Alkami Technology Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Alkami Technology Inc. - overview
Established
2009
Location
Plano, TX, US
Primary Industry
Financial Services
About
Based in Texas, US, and founded in 2009, Alkami Technology Inc. provides integrated modern banking solutions for banks and credit unions. The company was co-founded by Gary Nelson, Sean McElroy, and Stephen Bohanon and as of March 2021, Alkami Technology has approximately 600 employees. In 2020, the company raised funding from D1 Capital Partners, Fidelity Investments, Franklin Templeton, and Stockbridge Investors.
In April 2021, Alkami Technology raised USD 180 million in an IPO, selling 6 million shares at USD 30 per share on the Nasdaq. The company works with financial institutions, such as banks and credit unions, by offering digital retail and business banking solutions. The Alkami platform offers personalized user onboarding, engagement, and account service solutions. The platform allows users to access retail banking services such as checking account balances, bank transfers, and payment of bills online.
The company’s business banking solutions include wireless payments, automated billing, user activity tracker, and generate data-driven insights. Alkami Technology Inc. generates revenue by selling the digital banking platform to financial institutions. In 2020, the company earned USD 112.
14 million. In 2020, Alkami Technology Inc plans to list on The Nasdaq Global Select Market under the symbol “ALKT.
Current Investors
General Atlantic, S3 Ventures, Argonaut Private Equity
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software, Application Integration Software
Website
www.alkami.com
Verticals
Cloud Computing, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Alkami Technology Inc. - timeline of key events
Alkami Technology Inc. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 48,200,000 | 73,500,000 | 112,142,000 | 152,159,000 | 204,270,000 | - | - | - |
| % Revenue Growth (YoY) | - | 52.5% | 52.6% | 35.7% | 34.2% | - | - | - |
| EBITDA (USD) | (39,400,000) | (39,500,000) | (32,267,000) | (39,423,000) | (49,462,000) | - | - | - |
| Operating Income (USD) | (41,600,000) | (41,800,000) | (35,103,000) | (42,916,000) | (57,689,000) | - | - | - |
| Operating Margin | (86.3%) | (56.9%) | (31.3%) | (28.2%) | (28.2%) | - | - | - |
| % EBITDA Margin | (81.7%) | (53.7%) | (28.8%) | (25.9%) | (24.2%) | - | - | - |
| NET Income (USD) | (41,700,000) | (41,900,000) | (51,355,000) | (46,822,000) | (58,600,000) | - | - | - |
| % Net Margin | (86.5%) | (57.0%) | (45.8%) | (30.8%) | (28.7%) | - | - | - |
Alkami Technology Inc. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.