Alkami Technology
“Can a digital banking platform for community/regional FIs win by unifying onboarding, servicing, and data into a single 'Anticipatory Banking' operating system?”
Founded2009
HQPlano, Texas, United States
FoundersStephen Bohanon
Total raised$385M+ pre-IPO
Latest roundIPO (Nasdaq: ALKT), April 2021
Valuation$2.5B market cap
IndustryInfrastructure / Digital Banking Platform
The story
Founded 2009 as a white-label digital banking platform for regional and community banks and credit unions — a segment that couldn't build in-house like the top 20 banks. Went public in 2021 on the strength of its SaaS user-based pricing model. The 2025 acquisition of MANTL added account origination, letting Alkami sell a full lifecycle 'Digital Sales & Service Platform' (onboarding + digital banking + data/marketing) rather than just servicing existing account holders — repositioning from digital banking vendor to 'Anticipatory Banking' data platform.
Last 12 months
Product timeline
2009
Alkami founded by Stephen Bohanon and partners in Plano, TX to modernize digital banking for regional/community FIs· founding
2018
Raised $70M Series D led by General Atlantic; ~4.5M end users on the platform· funding
2021
IPO on Nasdaq (ALKT)· ipo
2023
First-to-market partnership with Plaid on FDX-aligned Core Exchange API· partnership
2025
Acquired MANTL for account opening and onboarding· acquisition
2026
Launched unified Digital Sales & Service Platform combining MANTL, Digital Banking, and Data & Marketing; introduced Alkami Code Studio (GenAI dev tool)· product
Acquisitions
MANTL2025
Account opening and onboarding platform for banks and credit unions; became the origination layer of Alkami's Digital Sales & Service Platform
Segmint2022
Financial data/marketing intelligence provider; foundation of Alkami's Data & Marketing Solution (Segmint branding still visible on privacy pages)
The stack
5 layers disclosed in Alkami Technology’s embedded-finance stack
Payments / PSP
Alacriti (real-time payments partner)
Money movement
in the full report
Open banking
in the full report
Unified APIs
in the full report
KYC
in the full report
Accounting gap: none
5 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.