Amount

Overview

Amount is a software company based in the United States, founded in 2020, that specializes in financial software solutions aimed at enhancing the lending processes for small and midsize banks. The company addresses the challenges faced by these banks, particularly in providing small-business term loans and lines of credit, which are essential for maintaining profitable relationships with small and midsize business (SMB) customers. A case study highlights how a community market bank utilized Amount's digital origination and decisioning platform to streamline its SMB lending operations. The bank faced difficulties due to a lack of specific SMB lending experience and reliance on commercial-centric loan origination systems, which hindered its ability to deliver a satisfactory digital experience. By implementing Amount's solutions, which include digital application interfaces and a third-party data engine for credit and fraud automation, the bank improved its application process efficiency and customer experience, leading to an increase in successful loan applications. The company employs between 201 and 500 individuals and reported revenue of approximately $81.9 million.

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