2020 has certainly been a year to remember. What began with Amount’s formal spin-off from Avant in January and my formal assumption of the CEO role in February, changed dramatically in March. Like many other companies, the entire organization transitioned to fully remote work, and, despite this obstacle, we maintained our virtual engagement throughout a very challenging year. Our team rose above the adversity, and continued to grow Amount into an industry leader in digital retail banking solutions and point-of-sale financing with buy now, pay later (“BNPL”) technology.
Prospects, partners and investors alike have taken notice in a big way—a testament to our team’s ability to create something special at Amount.
With that said, I am pleased to share that Amount has closed our most recent equity capital investment with the announcement of our $81 million Series C led by Goldman Sachs Growth. August Capital, Invus Opportunities, Hanaco Ventures and other insiders will be joining the round as well, with FT Partners advising on the transaction. The latest round of funding brings our total capital raised in 2020 to nearly $140 million, following our Series B round earlier this year, led by Nigel Morris and the team at QED Investors.
I could not be more thrilled to welcome such esteemed investors who will continue to support our mission to empower the future of modern banking. We’re thrilled to be backed by these highly-regarded investors as we push to deliver world-class solutions to financial institutions and channel partners, enabling them to compete at the highest level in an ever-changing market.
We expect that the demand for Amount’s technology will grow in 2021, as financial institutions continue to modernize and adjust to a consumer trend that prioritizes a digital-first, contactless environment in banking and e-commerce, which is being accelerated by COVID-19.