Black Dragon Capital℠, a multi-phased investment firm that is led by recognized leaders in financial technology and credit unions who understand the unique needs of this market, has announced their partnership with California Credit Union.

Founded over a decade ago by recognized financial technology and credit union leaders, Black Dragon Capital℠ is a multi-phased investment firm focused on disruptive technologies in high growth industry segments that strengthen economic stability within communities. The firm is led by a collaborative team with a combination of intense operating experience, community impact focus, and a proven ability of transforming and growing companies.

California Credit Union is a federally insured, state-chartered credit union serving approximately 200,000 members¹. Named as Forbes Best-In-State Credit Union in 2024, the credit union offers a full suite of consumer, business and investment products and services, including comprehensive consumer checking and loan options, personalized financial planning, business banking, and leading-edge online and mobile banking to the community it has been serving for over 93 years.

After a thorough due diligence process, California Credit Union has entered a partnership with Black Dragon Capital℠ with the goal of addressing the significant business and competitive issues created by the ongoing digitization of financial services. This decision was heavily influenced by California Credit Union's own pain point of needing simplified reporting, combined with their familiarity with the leadership team behind Black Dragon Capital℠ who made a significant impact on fintech after building and transforming companies like Open Solutions and Payveris.

Through this collaboration, Black Dragon Capital℠ and California Credit Union hope to create and scale financial technology companies that can empower credit unions to transform their business and regain their member service advantage.

California Credit Union joins a growing list of the most innovative Credit Unions in the industry who have partnered with Black Dragon Capital℠ to reshape our community. They will work with the Black Dragon Capital℠ team to leverage the firm's global reach and technology-driven expertise, with the main objective of delivering innovative solutions dedicated to empowering credit unions to thrive in a rapidly evolving digital landscape.

Through this partnership, California Credit Union will also be able to best leverage the latest technologies to streamline their reporting workflow and partner with a collaborative firm that has seen success on a global scale.

"Technology is the great equalizer. By embracing innovation, we can create a more inclusive and efficient financial system. We look forward to the positive impact this partnership with Black Dragon Capital℠ can create for CFIs and CUSOs," said Steve O'Connell, President & CEO, California Credit Union.

The Black Dragon Capital℠ team's insights on operations, combined with their deep experience in cutting-edge technology puts them in a place to deliver competitive advantages for their portfolio companies and founders. Through intense research on the competitors and markets, they have honed their prowess in identifying scalable solutions and helping founders accelerate growth by cutting through competition.

"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.