Plano Digital Banking Firm Alkami Raises Another $55 Million for Growth

One of Dallas-Fort Worth's fastest growing technology firms has landed another substantial funding round.Plano-based Alkami Technology Inc., a cloud-based digital banking company, announced Monday that it secured $55 million in a funding round led by growth firms General Atlantic and MissionOG. Existing investors S3 Ventures and Argonaut Private Equity also participated.Alkami's digital banking platform is used by by more than 6 million registered users and 130 financial institutions. Since its founding in 2009, Alkami has raised over $225 million in capital."Alkami continues to experience incredible growth as a leader in the large and growing digital banking market," said General Atlantic vice president Raph Osnoss in a statement. "We believe Alkami will continue to drive the industry forward with new innovations in user experience, product features, platform architecture, and data security." Alkami ranked 284th on last year's Inc. 5000 list, with three-year revenue growth of 1,724%. Its 2017 revenue was $26.8 million. It had about 400 employees at the beginning of 2019, with plans to add 100 more jobs.  Continue reading...

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