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ALLOY ANNOUNCES $52 MILLION IN ADDITIONAL SERIES C

Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation.

Lightspeed Venture Partners and Avenir Growth led the funding with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures.

Over 300 companies use Alloy’s API-based platform to connect to more than 160 data sources, automate identity decisions during account origination, and monitor them on an ongoing basis.

The firm will use the funding for a global expansion taking in 40 countries across North America, Emea, Latin America, and Asia Pacific.

Alloy Announces $52 Million In Additional Series C.Congratulations to the entire team. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

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