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
