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Amount partners with Curql for $30M investment in digital lending solutions for credit unions and banks

Aug 15, 2024•almost 2 years ago

Contract Type

partnership

ChicagoInformation TechnologyFinancial Services

Description

Amount announced a successful $30 million equity capital raise to further invest in its technology and accelerate its progress in the credit union sector. The investment from Curql aligns with Amount’s strategy to expand into the U.S. credit union market, while also enhancing its artificial intelligence and machine learning capabilities. Additionally, Amount strengthened its partnership with Velera to provide digital credit card origination solutions for its clients.

Company Information

Company

Amount

Location

222 N LASALLE ST STE 1700

Chicago, Illinois, United States

About

Amount helps financial institutions make banking simpler, safer and more convenient with a full suite of end-to-end omnichannel consumer, small business and BNPL solutions. Developed by lending industry experts, Amount’s fully integrated and flexible platform is underpinned by enterprise bank-grade infrastructure and compliance, enabling banks to securely power new and differentiated offerings within months — not years. With Amount, banks can optimize performance across product categories while tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk analytics. Amount clients include financial institutions collectively managing just over $3.1T in US assets and servicing more than 50 million U.S. customers. Visit www.amount.com for more information.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months