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Funding led by Lightspeed Venture Partners When growth of avenir, Participation by existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures When Felicis Ventures, The company will be valued at $1.55 billion.
Back in August, New York-based Alloy expanded its fraud and risk decision-making platform to 40 countries across North America, EMEA, LATAM, and APAC. We already have an established presence in EMEA and will use the new funding to accelerate our growth and meet the global demand for anti-fraud tools.
Tommy Nicholas Co-Founder and CEO of Alloy said: This latest investment will help us accelerate our growth and better serve the global fraud challenges facing businesses.
Alloy provides clients with access to customer information, traditional credit bureau data, and other alternative data through a single integration point, providing a holistic view of the customer.Over 300 companies including Allybank, HMBradley, Gemini, Lamp When Evolving Bank & Trust, Use Alloy’s API-based platform to connect to over 160 data sources, automate identity decisions during account creation, and monitor them continuously.
Founded in 2015, the company backs some of the most innovative banks and says it’s the fastest growing Fintech Businesses grow and scale their businesses by enabling them to find and incorporate more qualified customers into their products without increasing the risk of fraud.
With fraud rates on the rise, Alloy is playing a key role in the financial ecosystem by bringing its expertise and platform to both start-up fintech companies and established banks. Justin Oberdorf Partner of Lightspeed Venture Partners.
Fraud is inevitable and one of the biggest risks to any new financial technology. We can fight fraud because we have a holistic view of
