Curql Collective Announces the formation of Curql Fund II

Nick Evens

​Curql Collective, a Credit Union Service Organization driving innovation and collaboration for the credit union industry, today publicly announced the formation of its second fintech strategic investment fund, Curql Fund II. As with the fund’s predecessor, the $252 million Curql Fund I, the new fund will continue to focus on diverse offerings and early-stage investment opportunities in the fintech space. Additionally, Curql Fund II will be an opportunity for even more credit unions to participate in advancing Curql’s mission to bring fintech to credit unions. Curql’s family of funds represents the only CUSO strategic investment opportunity backed exclusively by credit unions and credit union industry partners.
 
“Our mission is very simple; we bring fintech to credit unions. We have created an ecosystem of unparalleled collaboration at Curql and in order to continue the momentum we have had to create a pathway to what is next. Our Board of Managers has given the green light to Curql Fund II, and we couldn’t be more confident regarding our unique model for strategic investment by credit unions for the benefit of the entire industry,” said Curql Collective CEO Nick Evens. “By maintaining a commitment to compiling a diverse investment portfolio through continued partnership with our professional fund manager, we are aligning Curql Fund II to continue to de-risk these fintech CUSO investments for credit unions and build on the Curql ecosystem that is thriving. At the same time, we’re also looking forward to evolving our investments to provide credit unions with even more opportunities to compete against the giant fintech and big banks.”  
 
Investment out of Curql Fund II is slated to begin in 2024. Curql Fund II will build on the success of Curql Fund I, which began making investments in April 2021. Based on Pitchbook’s survey of investment funds from Q1 2023, Curql Fund I’s performance is in the top quartile of similar investment funds from the 2021 vintage year.

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