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Alloy

FinTech Infrastructure
Identity & Access Management
Product stageSegments
Growth
?
Fraud prevention
?

Alloy offers a software-as-a-service (SaaS) platform and unified API service for banks and FinTechs to embed identity and fraud compliance. The platform integrates with over 160 data sources (as of September 2022), and also offers a dashboard for enterprise customers to automate identity and fraud-related decisions. The company also added credit underwriting to its offering in October 2021 , with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.

Key customers and partnerships


Alloy partnered with Veriff in April 2022 to enhance its know-your-customer (KYC) and anti-money laundering (AML) solutions for banks and FinTechs. By accessing Veriff’s identity verification solutions, Alloy enables its clients to combat fraud when onboarding customers and when monitoring transactions and credit decisions. Moreover, Alloy’s users can access KYC solutions in over 190 countries.


Alloy reportedly served over 300 customers as of September 2022, including Ally Bank, HMBradley, Gemini, Ramp, Brex, and Evolve Bank & Trust.


Funding and financials

Alloy raised USD 52 million in funding in September 2022, co-led by Lightspeed Venture Partners and Avenir Growth - less than a year after raising Series C funding - at a USD 1.55 billion valuation. The funds were earmarked for investment in expanding its service within its existing markets, further developing its product, and recruitment. The company had reportedly doubled its annual recurring revenue (ARR) over the past year leading to the funding.

FinTech Infrastructure

FinTech Infrastructure

Key stats
Featured companies
169
Total funding (USD)
41.2 Bn
Total addressable market (USD)
80.8 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Sep 1, 2022
Alloy raises USD 52 million in funding
FinTech Infrastructure
Partnerships
Apr 18, 2022
Alloy partners with Veriff to bolster AML and KYC solutions
FinTech Infrastructure
Product updates
Oct 20, 2021
Alloy launches credit underwriting to expand identity decisioning platform
FinTech Infrastructure
Funding
Sep 30, 2021
Alloy raises USD 100 million in Series C Funding
FinTech Infrastructure

Company Brief


HQ location:
41 East 11th St 2nd Floor New York NY USA
Founded year:
2002
Employees:
251-500
Total Funding:
USD 207.8 million
Last Funding
USD 52.0 million, Sep 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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