Amount, a Chicago, IL-based SaaS platform specializing in digital origination and decisioning for consumer and small business accounts, has secured a $30 million equity investment.
Investors
The round was led by new strategic investor Curql Collective, with participation from existing investors, including Growth Investing at Goldman Sachs, WestCap, Hanaco Ventures, and QED Investors.
Curql Collective is a collaborative network of forward-thinking credit unions investing in innovative fintech. Through its funds, Curql supports entrepreneurs in bringing transformative technology to credit unions, revolutionizing member engagement in the digital age.
Amount Use of Funds
The company will use the funding to enhance its technology further and accelerate expansion within the U.S. credit union market. They also plan to use the new funds to advance its artificial intelligence and machine learning capabilities.
About Amount
Amount is a global digital origination and decisioning SaaS platform powering high-velocity consumer and SMB origination for financial institutions. They helps banks and credit unions drive profitability and achieve a performance advantage with a fully integrated and flexible platform underpinned by enterprise-grade infrastructure and compliance. 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’s clients include financial institutions collectively managing over $3.1 trillion in U.S. assets and serving over 50 million U.S. consumers.
Funding Details
Company: Amount, Inc.
Raised: $30.0M
Round: Equity Round
Funding Date: August 2024
Lead Investors: Curql Collective
Additional Investors: Growth Investing at Goldman Sachs, WestCap, Hanaco Ventures, QED Investors
Company Website: https://www.amount.com/
Software Category: Banking and Financial Solutions
Source: https://www.businesswire.com/news/home/20240815465370/en/