Tag: banking

Plano-based banking technology firm Alkami files to go public

Fast-growing Plano banking technology firm Alkami filed to go public Wednesday in an initial stock offering that could raise $250 million.

The company is still determining the number of shares it will sell and at what price, according to its filing with the U.S. Securities and Exchange Commission. IPO analysis firm Renaissance Capital expects Alkami to raise up to $250 million.

The IPO will likely put a $3 billion valuation on Alkami, according to Reuters, which cited people familiar with the deal. The company brought in $112 million in revenue last year, a nearly 150% increase over 2019, according to

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Fast-growing Alkami Technology brings fraud prevention provider into its digital banking portfolio

Alkami Technology, the fast-growing digital banking firm headquartered in Plano, is acquiring a Tennessee company that specializes in electronic payments fraud prevention technology.

The deal for privately owned ACH Alert extends Alkami’s cloud-based platform by adding fraud prevention and secure money movement technology, according to a Tuesday announcement by Alkami. Terms of the deal weren’t disclosed.

ACH Alert’s 20 employees will continue to work from the company’s offices near Chattanooga, said Alkami chief financial officer Bryan Hill.

In a statement, CEO Mike Hansen said the deal gives Alkami “market-leading fraud prevention capabilities.” ACH was founded in 2007 to make electronic,

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