Amount
Founded Year
2014Stage
Series E | AliveTotal Raised
$253.2MLast Raised
$30M | 7 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+89 points in the past 30 days
About Amount
Amount specializes in digital origination and decisioning within the financial technology sector. The company offers a platform that facilitates account origination for lenders, integrating decisioning for credit, fraud, and compliance, as well as customer journeys to support the lending process. Amount primarily serves regional and community banks, large commercial banks, and credit unions, providing them with tools for their operations. It was founded in 2014 and is based in Chicago, Illinois.
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ESPs containing Amount
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The lending APIs & infrastructure market provides end-to-end solutions for lending operations, including loan management systems, risk management tools, and compliance management capabilities. The market for lending APIs and infrastructure is driven by factors such as increasing demand for digital lending platforms, the need for improved efficiency and automation in lending operations, and the gro…
Amount named as Challenger among 15 other companies, including Mambu, Plaid, and Q2.
Amount's Products & Differentiators
Retail Banking
Amount empowers financial institutions to rapidly and securely create high-value digital solutions so customers can bank when, where and how they want. Amount’s fully integrated and flexible platform is underpinned by enterprise bank-grade infrastructure and compliance, ensuring safe and reliable banking experiences across e-commerce and brick-and-mortar channels. Amount technology delivers: Ø White-label application to tailor and optimize cross-channel consumer experiences. Ø API toolkit that enables seamless integrations to originate and manage loans. Ø Proprietary decisioning engine and fraud prevention framework that delivers instant customer approvals and greater conversions without increasing overall risk. Ø Flexible reporting and analytics tools Ø Solutions that work and thrive with existing infrastructure
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Research containing Amount
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Amount in 6 CB Insights research briefs, most recently on Aug 23, 2024.
Aug 23, 2024
The B2B payments tech market map
May 8, 2024
The embedded banking & payments market map
Jan 4, 2024
The core banking automation market map
Mar 30, 2022
140+ startups shaping the digital lending spaceExpert Collections containing Amount
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Amount is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,261 items
Digital Lending
2,728 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
1,030 items
The open banking ecosystem is facilitated by three main categories of startups including those focused on banking-as-a-service, core banking, and open banking startups (i.e. data aggregators, 3rd party providers). These are primarily B2B companies, though some are also B2C.
Fintech 100
499 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Amount Patents
Amount has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/14/2015 | 9/13/2016 | GPS navigation devices, Videotelephony, Mobile computers, Windows administration, Personal computers | Grant |
Application Date | 10/14/2015 |
|---|---|
Grant Date | 9/13/2016 |
Title | |
Related Topics | GPS navigation devices, Videotelephony, Mobile computers, Windows administration, Personal computers |
Status | Grant |
Latest Amount News
Jan 3, 2025
Apple Settles $95 Million Lawsuit Over Siri Privacy Violations: Here's The Amount Affected Users Will Receive Make a Comment Apple Inc. AAPL has agreed to pay $95 million to settle a lawsuit alleging its Siri voice assistant recorded users’ private conversations without consent, according to court documents filed Tuesday at the U.S. District Court for the Northern District of California. What Happened: The preliminary settlement could benefit millions of U.S. consumers who owned Apple devices between September 2014 and December 2024, Reuters reported. Eligible users can receive up to $20 per Siri-enabled device, with a limit of five claims per person. Approved claimants should receive payments within 60 days of filing. The lawsuit stemmed from user complaints that Siri would accidentally activate and record private conversations, which allegedly resulted in targeted advertising. Users claimed Apple shared these recordings with third-party companies, though Apple has denied these privacy violation allegations. Why It Matters: As part of the settlement, Apple must delete any unauthorized recordings made before October 2019 within six months of the agreement’s effective date. The company will also revise its user guidance about the “Improve Siri” option to clarify what information may be stored. In late 2023, Google settled a similar lawsuit for $700 million over unauthorized recordings by its voice assistant . The court has scheduled the next hearing for Feb. 14 in Oakland to finalize the settlement terms. Price Action: Apple’s stock closed at $243.85 on Thursday, down 2.62% for the day. In after-hours trading, the stock rose 0.057%. Over the past year, Apple has seen a significant increase, rising by 31.36%, according to data from Benzinga Pro . Read Next: Image Via Shutterstock Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Amount Frequently Asked Questions (FAQ)
When was Amount founded?
Amount was founded in 2014.
Where is Amount's headquarters?
Amount's headquarters is located at 222 North LaSalle Street, Chicago.
What is Amount's latest funding round?
Amount's latest funding round is Series E.
How much did Amount raise?
Amount raised a total of $253.2M.
Who are the investors of Amount?
Investors of Amount include Hanaco Ventures, Goldman Sachs, WestCap, QED Investors, Curql and 11 more.
Who are Amount's competitors?
Competitors of Amount include Dinie, equipifi, MoneyView, Lendflow, VeendHQ and 7 more.
What products does Amount offer?
Amount's products include Retail Banking and 1 more.
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Compare Amount to Competitors
Klarna is a financial technology company that provides payment solutions and shopping services. The company offers price comparison, installment payments, and consumer financing for online shopping. Klarna serves the ecommerce industry, providing services to both consumers and retailers. It was founded in 2005 and is based in Stockholm, Sweden.
Best Egg operates as a consumer financial technology platform in the fintech sector. The company offers a digital financial platform that provides personal loans, credit cards, and financial health resources to help individuals manage their everyday finances. It primarily serves the personal finance management sector. Best Egg was formerly known as Marlette Holdings. It was founded in 2014 and is based in Wilmington, Delaware.
Conductiv is a technology company focusing on lending operations within the financial services sector. The company offers a platform for digital data collection, lending guidance based on AI, and loan approvals to facilitate the lending process. Conductiv serves banks and credit unions, to address manual work, fraud, and lending times. It was founded in 2019 and is based in Long Island City, New York.
Jifiti provides embedded lending solutions within the financial services sector. The company has a platform that allows banks, lenders, and merchants to offer consumer and business financing options at points of sale, including online, in-store, and via call centers. Jifiti's platform includes financing options such as installment loans, lines of credit, split payments, and Buy Now, Pay Later services for B2C and B2B customers. It was founded in 2011 and is based in Columbus, Ohio.
Zirtue is a company that operates in the financial technology sector, focusing on relationship-based lending. It provides a platform for individuals to lend and borrow money from friends and family, facilitating loan requests and automated repayments, while offering a framework for managing personal loans. Zirtue serves the personal finance sector by allowing lending without traditional banks or predatory lenders. It was founded in 2018 and is based in Dallas, Texas.
Achieve offers digital financial solutions. Its services include home equity loans, personal loans and debt resolution, and financial education. It caters to individuals and families. Achieve was formerly known as Freedom Financial Network. It was founded in 2002 and is based in Tempe, Arizona.
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