Des Moines (April 20, 2023) – In its ongoing quest to help spur innovation in the credit union industry, Curql Collective continues to build upon its robust ecosystem of fintech partners – most recently welcoming Foro, a commercial lending platform. Foro joins an ever-growing list of fintech partners working to deliver transformative financial technology that helps credit unions create peerless member experiences.
Based in Charlotte, North Carolina, Foro’s technology streamlines the commercial lending experience for small and midsize businesses and introduces them to lenders that best fit their capital needs, in a fraction of the time when compared to traditional methods. Businesses seeking a loan can connect with multiple lenders simultaneously, through one centralized experience, saving time and paperwork for both the potential borrower and lender. The entire experience is backed and guided by a team of commercial lending experts who guide borrowers through the process.
“Commercial borrowers are an important part of the big picture, helping credit unions diversify and strengthen their loan portfolios,” said Curql Collective CEO & President Nick Evens. “Foro’s solution will make it easier for commercial borrowers to find quality loans and lenders and provide new channels for credit unions to expand their commercial loan portfolios and connect with high-quality commercial members. It’s a win-win for both businesses and credit unions. We think Foro’s solution is a game changer that will excite many credit unions.”
“We’re excited to be a part of the Curql Collective to help growing businesses increase their access to capital,” said Dave Godsman, CEO of Foro. “Credit unions are a critical lending option for all businesses, and we look forward to helping expand membership and commercial loan portfolios for all the Curql Collective members.”
About Curql Collective
Curql Collective is a collaborative approach that brings investment capital, credit unions, and fintech together. Launched in 2020, Curql is steered by a collective of forward-thinking credit unions, including former founders, operators, and leaders in the fintech and investment spaces. The group’s flagship – Curql Fund I – invests in the visions of entrepreneurs who thoughtfully and purposefully develop financial services technology that revolutionizes and innovates how people engage with their money. For more information, please visit www.curql.com.
About Foro
Foro democratizes access to capital by streamlining the commercial lending process. Using a proprietary algorithm, they enable growing businesses seeking capital to have the choice, clarity, and confidence that companies need to choose the right lender and fuel their future. At the same time, lenders can complement their services by identifying businesses actively seeking growth capital that fit their lending criteria. To learn more about how Foro accelerates and improves the commercial lending process for businesses and financial institutions, visit Foro.io today. For more information, visit https://foro.io/.