The SaaS unicorn Alloy is making its way across the pond to launch in the UK
In Brief:
Founded in 2015 by Charles Hearn (CTO), Tommy Nicholas (CEO) and Laura Spiekerman (president), the firm supports more than 350 banks and fintech startups in North America, including Brex, Marqeta, Gemini and Ramp, to prevent fraud and financial crime
The company has so far raised more than $210m, reached a valuation of $1.55bn and last year said it would be expanding into 40 new countries, with its new London office now marking its first local site outside of the US
It is backed by leading investors from Lightspeed Venture Partners, Bessemer Venture Partners, and Canapi Ventures
What does this mean?
“For financial institutions to remain competitive in today’s market, cross-border functionality is no longer a major advantage – it’s a must,” commented Alloy Head of Global Edwina Johnson. “FinTech startups are now building with a global mindset from day one, and looking for technology partners who can scale with them, adapting to their changing business needs, appetite for risk, and compliance requirements.”
