Plano, Texas-based startup Alkami Technology has raised $70 million for its mobile banking platform, it was reported yesterday.
Alkami, which provides white-labeled solutions for banks and credit unions to implement across their digital and mobile platforms, was started in 2009 because there “wasn’t a lot of innovation that was happening in the digital banking space,” company founder Stephen Bohanon told TechCrunch.
The SaaS company charges its clients based on their number of users per month; 4.5 million banking customers use its platform, according to reports.