Black Dragon Capital Begins Fintech Focused Partnership with California Credit Union
- Editor
- May 5
- 2 min read
Whats Happening:
Black Dragon Capital, a multi-phased investment fund led by financial technology and credit union experts, has announced a partnership with California Credit Union. The collaboration aims to address challenges created by the ongoing digitization of financial services. California Credit Union, serving about 200,000 members, chose Black Dragon Capital due to their need for simplified reporting and familiarity with the fund's leadership team, known for their impact on fintech through companies like Open Solutions and Payveris.
Key Moves:
Black Dragon Capital partners with California Credit Union
Collaboration aims to address challenges in financial services digitization
Partnership focuses on creating and scaling fintech companies for credit unions
By The Numbers:
California Credit Union serves approximately 200,000 members
California Credit Union has assets of $5 billion
California Credit Union operates 25 retail branches
Key Quotes:
"Technology is the great equalizer. By embracing innovation, we can create a more inclusive and efficient financial system," said Steve O'Connell, President & CEO, California Credit Union.
"The future of finance is here, and Black Dragon Capital is eager to help credit unions, community financial institutions, and CUSOs make the most out of technology to drive success," said Benson Porter, Senior Advisor, Black Dragon Capital.
"Ultimately, this partnership is about delivering greater value to Credit Union members and their communities," said Chris Otey, Co-Founder, CU 2.0.
Bottom Line:
The partnership between Black Dragon Capital and California Credit Union represents a significant step towards addressing the challenges posed by the digitization of financial services. By leveraging Black Dragon Capital's expertise in fintech and credit unions, the collaboration aims to create and scale financial technology companies that can empower credit unions to transform their businesses and regain their member service advantage in an increasingly digital landscape.
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