FT Partners Advises Amount on its Series C Financing
Overview of Transaction
- On December 2, 2020, Amount announced it has raised $81 million in Series C financing led by Goldman Sachs Growth with participation from existing investors including August Capital, Invus Opportunities and Hanaco Ventures
- Amount delivers technology solutions for financial institutions to create and enhance their digital consumer experiences
- Solutions include omnichannel retail banking and a robust point-of-sale financing product suite alongside platform features like fraud prevention, verification, decisioning engines, and account management to enhance its clients' existing products and services
- Leading financial institutions including Banco Popular, HSBC, Regions Bank and TD Bank partner with Amount to drive growth and simplify their transition to digital financial services
- Amount’s clients collectively manage nearly $2 trillion in US assets and service more than 50 million US customers
Significance of Transaction
- The latest round brings Amount's total capital raised in 2020 to nearly $140 million and follows its Series B round, led by QED Investors, from earlier this year
- The new funding will allow for further investments in platform research and development, as well as for accelerating the Company's go-to-market strategy
FT Partners' Role
- FT Partners served as exclusive financial and strategic advisor to Amount
- This transaction underscores FT Partners’ expertise across the Banking Tech landscape and highlights its position as the “Advisor of Choice” to leading FinTech companies