Curql Collective said that 69 Limited Partners committed capital to Curql Fund I, with 10 joining in the final two weeks. The fund financially supported nine fintech CUSOs, seven of which have been made public:

Eltropy, a Milpitas, Calif.-based digital communications platform provider for financial institutions, which signed deals with 31 credit unions in the third quarter of 2021. According to its website, it closed $25 million in its Series A funding round, led by K1 Investment Management with additional investment from the Curql Fund and CMFG Ventures in June 2021.
Illuma Labs, a Plano, Texas-based CUSO that provides real-time voice authentication and fraud prevention solutions for credit unions. It secured $2.5 million from Curql Fund I in June 2021, according to its website.
The Washington, D.C.-based MotoRefi, which is now named Caribou and provides a digital, consumer-facing auto loan refinance platform. It landed a $5 million investment from Curql Fund I in August 2021, according to a MotoRefi news release.
WithClutch, a San Francisco-based SaaS provider that aims to transform credit unions into fintech lenders and turn recapture on autopilot, according to Curql Collective's website. WithClutch's website did not indicate the amount it received through Curql Fund I.
Nymbus CUSO, which is focused on helping credit unions manage fintech solutions, landed a $5 million second round investment from Curql Fund I in June 2021.
Zest AI, a Los Angeles-based provider of artificial intelligence-powered loan underwriting software, received an investment totaling an undisclosed amount from Curql Fund I in September 2021.
CU Railz, the CUSO of digital payments company Payrailz, landed a $5.4 million investment through Curql Fund I in October 2021.

According to a Curql Collective spokesperson, two more investments are in the process of closing and have not yet been announced.

Instant Insights /

Curql Fund I Closes at Over $250 Million

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