Alkami Technology, Inc., a Plano, Texas-based provider of digital banking solutions to credit unions and banks, received a strategic investment of undisclosed amount.
General Atlantic and MissionOG will be joining existing investors S3 Ventures, Argonaut Private Equity, and a number of other strategic fintech investors. As a part of the strategic investment, Raph Osnoss, Vice President of General Atlantic, and Gene Lockhart, a Special Advisor of General Atlantic, previously President and CEO of MasterCard Worldwide and President of the Global Retail Bank at Bank of America, will join Alkami Technology’s board of directors.
Lockhart is also Chairman and Managing Partner of MissionOG.
The company intends to use the funds for the next stage of innovation, growth, and expansion.
Led by Mike Hansen, CEO, Alkami provides a unified digital banking platform that enables the clients of banks and credit unions to experience functionality across all their digital devices. The multi-tenant, cloud-based platform includes retail and business banking, mobile banking, bill pay, personal finance management (PFM), Person-to-Person payments, marketing, etc. The platform is delivered with a software development kit (SDK) and API set that provides each financial institution with flexibility and control. Alkami-enabled banks and credit unions can build their own apps and product extensions as well as integrate new features and functions for all lines of business, allowing them to better serve their customers in an increasingly competitive market.
The company currently serves more than 4.5 million digital banking users across their client base of banks and credit unions in the U.S.