Ascent Platform Corporation, the leader in financial portability solutions for banks and credit unions, announced today that it has successfully raised $5.3 million in venture funding. The round was led by Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors.

Ascent is the next-generation data platform that provides financial institutions with the tools and data sources required to service their customers. Ascent merges open banking sources with systems-of-record data to create a holistic view of customers and enables institutions to deliver better banking experiences. Ascent can be deployed and connected to existing systems and applications. Ascent currently offers add-on modules that unlock value from loan origination and servicing systems. These highly configurable modules enable institutions to launch bespoke lending products quickly, automate loan monitoring and renewals, and eliminate wasted effort on internal and external audits.