FinTechFunding

Alloy: Raises $40M in Series B Funding

  • 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
Previous article
Argosy Minerals: Delivers 500kg lithium carbonate sample to Japanese customer
Next article
PWNHealth: Receives Growth Investment
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...
FinTech

Hacked DeFi Platform Drift Secures Funds to Repay Customers

Drift plans to relaunch with Tether support after addressing security issues.Highlights: Drift DeFi platform has secured funds after...
FinTech

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...
FinTech

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...