Digital Banking
Amount raises $30M for digital banking solutions
August 23, 2024
Amount, a software-as-a-solution platform provider, raised $30 million, which it will use to invest into its digital banking solutions. Through the fundraising, Curql, a collective of credit unions, joined as a strategic investor, according to a press release.
Amount will also use the funds to improve its AI and machine learning capabilities.
"Amount has long recognized the unique opportunity credit unions have to better serve their members via digital channels for efficient origination of credit products and deposit accounts," Adam Hughes, CEO of Amount, said in the release. "Amount has historically had tremendous success working with larger enterprise banks, and now this funding round positions our company to add tremendous value to thousands of credit unions, strengthening the relationships with their members."
"At Curql, we are committed to identifying and supporting fintech companies that can transform the CU member experience – driving relevancy and competitiveness," Nick Evens, CEO of Curql, said in the release. "Our investment in Amount underscores this commitment. Amount's innovative digital lending and deposit accounts platform is poised to significantly improve lending for credit unions, making the process more efficient, accessible, and member-friendly."
