Alkami Technology provides a cloud-based digital banking platform for banks and credit unions in the U.S., enabling clients to grow, adapt and build digital communities. Led by CEO Mike Hansen, Alkami serves over 160 financial institutions and represents nearly 10 million consumers and businesses. The company reported adoption of nearly 10 million digital users under contract in September and crossed over $130 million of Annual Recurring Revenue under contract after adding its 165th client. Alkami’s platform is used to deliver digital banking services and support client growth and engagement. The company held an initial closing of a major funding round to support continued expansion and product deployment. Alkami Technology provides a cloud-based digital banking platform for banks and credit unions across the United States. The platform enables financial institutions to deliver personalized digital banking features for consumers and businesses and to build an engaged digital community. Alkami is led by CEO Mike Hansen and is used by more than 130 financial institutions. The company plans to use newly raised funds to expand operations and broaden its business reach. Since inception, Alkami has raised over $225m in capital, including the Series E round. The business focuses on supporting a digital-first banking experience for its customers. Alkami Technology is a Plano, Texas-based provider of a unified, multi-tenant cloud-based digital banking platform for banks and credit unions. The platform includes retail and business banking, mobile banking, bill pay, personal finance management, person-to-person payments, marketing, and is delivered with an SDK and API set. Alkami-enabled institutions can build their own apps and product extensions and integrate new features across all lines of business. Led by CEO Mike Hansen, the company serves more than 4.5 million digital banking users across its U.S. client base. Alkami intends to use the strategic investment to fund the next stage of innovation, growth, and expansion. The company is backed by investors including S3 Ventures and Argonaut Private Equity.

Total raised

$195M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2020