Amount's $30M Investment to Revolutionize Digital Lending for Credit Unions
Summary
Credit unions have long faced challenges in deploying digital lending capabilities that match the efficiency and accessibility of larger banks. With a fresh $30 million in equity funding, Amount is set to expand its digital origination and decisioning platform, specifically targeting credit unions seeking to enhance lending and better serve their members.By leveraging Amounts technology, credit unions can simplify their consumer and SMB digital lending processes, making it easier for members to open deposit accounts and secure loans. Our platform integrates seamlessly with a financial institutions existing banking architecture, offering a modern solution for organizations of all sizes to rapidly innovate and bring new products to market more quickly. With Curqls backing, Amount is in a prime position to make a significant impact on the credit union market, helping these institutions enhance their digital lending capabilities.Amounts successful track record with larger banks and its established partnership with Velera (formerly PSCU) are also critical to its expansion plans. Were excited about the future and assisting credit unions with their mission of providing exquisite service to their members, while equipping them with the tools they need to thrive in an increasingly competitive environment.