Amount secures $30M for expansion plans
Amount, a Chicago-based digital origination and decisioning SaaS platform provider, secured $30M in equity funding.
The funding round was led by Curql and included participation from Goldman Sachs, WestCap, Hanaco, and QED Investors. These funds will be used to enhance Amount's technology, particularly in artificial intelligence and machine learning, and to advance its presence in the credit union sector.
With the new capital, Amount aims to strengthen its digital credit card origination solutions and optimize performance across various product categories for its financial institution clients.
Amount, led by CEO Adam Hughes, partners with financial giants like Fifth Third Bank and Mastercard, serving over 50 million U.S. consumers. Last year, it teamed up with Velera to enhance digital lending capabilities.