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Overview
Amount provides a SaaS platform for banks and credit unions to modernize digital account opening and loan origination for consumers and small businesses. The platform automates the application process with a fully digital experience and includes decisioning to speed and improve credit decisions. It enables financial institutions to launch new digital products in months, not years, by delivering an all-in-one solution as a service. Unlike traditional on-premise systems, Amount focuses on digital banking and lending workflows, offering a seamless end-to-end experience and built-in credit decisioning to help lenders act faster. The goal is to help financial institutions accelerate digital transformation, expand their digital offerings, and remain competitive with newer fintech players in the digital banking and lending space.
About Amount
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$308M
Headquarters
Chicago, Illinois
Founded
2019
Simplify's Take
What believers are saying
- FIS acquisition integrates Amount into $3.1T asset base for cross-selling.
- AI/ML investments accelerate deployment to FIS's bank and credit union clients.
- POS lending bundles with FIS payments, gaining edge over standalone fintechs.
What critics are saying
- Integration fails, causing client churn to Temenos in 12-24 months.
- Key engineers depart due to FIS cultural clash in 6-12 months.
- Bundled FIS pricing drives defections to Blend Labs in 12-18 months.
What makes Amount unique
- Amount's cloud-native platform unifies account opening, lending, and decisioning for banks.
- Embedded AI simplifies digital experiences across lending, cards, and deposits.
- Processed 150M+ applications for institutions managing $3.1T assets.
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Funding
Total Funding
$308M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Performance Bonus
Company Equity
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↑ 2%2 year growth
↑ 0%FIS today announced it has completed its acquisition of Chicago-based Amount, a leading provider of unified digital banking origination and decisioning experiences for financial institutions of all types and sizes.
Fidelity National Information Services Inc. (FIS) has acquired Amount, a digital banking platform, to enhance its digital account-opening tools and expand its technology offerings. The acquisition will integrate Amount's cloud-native platform, streamlining onboarding for banks and credit unions, and is expected to solidify FIS's Banking Solutions segment. Despite a 14% drop in FIS shares over six months, the acquisition aims to boost FIS's digital capabilities and client portfolios.
Amount raised $81 million later that year in a funding round led by Goldman Sachs, and was valued at $1 billion the following year.
Amount, a service aiding traditional banks in the digital realm, has secured $81 million in funding from Goldman Sachs. The company, which emerged from the startup lending firm Avant in January, aims to bolster legacy fintech players against agile digital competitors. Amount's recent valuation stands at $681 million.
Check Out Its New Look and How Amount, Inc. is Helping Banks and Credit Unions Stay Ahead in a Changing World At Amount, Amount, Inc. is constantly evolving to meet the ever-changing needs of the financial industry.
Amount is Hiring for 5 Jobs on Simplify!
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About Amount
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$308M
Headquarters
Chicago, Illinois
Founded
2019
Amount is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today