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Amount raised $30 million in equity funding led by Curql to enhance digital lending solutions for credit unions and banks.

RECENTLY ACQUIREDAug 15, 2024almost 2 years ago

Amount Raised

$30 Million

ChicagoInformation TechnologyFinancial Services

Investors

Qed InvestorsHanaco VenturesWest CapGrowth Investing At Goldman SachsCurql

Description

Amount successfully closed a $30 million equity capital raise to invest in its technology and expand its presence in the credit union market. The funding will also boost its AI and machine learning capabilities.

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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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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