Clutch is turning credit unions into FinTechs, and with the successful completion of a Series B funding round is now equipped with $65 million to further transform the way credit unions deliver products and services to the members and communities they serve.

The Series B funding round was led by Alkeon Capital Management with participation from Andreessen Horowitz, TruStage Ventures as well as Peterson Partners.

Clutch is a FinTech company that partners with credit unions to modernize their operations by providing digital solutions that enhance loan origination and deposit account onboarding. Clutch's platform offers seamless, secure experiences for both members and employees, increasing operational efficiency, cross-selling opportunities, and overall customer satisfaction. Since its founding in 2020, Clutch has expanded its suite of services, including digital loan applications and deposit account openings, while helping credit unions grow their portfolios. With over $10 billion in consumer loans funded and deposits raised, Clutch continues to drive innovation in the financial sector.