Alkami Technology, Inc., a Plano, Texas-based cloud-based digital banking solutions provider for banks and credit unions, held the initial closing of a $140m funding round.
D1 Capital Partners was the lead investor in the financing, alongside Fidelity Management & Research Company, LLC., Franklin Templeton, and Stockbridge Investors.
Led by Mike Hansen, CEO, Alkami Technology is a cloud-based digital banking solutions provider for financial institutions in the U.S. that enables clients to grow, adapt and build digital communities. Alkami is used by over 160 financial institutions, representing nearly 10 million consumers and businesses.
This news follows several major growth milestones. In September, the adoption of the Alkami digital banking platform reached nearly 10 million digital users under contract. Additionally, in September, the company crossed over $130 million of Annual Recurring Revenue under contract by adding its 165th client to its digital banking platform.