Amount
Latest round
- Series E
Last raised
- Jul 2024
Total raised
- $263M
Investors
- 10
About Amount
Based in the US, Amount Inc.Amount Inc. specializes in providing a unified platform that simplifies digital lending and account opening for financial institutions. Founded in 2020 and headquartered in Chicago, US, the company has completed 6 deals, with its most recent deal occurring on July 31, 2024.Amount offers a comprehensive unified platform specifically designed to streamline digital lending and account opening processes for banks and credit unions. The core product suite includes tools that enable financial institutions to effectively assess and manage risks, prevent fraud, and maintain compliance with regulatory standards. The platform is tailored for both consumer and small business accounts, enhancing the user experience by facilitating intuitive account opening and loan origination. Target customers include banks and credit unions across various geographical markets, including North America and select regions in Europe, with a focus on delivering seamless, personalized services to meet the unique needs of their members and clients.The revenue structure of Amount is primarily driven by its subscription-based model, which involves partnerships with financial institutions that leverage its platform for digital lending and account services. Clients typically engage on a contractual basis, paying for access to the platform’s capabilities, which include risk assessment tools, fraud prevention measures, and compliance management services. These contractual agreements may involve tiered pricing based on the volume of transactions processed or the range of services utilized, ensuring scalability and adaptability to each client’s needs. While specific pricing plans for individual services are not disclosed, the revenue is generated from ongoing partnerships that reflect the value provided to banks and credit unions through enhanced operational efficiencies and improved customer experiences.In July 2024, Amount, Inc. Amount plans to develop new products that enhance user experience and expand into additional markets, focusing on deepening its presence in Europe and exploring opportunities in Asia by the end of 2025.
Who invested in Amount
10 investors across 4 rounds
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Questions about Amount
Who invested in Amount?
Amount has 10 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Amount raised?
Amount has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Amount last raise money?
Amount's most recent round on record is a Series E, in Jul 2024.
What does Amount do?
Amount is a software company.
Where is Amount headquartered?
Amount is headquartered in Chicago, US.
Which VCs invest in companies like Amount?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Amount's stage. Their profiles are linked below.
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