- Funding Round: Amount, a digital origination and decisioning SaaS platform, raised $30 million in its latest equity funding round.
- Investors: The round included participation from existing investors such as Hanaco Ventures, Goldman Sachs, WestCap, and QED Investors. Curql, a coalition of credit unions, joined as a new investor.
- Company Background: Founded in 2020 and headquartered in Chicago, Illinois, Amount’s SaaS platform supports consumer and small business deposit account opening and loan origination for banks and credit unions.
- Client Base: Amount’s clients manage over $3.1 trillion in assets and serve more than 50 million customers across the US. Notable clients include Velera (formerly PSCU) in Florida.
- Use of Funds: The newly raised funds will be used to enhance Amount’s artificial intelligence and machine learning capabilities and to expand further into the credit union market.
US fintech Amount lands $30m in fresh funding to advance AI capabilities
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