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Ascent Platform Corporation raised $5.3M in funding led by Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors to expand operations and business reach.

Mar 19, 2024over 1 year ago

Amount Raised

$5.3 Million

New YorkSoftware

Investors

Reseda GroupAlloy LabsTru Stage Ventures Discovery FundFoundation Capital

Description

Ascent Platform Corporation, a NYC-based provider of financial portability solutions for banks and credit unions, raised $5.3M in funding. The round was led by Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors. The company intends to use the funds to expand operations and its business reach.

Company Information

Company

Ascent ascent.io

Location

New York, New York, United States

About

Ascent Platform Corporation is a provider of financial portability solutions for banks and credit unions, based in NYC. The company offers a data platform that merges open banking sources with data to create a holistic view of customers and enables institutions to deliver banking experiences.

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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