FinTech Universe – Goldman Sachs invests in US technology provider Amount

FinTech Amount raises $81 mio with Goldman Sachs
Spread financial intelligence

Disclaimer: the FinTelegram “Headline News” format curates news about financial markets, investors, and investor protection. The “Headline News” articles do not contain extensive research but either provide short updates on relevant subjects, organizations, and individuals or refer to 3rd-party findings and opinions.

The Chicago-based FinTech Amount with the prominent domains www.amount.com claims to be a leading technology provider for financial institutions. Evidently rightfully so. The company announced it has secured an $81 million Series C investment led by Goldman Sachs Growth with participation from existing investors including August Capital, Invus Opportunities, and Hanaco Ventures.

Amount enables banks to navigate digital transformation through its modular and mobile-first platform for financial products. We’re excited to partner with the team as they take on this compelling market opportunity.

Jade Mandel, VP Goldman Sachs’ growth equity platform GS Growth

This finance round brings Amount‘s total capital raised in 2020 to nearly $140M, which will provide for additional investments in platform research and development while accelerating the company’s go-to-market strategy.

Since February 2020, the company’s CEO is Adam Hughes (LinkedIn profile) who presents himself understandably excited about the funding. Until September 2018, Amount used to be a division of the lending platform Avant (www.avant.com) founded by Al Goldstein (LinkedIn profile), a former investment banker and experienced entrepreneur. In February 2020, Avant announced the completion of the Amount spin-off.

Source: Amount press release


Leave a Reply

Your email address will not be published. Required fields are marked *