Conexus Backs Judi.ai to Automate Small-Business Lending

The investment comes from CVC's Fund 2, a $30 million portfolio focused on Canadian early-stage companies. McFarlen said the fund typically writes checks between $500,000 and $3 million. The round also included Unitus Community Credit Union in Oregon and several returning investors from Judi's earlier rounds. Both CVC and Unitus had already used Judi's software before investing.

Judi CEO Gord Baizley said the investor participation signals that credit unions are betting on AI to reshape cooperative lending. He described a vision of a larger, more integrated cooperative financial market where technology bridges gaps in service.