Amount, a Chicago, IL-based technology provider for financial institutions, secured an $81m Series C funding round.
The round was led by Goldman Sachs Growth with participation from existing investors including August Capital, Invus Opportunities and Hanaco Ventures. In conjunction with the funding, Jade Mandel, a Vice President in Goldman Sachs’ growth equity platform, GS Growth, will be joining the Board of Directors at Amount.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Adam Hughes, CEO, Amount delivers omnichannel retail banking experiences and a point-of-sale financing product suite alongside platform features like fraud prevention, verification, decisioning engines, and account management to enhance its partners’ existing products and services
Financial institutions including Banco Popular, HSBC, Regions Bank and TD Bank use the company’s solution.
Amount delivers the technology financial institutions need to create and enhance the digital consumer experience. Built by lending industry veterans, Amount helps partners go digital in months—not years—with omnichannel retail banking experiences and a robust point-of-sale financing product suite underpinned by platform features including fraud prevention, verification, decisioning engines and account management. Amount partners can optimize performance across product categories by tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk analytics. Amount clients include financial institutions collectively managing nearly $2T in US assets and servicing more than 50 million U.S. customers. Visit for more information.
FinSMEs
03/12/2020