Partnerships, team members and support team all designed to cater to FinTechs serving credit unions
BOCA RATON, Fla., Oct. 24, 2023 /PRNewswire/ — Black Dragon Capital℠, a multi-phased investment firm focused on advanced technologies in high growth segments that strengthen economic stability within communities, has expanded their subsidiary One Dragon Services™ team to focus on addressing the needs of the Credit Union Movement.
Known for its unique operations-led approach to investment that’s led by a team with deep domain expertise as both operators and investors within the industries they focus on, Black Dragon Capital℠ is experienced in creating market-leading companies from the ground up.
One Dragon Services™ is part of the Dragon Performance Group, a subsidiary of the firm which represent a team and set of partnerships aimed at helping early-stage companies launch, manage, and grow faster at a lower cost. It provides Black Dragon Capital℠ with the unique capability to grow their portfolio companies or form new companies when warranted by the investment environment.
By expanding One Dragon Services™, Black Dragon Capital℠ once again confirms their commitment to supporting the credit union movement by making technology investments with the goal of creating positive impact on the operations of these businesses and generate direct positive impact on the communities that they serve.
The expansion includes partnerships with cloud partners, payroll providers, a development team, marketing, new client acquisition and new team members covering accounting, finance, marketing, sales, technology, partnerships and more.
This coincides with the firm’s recent efforts to work with prominent industry names and figures who understand the unique issues that FinTechs face when serving the credit union market: former CEO of BECU and First Tech Credit Union Benson Porter has been appointed as Chair of the newly-launched BDC FinTech CUSO Fund, award-winning credit union veteran and former CEO of Bethpage FCU, Kirk Kordeleski has joined as an Industry Advisor, and the partnership with CU 2.0 that was recently announced.
All these efforts are a clear indication of Black Dragon’s dedication to making a significant investment in building FinTechs that service the unique needs of the credit union market.
“Black Dragon is about deep domain expertise in driving higher returns for our investments in FinTech. The expansion of the One Dragon Services™ group is designed to accentuate our focus on the credit union space, said Benson Porter, Chair of the BDC FinTech Fund. “I’m excited about being able to directly support the credit union and technology that we invest in to make them better.”
About Black Dragon Capital℠
Black Dragon Capital℠
Black Dragon Capital℠ (BDC) is a multi-phased investment firm focused on advanced technologies in high growth segments that strengthen economic stability within communities. The firm was founded and led by a diverse team with a combination of intense operating experience, community impact focus, 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.
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SOURCE Black Dragon Capital