The venture capital collective has recruited more than 80 credit unions for its second fintech-focused fund.
Curql, a collective of over 130 credit unions jointly investing in fintech, has raised $309m for its Fund II, from 83 credit unions in the US.
The fund is expected to close at the end of July and has already surpassed Curql Fund I, which brought 64 credit unions together to reach $254m, backing 38 fintech companies based in the US and Canada.
“This is about more than just investment — it’s about positioning credit unions to shape the future of fintech on their terms,” Nick Evens, president and CEO of Curql Collective, said yesterday when announcing the raise.
“Credit unions that join Curql Fund II are joining a movement to drive smarter, more relevant and member-centric innovation across the industry.”
Curql gives credit union limited partners access to a range of fintech products and technologies aligned with their needs and allows them to save money through preferred pricing agreements with portfolio companies, in addition to an ownership stake in the fintech fund they back.
Digital estate planning innovator Trust & Will recently secured an investment of $4.5m from Curql in its series C round, adding to the total raised of $32m. The firm also participated in AI dispute automation and fraud prevention software provider Casap’s seed round in November 2024.
