Amount Secures $30 Million in Latest Funding Round

Amount, a Chicago-based SaaS platform specialising in digital origination and decisioning, has raised $30 million in a recent equity funding round. The round included contributions from existing investors such as Hanaco Ventures, Goldman Sachs Growth, WestCap, and QED Investors. New investor Curql, a coalition of credit unions, also participated.

Founded in 2020, Amount’s platform supports consumer and small business deposit account openings and loan origination for banks and credit unions. The company claims that its technology enhances customer acquisition, funnel performance, and risk analytics, enabling financial institutions to introduce new offerings quickly.

With clients managing over $3.1 trillion in assets and serving more than 50 million customers, Amount plans to use the new funds to enhance its AI and machine learning capabilities and expand further into the credit union market.