# Alkami Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alkami-technology

- Industry: Financial Services
- Headquarters: Plano, US
- Website: www.alkami.com
- Total disclosed funding: $273M
- Latest round: Series F (Sep 24, 2020)
- Investors on record: 9

## About

Based in Texas, US, and founded in 2009, Alkami Technology Inc. provides integrated modern banking solutions for banks and credit unions. The company was co-founded by Gary Nelson, Sean McElroy, and Stephen Bohanon and as of March 2021, Alkami Technology has approximately 600 employees. In 2020, the company raised funding from D1 Capital Partners, Fidelity Investments, Franklin Templeton, and Stockbridge Investors. In April 2021, Alkami Technology raised USD 180 million in an IPO, selling 6 million shares at USD 30 per share on the Nasdaq.

The company works with financial institutions, such as banks and credit unions, by offering digital retail and business banking solutions. The Alkami platform offers personalized user onboarding, engagement, and account service solutions. The platform allows users to access retail banking services such as checking account balances, bank transfers, and payment of bills online. The company’s business banking solutions include wireless payments, automated billing, user activity tracker, and generate data-driven insights.

Alkami Technology Inc. generates revenue by selling the digital banking platform to financial institutions. In 2020, the company earned USD 112.14 million.

In 2020, Alkami Technology Inc plans to list on The Nasdaq Global Select Market under the symbol “ALKT.”

## Funding rounds

- Series F, Sep 24, 2020, $140M — Fidelity Investments, Franklin Templeton, D1 Capital Partners, Stockbridge Investors
- Series E, May 23, 2019, $18M — General Atlantic, S3 Ventures, MissionOG, Argonaut Private Equity
- Series D, Dec 26, 2017, $40M — General Atlantic, S3 Ventures, Argonaut Private Equity
- Series C, Mar 10, 2017, $60M — S3 Ventures, Wild Basin Investments, Argonaut Private Equity
- Series B, Feb 20, 2014, $14M — S3 Ventures
- Series A, Dec 11, 2012, $1M — S3 Ventures

## Investors

- S3 Ventures (https://capitalatlas.ai/funds/s3-ventures) — Series A, Series B, Series C, Series D, Series E
- Wild Basin Investments (https://capitalatlas.ai/funds/wild-basin-investments) — Series C
- Argonaut Private Equity (https://capitalatlas.ai/funds/argonaut-private-equity) — Series C, Series D, Series E
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series D, Series E
- MissionOG (https://capitalatlas.ai/funds/missionog) — Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series F
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series F
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series F
- Stockbridge Investors (https://capitalatlas.ai/funds/stockbridge-investors) — Series F