- Alloy, a NYC-based identity operating system for the financial services industry, raised $40m in Series B funding
- The round was led by Canapi Ventures with participation from Felicis Ventures and Avid Ventures
- In conjunction with the funding, Canapi Ventures partner Walker Forehand will join Alloy’s board of directors
- The company intends to use the funds to scale its sales and marketing business units
- Alloy helps banks and fintechs make identity and risk decisions using a single API service and SaaS platform
- The company currently services over 90 customers including Ally Bank, Evolve Bank & Trust, and Brex
