Alkami Technology, Inc., a Plano, TX-based provider of cloud-based digital banking solutions to banks and credit unions in the U.S., held the initial closing of a $55m Series E funding round.
The round was led by General Atlantic alongside MissionOG, with participation from existing investors S3 Ventures and Argonaut Private Equity.
The company intends to use the funds to expand operations and its business reach.
Led by Mike Hansen, CEO, Alkami is a cloud-based digital banking platform used by more than 130 financial institutions across the United States to deliver innovative new features to personalize the digital banking experience for their consumers and businesses and build an engaged digital community in a digital-first banking world.
Since its inception, Alkami has raised over $225m in capital, including the Series E funding round.