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
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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.

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