Alloy raises $52 mn in VC funding led by Lightspeed

Alloy, a leading Identity Decisioning Platform for banks and fintech companies, has raised $52 million in a VC funding round — led by Lightspeed Venture Partners and Avenir Growth.
There was also participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures.

Alloy enables clients to pull in customer information, credit bureau data, and alternative data through a single point of integration.

Earlier this month, Alloy announced its global expansion into 40 countries across North America, EMEA, LATAM, and APAC.

Over 300 companies use Alloy’s API-based platform to connect to more than 160 data sources, automate identity decisions during account origination, and monitor them on an ongoing basis. Alloy has helped some of the most innovative banks and fastest growing fintech companies grow and scale operations.

Over the past 12 months, Alloy has seen revenue more than double. The company serves banking and fintech companies including Ally Bank, HMBradley, Gemini, Ramp and Evolve Bank & Trust, processing over a million decisions daily.