to providing the best financial services to our members. We have listened intently to the Black Dragon Capital℠ team’s vision, which aligns with our belief that stronger financial services are the backbone of empowered communities. This partnership is an important, innovative step towards a new era of financial empowerment, and we are excited to unlock new technologies that will directly benefit our growth across Maryland,” said Jason Reimer, Executive Vice President and Chief Infrastructure & Experience Officer, SECU.

The Black Dragon Capital℠ team’s insights on operations, combined with their deep experience in cutting-edge technology positions them to advise portfolio companies on strategies that may strengthen market positioning. Through intense research on the competitors and markets, they have honed their prowess in identifying scalable solutions and working with founders to identify opportunities for differentiated growth in competitive markets.
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“Digital disruption has affected credit unions and the communities they serve. The Black Dragon Capital℠ team’s goal is to seek out innovative technologies that can help credit unions gain a competitive edge that they may thrive in a rapidly evolving landscape. To reach this goal, we present credit unions like SECU with a unique opportunity to partner with our team of experienced professionals – all of whom have deep domain expertise in the financial industry, and a proven ability of transforming and growing companies,” said Louis Hernandez Jr., Founder and CEO, Black Dragon Capital. “SECU shares our goal of empowering credit unions and their communities and we’re looking forward to working with them.”

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