Alloy, the identity operating system for the financial services industry, today announced it has raised $12 million in Series A funding. Bessemer Venture Partners led the round and was joined by previous investors including Eniac Ventures and Primary Venture Partners.
Recent posts by Laura Spiekerman
2 min read
Alloy Raises $12 Million in Series A Funding Led by Bessemer Venture Partners to Scale the First Identity Operating System in Financial Services
We’re thrilled to unveil our newly redesigned website. The financial services industry is already so complicated, murky, and difficult to navigate, that we wanted to ensure Alloy’s home online was just the opposite: friendly, simple, and transparent.
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At Alloy, we had a decision to make relatively early on, when we were just 5 people on a very tight budget: whether or not to invest in a SOC2 process. The SOC2 reports are designed to establish a company’s design and operating effectiveness of their non-financial controls as they relate to security, availability, processing integrity, confidentiality and privacy of a system. (For more information, see SSAE-16’s website).
Topics: Fintech Banking Tech Compliance Soc2
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There’s a ton of startup advice out here — the revered Paul Graham essays, Eric Ries’ Lean Startup methodology, and Hacker News community discussions, among many others. But it’s not universal, and leaves certain founders with too little guidance.
Topics: Fintech New York Financial Services
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We’ve added “aas” to so many functions and products, from Software to Platforms to Backend (there’s some joke to be made here, but I’ll refrain…). If you started building products or services in the last few years (like me), you might take for granted that you don’t have to reinvent the wheel every time you want to access basic infrastructure and functionality; you probably rely on AWS for hosting, and use a CRM in the cloud to keep track of your customers.
But when it comes to financial services, building products & services is still largely on-premise, and most product managers and developers are reinventing the wheel.