Over $4B in new capital deployed during September. Learn more about some of the ground-breaking rounds that shaped the NYC funding landscape.
Avid Ventures
Alloy Raises $100M For its Identity Verification and Transaction Monitoring Platform for the Financial Services Industry
Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements typically require financial institutions to rely on numerous third-party data providers for both onboarding and ongoing monitoring. Digitally-focused financial providers (neo-banks, fintech startups, global banks, and platform banks) face the decision to build systems in-house, a resource-intensive process, or rely on third-party integrations that are available in order to be compliant. Alloy, a complete identity decisioning and monitoring platform, makes that decision easy with its infrastructure-as-a-service platform. Launched in 2015, the company streamlines the onboarding process aided with automation and supports the customer lifecycle with ongoing monitoring to flag potential fraud and minimize risk. Alloy integrates with 120+ sources to ensure that its customers are able to build a complete and accurate picture of their customers and their financial transactions. The company has 200+ clients and has tripled its revenue in the last year. AlleyWatch caught up with Alloy Cofounder and CRO Laura Spiekerman to learn more about NYC’s newest unicorn, how streamlining identity decisioning and monitoring spurs innovation in digital finance, the company’s strategic plans, latest round of funding from investors that include Lightspeed Venture, Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures.
#NYCtech Week in Review: 7/4/21 – 7/10/21
Despite it being a holiday-shortened week, there was a ton of startup activity in Gotham. NYC Tech News for the week ending 7/10 featuring news for Coast, Supergreat, and much, much more.
The AlleyWatch Startup Daily Funding Report: 7/7/2021
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 7/7/2021 featuring funding details for Glossier, Coast, and much more.
The Weekly Notable Startup Funding Report: 6/28/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 6/26/21 featuring funding details for Anjuna, Cleerly, Deserve, and twenty-eight other rounds that you need to know about.
The NYC Venture Capital Firm News Digest: 2/19/2021
This bi-weekly column covers the latest news from venture capital firms in NYC for the first half of February 2021 featuring must-know news including news for Eniac, Thrive, and much more.
The 14 Largest Global Startup Funding Rounds of January 2021
Everything you need to need to know about the largest global startup funding rounds of January 2021; broken down by industry, stage, investors, and more…
These are the 15 Largest NYC Tech Startup Funding Rounds of Q3 2020
Everything you need to need to know about the largest NYC startup funding rounds of Q3 2020; broken down by industry, stage, investors, and more…
The 9 Largest NYC Tech Startup Funding Rounds of September 2020
Over $700M raised by NYC startups in September! Everything you need to need to know about the largest NYC startup funding rounds of September 2020; broken down by industry, stage, investors, and more…
Alloy Raises $40M to Manage Financial Identity Verification With a Single API
The pandemic has accelerated digital transformation for countless industries. In fintech, digital institutions are faced with the quandary to buy or build. Alloy is a SaaS platform and integrated API that makes that decision easier with its robust offering that offloads the process of identity verification for neobanks, scaling fintech startups, platform banks, and others. This is critical not only for onboarding but also on an ongoing basis. Cofounder and Chief Revenue Officer Laura Spiekerman shares more on the genesis of Alloy, the company’s experience working with its partners during the pandemic, and the company’s recent funding round from investors that include Canapi Ventures, Felicis Ventures, Avid Ventures, Bessemer Venture Partners, Primary Venture Partners, and Eniac Ventures.
#NYCtech Week in Review: 9/13/20-9/19/20
NYC Tech News for the week ending 9/19 including news for Alloy, SiteRx, Aavia, and much more…