Envisant, a Credit Union Service Organization (CUSO) of the Illinois Credit Union League, has
partnered with Curql to empower credit unions of all sizes to invest in fintech. This collaboration
opens opportunities for credit unions with assets ranging from $100 million to $1 billion to invest
jointly in transformative fintech and join the Curql Collective ecosystem. This thriving ecosystem
comprises 140+ credit union stakeholders and 40+ fintech companies.
Credit unions often face significant challenges competing against large banks and tech
companies. The partnership between Envisant and Curql addresses this by providing credit
unions of diverse asset sizes access to cutting-edge technologies through pooled investments,
bi-monthly webinars, the Curql Portal, working groups, and special offers from fintech providers.
Curql negotiates favorable terms from fintech portfolio companies, delivering substantial value
to participating credit unions.
Tom Kane, CEO of Envisant, highlights the significance of this partnership: “We’re excited to
bring credit unions this unique opportunity to engage with Curql Collective. Curql Fund II creates
an investment diversification strategy with incredible potential for credit unions to engage with
Curql at a lower investment amount.”
This initiative allows credit unions with less than $1 billion in assets to participate in the Curql
fintech ecosystem by purchasing Envisant special stock ranging from $100,000 to $750,000.
These aggregated funds will be invested in Curql Fund II, expanding a successful 2021 program
where Envisant raised $2.4 million for Curql Fund I.
Imagine credit unions as race cars, drafting off each other to gain speed and efficiency. This
collective investment ensures that credit unions of all sizes can benefit from each other's
success, enhancing their services and maintaining a competitive edge. This collaborative
approach empowers credit unions to navigate the evolving financial landscape effectively.
Nick Evens, CEO of Curql Collective, emphasizes the partnership's inclusivity: “This partnership
with Envisant underscores our inclusive approach – allowing credit unions of diverse asset sizes
to participate and leverage these cutting-edge technologies. It’s a strategic step forward in
leveling the playing field and giving credit unions big and small a voice in the future of how credit
unions collaborate and how fintech collaborates with the industry.”
This partnership is a strategic move to help credit unions compete with larger financial entities.
Curql's professional fund management team conducts thorough due diligence on each fintech
investment and monitors portfolio performance, ensuring maximum returns while protecting
against risks. Something Curql refers to as Credit Union Ready.