Black Dragon Capital℠ Forms New FinTech Fund Enabling Credit Unions to Participate and Benefit from Future Technology
The New FinTech Fund leverages the technology and operational experience of recognized industry experts Benson Porterrecognized industry leader, and Louis Hernandez, Jr.award-winning entrepreneur and investor, who will co-chair the new fund.
BOCA RATON, Fla., 23 February 2023 /PRNewswire/ — Multi-phase investment firm Black Dragon Capital℠ (“BDC,” “Black Dragon”) today announced the formation of a new FinTech fund to benefit credit unions. Led by Black Dragon Capital℠ Founder and CEO Louis Hernandez, Jr.and Black Dragon Capital℠ Executive Advisor Benson Porter, this newly created fund is structured to serve the unique needs of credit unions and aims to provide a new vehicle for credit unions to participate in and create opportunities from new, disruptive technologies. Porter and Hernandez will serve as co-chairs of the new fund.
Black Dragon Capital℠ is a high-performance firm focused on advanced technology in high-growth segments that strengthen economic stability in local communities. The diverse team combines intense operational experience, a focus on community impact and a proven track record of successful investing to create results.
The creation of the FinTech Fund is another milestone in BDC’s continued global expansion. The fund reflects the firm’s unique approach by creating an unparalleled platform that will enable members of the credit union industry to identify and leverage emerging technologies. It aims to revive the industry-wide innovation that CUSOs brought to the credit union movement by giving credit unions a new approach that leans into disruptive technologies.
Two prominent names in the credit union and technology industry lead this innovative fund: Louis Hernandez, Jr. and Benson Porter. Both have led successful organizations at the forefront of innovative solutions for credit unions and their members. Hernandez and Porter also have a long-standing professional friendship spanning over two decades that has resulted in several successful projects, including the Open Solutions and First Tech and BECU organizations. Therefore, this new fund will be built on their proven success.
“Benson and I have spent most of our careers championing and participating in the credit union movement. We feel that this operational approach to investing, combined with the social impact will make the credit union movement more competitive and provide higher returns and economic stability to the communities they serve. I couldn’t be more excited about the project and working with Benson!” so Louis Hernandez, Jr. Founder of Black Dragon, and co-chairman of the Fintech Fund.
“While we come from different parts of the industry, we are aligned in our goal to see credit unions succeed in the face of rapidly changing technology and consumer experiences,” said Porter, co-chairman of the FinTech Fund.
About Black Dragon Capital℠
Black Dragon Capital℠ (BDC) is a multi-phase investment company focused on advanced technology in high-growth segments that strengthen economic stability in local communities. The firm was founded and led by a diverse team with a combination of intense operational experience, a focus on community impact and a track record of successful investing. They work closely with entrepreneurs to build market-leading companies using their proprietary Black Dragon Toolkit℠ and focus on high-potential early-stage and mid-market technology companies in growth sectors disrupted by digitization.
Aren Wong
Head of Marketing, Black Dragon Capital
[email protected]
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SOURCE Black Dragon Capital
