Amount, a Chicago-based provider of a digital origination and decisioning SaaS platform, has raised $30 million in equity funding. The round was led by Curql with participation from Goldman Sachs, WestCap, Hanaco, and QED Investors.
Focus on Technology and Credit Union Sector
The funds will be used to further develop Amount’s technology and accelerate its expansion in the credit union sector. The company plans to enhance its artificial intelligence and machine learning capabilities, reinforcing its commitment to providing cutting-edge solutions for financial institutions.
Driving Profitability for Financial Institutions
Led by CEO Adam Hughes, Amount offers a global digital origination and decisioning platform designed to drive high-velocity consumer and SMB origination for banks and credit unions. The platform integrates enterprise bank-grade infrastructure and compliance, allowing financial institutions to optimize performance across various product categories. Services include customer acquisition, performance assessments, and risk analytics.
Strategic Partnerships and Client Base
Amount’s clients include financial institutions managing over $3.1 trillion in U.S. assets, serving more than 50 million U.S. consumers. The company has established significant partnerships, including with Fifth Third Bank and Mastercard. In 2022, Amount partnered with Velera (formerly PSCU), the largest credit union service organization in the U.S., to provide digital credit card origination solutions. The partnership was strengthened earlier this year with the launch of Velera’s new digital lending suite, Origination Solutions.
