Alloy, a startup that enables banks to manage identity and risk, has raised $40mn.
In Brief:
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The Series B funding was led by Canapi Ventures.
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Alloy provides an end-to-end operating system for identity.
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It helps FS firms make real-time decisions about financial risk, during customer onboarding and on an ongoing basis.
What does this mean?
Alloy’s customer base has almost doubled over the past year and as more and more people manage their finances remotely, digital onboarding and ID verification will only continue to grow.
