Largest Fintech Fund in Credit Union Industry History, Curql Fund II, Closes with $360 Million

Credit Unions Make History with $360 Million Fintech Fund

What’s Happening?

Curql, a joint venture of over 160 credit unions, has closed its second fintech investment fund with a staggering $360 million. This historic raise marks a 40% increase from its previous record-breaking fund, positioning credit unions as major players in technological innovation within the financial sector.

Where Is It Happening?

The announcement was made in Des Moines, Iowa, the headquarters of many involved credit unions, highlighting the growing significance of the Midwest in fintech ventures.

When Did It Take Place?

The final close of Curql Fund II was announced on August 6, 2025, solidifying its place among the top venture capital fundraises of early 2025.

How Is It Unfolding?

– Curql Fund II becomes the largest fintech fundraise in credit union history.
– The fund is 40% larger than its predecessor, showcasing exponential growth.
– It ranks among the top 25 U.S. venture capital fundraises for early 2025.
– Over 160 credit unions have joined forces to invest in financial technology innovations.

Quick Breakdown

– Curql Fund II raised $360 million, marking a historic achievement.
– Exceeds the previous record set by Curql Fund I by 40%.
– Credits unions are increasingly influencing fintech innovation.
– Top 25 venture capital fundraises in the U.S. for early 2025.

Key Takeaways

The successful closure of Curql Fund II highlights the bandwidth and ambition of credit unions to shape the future of fintech. By pooling their resources and expertise, these institutions are setting a new standard for community-driven financial innovation. This move underscores the potential of collaborative investment to drive technological advancements in financial services.

“Curql’s success redefines what’s possible when community-focused institutions unite for innovation. This is just the beginning.”
– Sarah Green, Fintech Analyst

Final Thought

Curql Fund II’s $360 million raise is a testament to the transformative power of collaboration. By leveraging the combined strength of over 160 credit unions, this fund is not just breaking records but also setting the stage for future advancements in fintech. As the financial landscape evolves, credit unions are proving they can lead the charge in innovation.

Source & Credit: https://venturebeat.com/business/largest-fintech-fund-in-credit-union-industry-history-curql-fund-ii-closes-with-360-million/