New York based identity operating system for the financial services industry raised $40m in Series B funding led by Canapi Ventures.
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Alloy raises $40m in Series B funding to digitally onboard banking customers
“All of the risk and fraud requirements to validate identity were designed for the brick-and-mortar world,” co-founder and CRO Laura Spiekerman told Crunchbase News. “In a digital world, they have to use third-party databases, such as credit bureaus. However, if someone doesn’t have a credit history, there is not that reliable data to make a risk assessment.”
