Innovation

Financial tech provider Amount secures $100M in funding round

Image via iStock.com

May 28, 2021

Amount, a technology provider for financial institutions, has closed a series of funding for nearly $100 million. With this round, Amount now has a post-money valuation of more than $1 billion, according to a press release.

Amount uses verification and analytics to help banks and financial institutions upgrade their digital banking experience. Most recently, Amount powered Barclays US Consumer Bank's installment point-of-sale options.

"The additional capital clearly demonstrates the value our investors see in Amount's ability to accelerate digital transformation in the banking and e-commerce industries through our robust retail banking suite and buy now, pay later platforms," Adam Hughes, CEO of Amount, said in the release. "We're thrilled with the confidence that blue chip investors continue to have in our momentum and are excited to join the other Chicago tech unicorns who are helping make our city a hub for technological innovation and progress."