Alkami, which offers digital banking solutions based in the cloud, is preparing for an IPO – Reuters reports.
In Brief:
It could go ahead later in 2021, at a $3bn valuation.
Based in the US, the banking software provider is already backed by General Atlantic, D1 Capital Partners and Fidelity Management among others.
Its last funding round was in September and it raised $140mn.
What does this mean?
Offering cloud-based software to banks and credit unions, Alkami currently has around 160 clients in the US. It will have benefitted from the Covid-19 situation and shift to digital over the past year, and going public should enable Alkami to expand its offering further.
