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Because of their smaller size and scale relative to banks, many credit unions find it hard to draw the attention of fintechs. A new venture capital offering has set its sights on fixing that problem.
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The Curql Fund, which announced its first close in April, now has 30 credit union investors and has raised more than $100 million. The fund launched in 2020 and is managed by Next Level Ventures, the largest investment firm managing credit union assets, in collaboration with the credit unions in the Members Development Company CUSO. It is steered by a group of former founders, operators and leaders in the fintech and VC spaces.
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