Amount, a formal spin-off from Avant, is a fintech startup that helps traditional banks compete in a digital world.
Amount delivers the technology financial institutions need to create and enhance the digital consumer experience.
Amount was formed in 2019 and is headquartered in Chicago, Illinois.
Amount helps partners go digital in months—not years—with omnichannel retail banking experiences and a robust point-of-sale financing product suite underpinned by platform features including fraud prevention, verification, decisioning engines and account management.
Amount partners can optimize performance across product categories by tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk analytics.
Amount clients include financial institutions collectively managing nearly $2T in US assets and servicing more than 50 million U.S. customers. Some of its clients include Banco Popular, HSBC, Regions Bank and TD Bank.
Amount is backed by Goldman Sachs, WestCap, Hanaco Ventures, August Capital, Invus Opportunities, Barclays Principal Investments and others. The company raised $100M in Series D round on May 18, 2021. This brings Amount's total funding to $239M to date. The latest round valued the company at $1B post-money.