Amount Acquisition, Valuation, Funding & Investors
Amount was acquired by Fidelity Information Services in September 2025.
Cumulative funding Amount raised
$313M
across 5 funding rounds
Key investors in Amount
Hanaco Venture Capital
Westcap
Goldman Sachs
QED Investors
Invus
Barclays
August Capital
Goldman Sachs Growth Equity
About Amount
Amount is a Chicago-headquartered fintech company enabling digital banking transformations for financial institutions. The firm provides white-label platforms for deposits, lending, payments, and credit cards, powering apps for banks managing nearly one trillion dollars in U.S. assets. Amount partners with institutions like Wintrust Financial and Capital One to deploy account opening, loan origination, and analytics tools. Founded in 2020 by ex-Citadel executives, the company processes billions in transactions annually through cloud-native infrastructure.
Founded
2019
HQ
Chicago, ILWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (May 2021)
Amount Acquisition
Amount was acquired by Fidelity Information Services for an undisclosed price on 24 September 2025.
Before the acquisition Amount had raised $313M across 5 funding rounds.
FIS completed its acquisition of Amount, a Chicago-based fintech provider of unified digital banking origination and decisioning software, in September 2025. Amount delivers cloud-native, AI-embedded solutions for deposits, lending, and card origination to financial institutions of all sizes and small and midsize businesses. The deal terms were not disclosed. Amount was originally spun out from online lender Avant in January 2020, raised $81 million in a 2020 funding round led by Goldman Sachs at a $1 billion valuation, and had 158 employees at the time of acquisition. FIS integrated Amount's platform into its Banking Solutions business to strengthen its account origination capabilities and support digital transformation for its financial institution clients. The acquisition aligns with FIS's broader strategy to add innovative, modular, cloud-native solutions across the money lifecycle, complementing its existing core banking, digital, and card systems to help clients grow deposits, loans, and card portfolios more efficiently.
| Acquirer | Date | Type |
|---|---|---|
| 24 Sep 2025 | Strategic M&A |
Amount Valuation
Amount is currently valued at $1B, based on its Series D in May 2021.
The $99M round was led by Westcap, with participation from Invus, Hanaco Venture Capital, Goldman Sachs, Barclays and 50 South Capital.
Amount's valuation has grown 1.7x from $600M at its Series C in December 2020 to $1B in May 2021, across 2 priced rounds.
Amount valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series D | $1B |
| Dec 2020 | Series C | $600M |
Amount Funding History
Amount has raised a total of $313M across 5 funding rounds.
Amount's first fundraising round was a $58M Series B in March 2020. The most recent completed round was a $30M undisclosed-stage round in August 2024.
Amount funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2024 | Undisclosed stage | Curql (lead); QED Investors; Hanaco Venture Capital; Goldman Sachs; Westcap | $30M | - | Amount, Inc. is a Chicago-based SaaS platform specializing in digital origination and decisioning for consumer and small business deposit account opening and loan origination, targeting banks and credit unions. On August 15, 2024, Amount closed a $30 million equity funding round led by Curql Collective, with participation from existing investors including Growth Investing at Goldman Sachs, WestCap, Hanaco Ventures, and QED Investors. The funding will be used to enhance Amount's technology, accelerate expansion in the U.S. credit union market, and advance its artificial intelligence and machine learning capabilities. Curql, a collective of over 160 credit unions investing in fintech solutions, views Amount's platform as key to improving lending efficiency and member experience for credit unions. Amount has a track record of helping financial institutions streamline processes, aligning with Curql's mission to bring transformative tech to the credit union industry. |
| May 2022 | Undisclosed stage | Hanaco Venture Capital; Westcap | $40M | - | Amount is a Chicago-based fintech providing a SaaS platform for digital origination and decisioning, powering deposit account opening and loan origination for banks and credit unions. The platform optimizes customer acquisition, performance assessments, risk analytics, and enables quick deployment of new offerings. Clients manage over $3.1 trillion in assets and serve 50 million US customers, including partners like Fifth Third Bank, Mastercard, and Velera (formerly PSCU) since 2022. Search results reference a Series D round in May 2021 led by WestCap with Hanaco Ventures participation, raising $99 million at a post-money valuation over $1 billion. Another round in August 2024 raised $30 million from existing investors including Hanaco Ventures and WestCap, plus new investor Curql, to advance AI capabilities and expand in credit unions. Earlier funding history includes a Series C of $86 million in late 2020 at $686 million valuation and Series B of $58 million in March 2020. |
| May 2021 | Series D | Westcap (lead); Invus; Hanaco Venture Capital; Goldman Sachs; Barclays; 50 South Capital | $99M | $1B | Amount is a Chicago-based fintech company that spun out from online lender Avant in January 2020, providing enterprise software and omnichannel digital banking solutions to help traditional banks and financial institutions modernize, digitize their infrastructure, and compete with fintechs in areas like retail lending, loans, credit cards, deposits, and point-of-sale financing. Its platform enables rapid account opening, loan approvals in minutes, and serves major clients including TD Bank, Barclays, HSBC, BBVA, Regions, and Eloan, whose collective assets exceed $2 trillion and customer base tops 50 million in the U.S. On May 17, 2021, Amount raised $99 million in a Series D funding round led by WestCap, with participation from Hanaco Ventures (also listed as Hanaco Venture Capital), Goldman Sachs, Invus Opportunities, and Barclays Principal Investments (also referred to as Barclays Corporate Banking). This round valued the company at just over $1 billion, achieving unicorn status, and brought total funding to $243 million across rapid successive rounds: $58 million Series B in March 2020, $86 million Series C (including $81 million initial plus $5 million second close) in late 2020 led by Goldman Sachs Growth at $686 million valuation. The new capital is earmarked for accelerating R&D in technology and products, as well as pursuing acquisitions to layer on features, unlock new asset classes, and enhance the platform. Investors like WestCap highlighted Amount's leadership in enabling banks to democratize access to financial products through modernization. Amount's growth trajectory reflects intense demand for its solutions amid fintech disruption, positioning it to expand offerings like retail banking suites for small business loans, home equity, and auto financing while maintaining competitive edges for legacy institutions. |
| Dec 2020 | Series C | Goldman Sachs Growth Equity (lead); Invus; August Capital; Hanaco Venture Capital; Barclays | $86M | $600M | Amount is a Chicago-based fintech company spun out from online lender Avant in January 2020, providing technology that overlays onto existing bank infrastructure to digitize consumer banking products like credit cards, point-of-sale financing, fraud prevention, and buy now pay later solutions. It partners with major banks including HSBC, BBVA, TD Bank, and Barclays US retail bank, serving over 50 million US customers through these relationships and focusing on the largest 250 US banks to modernize their offerings against fintech competitors. In late 2020, around December, Amount closed an $81-86 million Series C funding round led by Goldman Sachs Growth Equity, with participation from existing investors August Capital, Invus Opportunities, and Hanaco Ventures. The company was valued at $600 million prior to this raise (pre-money valuation), bringing total capital raised since independence to nearly $140 million in 2020 alone. Funds were allocated to R&D investments, expanding the implementations team, doubling sales efforts, potential acquisitions, and exploring new asset classes like mortgages or small business lending. This round built on prior fundraising, including a $58 million Series B in March 2020. Amount demonstrated strong product traction, particularly in point-of-sale financing rolled out over a year prior, positioning it competitively with other fintechs. The Series C set the stage for rapid growth, as evidenced by a subsequent Series D in May 2021 raising nearly $100 million led by WestCap, with the same co-investors including Goldman Sachs, Hanaco, Invus, and Barclays, achieving unicorn status with post-money valuation over $1 billion—a more than 50% increase—and total funding of $243 million. |
| Mar 2020 | Series B | QED Investors (lead); Sean Bill | $58M | - | Amount is a Chicago-based fintech company that spun out from online lender Avant in January 2020, providing digital banking technology to help traditional banks compete with fintechs by overlaying software on existing infrastructure for products like loans, credit cards, deposits, and fraud prevention. It partners with major banks including HSBC, TD Bank, BBVA, and Barclays, serving over 50 million U.S. customers among the largest 250 U.S. banks. The company raised a $58 million Series B round in March 2020 led by QED Investors (with Nigel Morris, cofounder of Capital One, involved) and participation from Sean Bill, followed by an $81 million Series C in December 2020 led by Goldman Sachs Growth (with August Capital, Invus Opportunities, and Hanaco Ventures) and a $86 million Series C referenced later. Subsequent rounds included a $99 million Series D in May 2021 led by WestCap (with Hanaco Ventures, Goldman Sachs, Invus Opportunities, and Barclays Principal Investments), reaching unicorn status at just over $1 billion valuation and totaling $243 million raised since early 2020. Amount plans to use capital for R&D, product enhancement, and potential acquisitions, focusing on accelerating digital transformation for banks. |
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Who has invested in Amount?
11 investors have backed Amount across its funding rounds, including Hanaco Venture Capital, Westcap, Goldman Sachs, QED Investors, Invus and Barclays.
Lead investors include Curql, Westcap, Goldman Sachs Growth Equity and QED Investors.
Amount Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Tel Aviv | 4 | Participant | Dec 2020 | |
 Canada | 3 | Lead | May 2021 | |
| New York City, NY | 2 | Participant | Dec 2020 | |
| Alexandria, VA | 2 | Lead | Mar 2020 | |
| New York City, NY | 2 | Participant | May 2021 | |
 London | 2 | Participant | Dec 2020 | |
| San Francisco, CA | 1 | Participant | Dec 2020 | |
| United States | 1 | Participant | May 2021 | |
| New York City, NY | 1 | Lead | Dec 2020 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Amount
Amount has acquired 1 company to date.
Last acquisition by Amount was on February 1st 2022. Amount acquired Linear for $175M.
Latest Acquisitions by Amount
| Description | Linear is a fintech platform simplifying loan origination and account opening for banks and lenders. Miami-headquartered, it automates KYC verification, credit scoring, and e-signatures with AI risk models, integrating with core systems like Temenos and Finastra. The solution processes digital applications in under five minutes, serving financial institutions transitioning to omnichannel customer onboarding. |
| HQ Country | |
| HQ City | Reston, VA |
| Deal Date | 1 Feb 2022 |
| Valuation | $175M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Amount acquisitions and their M&A valuation multiples. Start Free Trial | |
Amount Competitors
Amount competitors include listed companies like Bravura Solutions and Vitec Software, and private ones like Augustus, Earnix, Open Financial Technologies and Vise.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $1B | - | |
| Givatayim | Private | - | - | $1B | - | |
 Bangalore | Private | - | - | $1B | - | |
| New York City, NY | Private | - | - | $1B | - | |
 Australia | Publicly listed | $201M | $55M | $998M | 4.8x | |
 Sweden | Publicly listed | $370M | $150M | $1.1B | 3.6x |
Amount Public Comps
Amount is no longer listed, but its public comps include Bravura Solutions, Intellect Design Arena Ltd, Vitec Software, Optasia, Shenzhen Sunline, PEXA Group, Fujian Apex Software, Donnelley Financial Solutions, Sinodata and Global Infotech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $201M | $55M | 4.8x | 4.8x | 17.7x | 16.8x | |||
| $317M | $64M | 2.8x | 2.5x | 13.7x | 12.6x | |||
| $370M | $150M | 3.8x | 3.6x | 9.3x | 9.2x | |||
| $265M | $79M | 4.3x | 3.7x | 14.6x | 9.2x | |||
| $292M | $14M | 3.7x | 3.1x | 76.1x | 38.4x | |||
| $285M | $100M | 3.5x | 3.4x | 9.8x | 9.4x | |||
| $87M | $28M | 7.8x | 7.9x | 24.0x | 24.4x | |||
| $767M | $122M | 1.8x | 1.8x | 11.2x | 5.6x | |||
This data is available for Pro users. Sign up to see all Amount competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Amount
| When was Amount founded? | Amount was founded in 2019. |
| Where is Amount headquartered? | Amount is headquartered in Chicago, IL, United States. |
| Is Amount publicly listed? | No, Amount was acquired by Fidelity Information Services in September 2025. |
| Who acquired Amount? | Amount was acquired by Fidelity Information Services in September 2025. |
| What is Amount's valuation? | Amount was last valued at $1B in its Series D in May 2021. |
| How much funding has Amount raised? | Amount has raised $313M across 5 funding rounds. |
| What was Amount's last funding round? | Amount's last funding round was a $30M undisclosed-stage round in August 2024, led by Curql. |
| Who are Amount's investors? | Amount's investors include Hanaco Venture Capital, Westcap, Invus, QED Investors, Goldman Sachs, Barclays, August Capital, 50 South Capital, Goldman Sachs Growth Equity, Sean Bill and 1 other. |
| Which companies are comparable to Amount? | Companies comparable to Amount include Augustus, Earnix, Open Financial Technologies, Vise, Bravura Solutions and Vitec Software. |
| How many companies has Amount acquired? | Amount has acquired 1 company, including Linear. |
| What was the largest acquisition by Amount? | The $175M acquisition of Linear in February 2022 is the largest acquisition Amount has made to date. |
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