Alkami Technology, Inc. (Alkami), a cloud-based digital banking solutions provider for banks and credit unions, announced on Tuesday it secured $140 million through its latest investment round, which was led by D1 Capital Partners.
As previously reported, Alkami was founded in 2009 and provides a modern and unified digital banking platform that enables clients of banks and credit unions to experience “seamless” functionality across all digital devices. It also includes retail and business banking, mobile banking, bill pay, personal finance management (PFM), person-to-person payments, and marketing.
The latest investment round comes just a little over a year after Alkami raised $55 million through its Series E round. The company recently experienced several growth milestones, including crossing more than $130 million of Annual Recurring Revenue under contract by adding its 165th client. Speaking about the investment round, Mike Hansen, CEO of Alkami, stated:
“We are proud to add world class crossover investors to our strong existing investor base, supporting Alkami’s mission. We inspire and power the digital strategies of financial institutions as they seek to grow confidently and build thriving digital communities.”
Daniel Sundheim, Founder of D1 Capital Partners, then added:
“Our mission at D1 is to back the world’s best companies and management teams. Based upon our deep research, we believe that Alkami is a clear industry leader in the digital banking space that has earned the trust of hundreds of financial institutions and millions of users. We have been impressed by the company’s uncompromising focus and bold investments and expect its innovation and leadership to continue.”