Amount, a Chicago, IL-based provider of a digital origination and decisioning SaaS platform, raised $30M in equity funding.
The round was led by Curql with participation from Goldman Sachs, WestCap, Hanaco, and QED Investors.
The company intends to use the funds to further invest in its technology and accelerate its progress in the credit union sector, to enhance its current artificial intelligence and machine learning capabilities.
Led by CEO Adam Hughes, Amount is a global digital origination and decisioning SaaS platform powering high-velocity consumer and SMB origination for financial institutions. Developed by experts, it helps banks and credit unions drive profitability and achieve a performance advantage with an integrated platform which leverages enterprise bank-grade infrastructure and compliance. With it, 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.
As a partner to banks like Fifth Third Bank, as well as major card networks such as Mastercard, in 2022, Amount announced a partnership with the largest credit union service organization in the country, Velera (formerly PSCU), to provide digital credit card origination solutions for its clients. Earlier this year, the company strengthened its partnership with Velera when the latter announced the launch of its new digital lending suite, Origination Solutions.
FinSMEs
15/08/2024