This adds to the over $46 million the company has raised since it was founded in 2009. Stephen Bohanon, founder of Alkami, started the business during the financial crisis when there “wasn’t a lot of innovation that was happening in the digital banking space.” Says Bohanon, there was an opportunity because “outside of the top roughly 20 banks, most everyone else relies on a third-party vendor to offer the solutions.” Alkami has a SaaS model, charging its clients based on the number of users per month. He says the company will be using the funding to invest in innovation and sales.

https://techcrunch.com/2018/01/09/alkami-raises-70-million-for-mobile-banking-software/