Black Dragon Capital℠ Partners with Canvas Credit Union to Explore Innovative Technologies for Fintech

Chad Shane

​Black Dragon Capital℠, a multi-phased investment firm that is led by recognized leaders in financial technology and credit unions who understand the unique needs of this market, has announced their partnership with Canvas Credit Union.
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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 that strengthen economic stability within communities. The firm is led by a collaborative team with a combination of intense operating experience, community impact focus, and a proven ability of transforming and growing companies.

Canvas Credit Union is Colorado’s third largest credit union serving over 300,000 members¹. The organization provides a full array of financial products and services to the communities it has been serving for over 87 years.

After intensive due diligence, Canvas Credit Union has entered a partnership with Black Dragon Capital℠ with the goal of addressing the significant business and competitive issues created by the ongoing digitization of financial services. Through this collaboration, Black Dragon Capital℠ and Canvas Credit Union hope to create and scale financial technology companies that can help credit unions transform their business and regain their member service advantage.

Canvas joins a growing list of the most innovative Credit Unions in the industry who have partnered with Black Dragon Capital℠ to reshape our community. They will work with the Black Dragon Capital℠ team to leverage the firm’s global reach and technology-driven expertise, with the main objective of delivering innovative solutions dedicated to empowering credit unions to thrive in a rapidly evolving digital landscape.

Through this partnership, Canvas Credit Union will also be able to best leverage the balance sheet and partner with a collaborative firm that has seen success on a global scale.

“Black Dragon Capital℠ is not just adapting to the future of finance – they are building it,” said Chad Shane, CEO, Canvas Credit Union. “We are excited to unlock new possibilities with this partnership, and we are optimistic that it will result in the creation of innovative solutions that will allow us to better serve our members.”

The Black Dragon Capital℠ team’s insights on operations, combined with their deep experience in cutting-edge technology puts them in a place to deliver competitive advantages for their portfolio companies and founders. Through intense research on the competitors and markets, they have honed their prowess in identifying scalable solutions and helping founders accelerate growth by cutting through competition.

“Our team is deeply committed to empowering credit unions so that they may thrive in a rapidly evolving landscape. To reach this goal, we present credit unions like Canvas 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. “We are excited to work together with Canvas Credit Union in order to meet our shared goal of empowering CUs and their communities.”

"The future of finance is collaborative,” said Chris Otey, Co-Founder, CU 2.0. “By combining expertise and resources with future-forward credit unions like Canvas CU, Black Dragon Capital℠ is creating a powerful force for change in the FinTech industry.”

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