Loading organizations...
Arkami (Alkami Technology) is a Plano, Texas-based financial technology company that provides cloud-based digital banking platforms and software solutions for regional banks and credit unions. Operating under a software-as-a-service model, the enterprise generates recurring revenue by licensing its online and mobile banking suites to financial institutions, reaching over $130 million in total annual recurring revenue by 2020. The organization currently supports a workforce of approximately 1,225 employees and facilitates digital account management for nearly 10 million live users across its extensive client network. Led by Chief Executive Officer Alex Shootman, the company completed its initial public offering on the Nasdaq exchange in 2021, achieving an estimated market valuation of $3 billion. The business was originally founded in 2009 by Stephen Bohanon, David Jones, Gary Nelson, and a broader team of technology partners.
Arkami has raised $2.0M across 1 funding round.
Arkami has raised $2.0M in total across 1 funding round.
Arkami has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Series A in August 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2013 | $2M Series A | — | Verity Venture Partners, Mark Swanson, Tina BOU Saba, Mcneel Capital | Announced |
Alkami Technology is a leading cloud-based digital banking solutions provider serving U.S. banks and credit unions. It builds an integrated platform that combines onboarding and account opening, digital banking, and data-driven marketing solutions designed to help financial institutions onboard customers faster, engage them more effectively, and grow relationships. Alkami’s platform supports both retail and business banking, delivering an intuitive, seamless user experience across devices while enabling financial institutions to compete with larger megabanks and neobanks. Its solutions emphasize speed, efficiency, and automation, boasting metrics such as 3x faster retail account opening and 85% automation of account opening applications, driving significant revenue growth for clients[1][2][3].
Founded in 2009 by Stephen Bohanon, who currently serves as Chief Strategy Officer, Alkami began with a clear mission to revolutionize digital banking. Over 15 years, it has evolved into a major player in the fintech space, focusing on delivering technology excellence through pillars like reliability, quality, efficiency, performance, and scalability. The company’s growth has been marked by continuous innovation and a commitment to helping regional and community banks and credit unions thrive in a competitive digital landscape. Alkami’s early traction came from its ability to modernize banking technology without disrupting existing business, earning trust and expanding its customer base to serve over 18 million active users[1][3].
Alkami rides the wave of digital transformation in banking, particularly the shift toward cloud-based, data-driven, and customer-centric financial services. The timing is critical as regional and community banks face pressure to compete with large megabanks and agile neobanks. Market forces such as increasing demand for seamless digital experiences, regulatory changes, and the rise of anticipatory banking create a favorable environment for Alkami’s solutions. By enabling smaller financial institutions to modernize quickly and efficiently, Alkami influences the broader ecosystem by democratizing access to advanced digital banking technology and fostering innovation beyond the largest players[1][3].
Looking ahead, Alkami is positioned to continue expanding its influence by deepening its platform capabilities around anticipatory banking and data-driven engagement. Trends such as AI-powered personalization, open banking, and embedded finance will likely shape its product roadmap. As financial institutions increasingly prioritize digital transformation, Alkami’s commitment to seamless integration, scalability, and customer success will be key to sustaining growth. Its role as a technology partner for banks and credit unions suggests it will remain a pivotal player in shaping the future of digital banking, helping smaller institutions thrive in a rapidly evolving market[1][3][4].
Arkami has raised $2.0M in total across 1 funding round.
Arkami's investors include Verity Venture Partners, Mark Swanson, Tina Bou-Saba, McNeel Capital.
