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Venture Capital News: Amount Pulls In $30M

2024-08-15
CHICAGO, IL, Amount today announced the successful close of a $30 million equity capital raise.
Amount, a digital origination and decisioning SaaS platform powering consumer and small business deposit account opening and loan origination, today announced the successful close of a $30 million equity capital raise. The company will use the funds to further invest in its world-class technology and accelerate its progress in the credit union sector, building on Amount's successful track record of helping financial institutions simplify and streamline their business processes.

Amount welcomes Curql, a collective of credit unions jointly investing in fintech, as a new strategic investor. The investment from Curql aligns with Amount's strategy to further expand into the U.S. credit union market. Existing investors, including Growth Investing at Goldman Sachs, WestCap, Hanaco Ventures, and QED Investors also participated in the round. Amount also plans to use the new funding to enhance its current artificial intelligence and machine learning capabilities.

Amount is a global digital origination and decisioning SaaS platform powering high-velocity consumer and SMB origination for financial institutions. Developed by lending industry experts, Amount helps banks and credit unions drive profitability and achieve a performance advantage with a fully integrated and flexible platform underpinned by enterprise bank-grade infrastructure and compliance - enabling financial institutions to deliver new and differentiated offerings within months, not years. With Amount, banks and credit unions 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. consumers.
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