Envisant and Curql Fund II gain momentum with $2 million secured in early commitments
NAPERVILLE, IL (September 25, 2024) — Envisant, a leading credit union service organization (CUSO), is pleased to announce its first collaborative investment in Curql Fund II, a venture fund focused on supporting fintechs and accelerating digital transformation in the credit union industry. Twelve credit unions have made CUSO investments in Envisant ranging from $100,000 to $500,000, which have been aggregated into a single $2 million commitment to Curql.
“We’re thrilled with the response to our program for credit unions to engage in Curql Fund through an investment in Envisant,” said CEO Tom Kane. “This first group of investors demonstrates the strong interest in engaging with Curql through our unique aggregation model. By connecting with Curql through Envisant, credit unions under $1 billion in assets can get access all the benefits of Curql with a smaller outlay than a direct investment in Curql.”
Investing in the Future of Credit Unions
Credit unions with assets above $100 million can engage with the Curql Fund through an investment in Envisant. This strategic partnership unlocks a multitude of benefits for participating credit unions, including:
- Product and service discounts on cutting-edge fintech solutions.
- Bi-monthly calls providing in-depth insights into the latest fintech advancements.
- Access to the Curql Portal, a comprehensive resource hub for exploring and evaluating fintech partners.
- Participation in work groups on critical industry topics.
- Invitations to exclusive events that foster collaboration and knowledge sharing.
Envisant to Host Informative Webinars for Credit Unions
Envisant is committed to empowering credit unions with the knowledge and resources needed to navigate the evolving fintech landscape. To that end, they will be hosting a series of live webinars this fall, providing an opportunity for credit unions to learn more about engaging with Curql .
Join the Movement: Fund Participation Continues Through 2024
The opportunity to participate in Curql Fund II remains open throughout 2024. Credit unions interested in learning more or registering for the upcoming webinars are encouraged to contact Envisant at curql@envisant.com.
About Envisant
Envisant is the service corporation for the Illinois Credit Union League and features credit, debit and ATM programs, prepaid debit cards, portfolio development consulting, agent credit card programs, and collection services. Get to know us at www.envisant.com.
About Curql Collective
Curql Collective is a collaborative ecosystem of progressive credit unions and innovative fintech. Through a family of funds including Curql Fund I, Curql Fund II, and Curql Accelerate, Curql strategically invests in the visions of entrepreneurs to bring transformative technology to credit unions to revolutionize how credit union members engage with financial services in the digital age. As the on-ramp to fintech collaboration and innovation, Curql connects credit unions with the future of the credit union industry. For more information, please visit www.curql.com.
