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Eltropy: Raises $21M in Funding

Eltropy: Raises $21M in Funding

  • Eltropy, a Milpitas CA-based provider of a digital communication suite for financial institutions, raised $21M in funding
  • The round was led by K1 Investment Management
  • The company intends to use the funds to more than double its headcount and further invest in its all-in-one communication suite
  • The company is a messaging-based platform focused on driving operational efficiency for financial institutions
  • The solution enables credit unions, banks and other financial institutions to communicate with their customers via text message combining speed
  • The company currently serves over 200 financial institutions, including Patelco Credit Union, SELCO Community Credit Union and Wescom Credit Union

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