Alkami Technology Completes Financing Round Led by S3 Ventures

Next Generation Online Banking Platform Completely Redefines the User Experience and the Strategic Marketing Capabilities for Financial Institutions

Oklahoma City, OK — Today, Alkami Technology announced it completed its first institutional round of funding led by S3 Ventures to expand the banking industry’s adoption of its powerful Online Banking and Mobile Banking software. Alkami’s innovative platform is designed to increase adoption numbers while promoting stronger and more loyal online relationships with a Financial Institution’s end-users.

“At Alkami, we are driven to communicate what we believe is the future of banking, the future of online relationships, and how consumers will ultimately prefer to interact with their bank or credit union,” said Gary Nelson, CEO of Alkami. “Therefore, our product and our people are focused on dramatically improving the old standard definition of online banking, what it can do, and even what it’s for. Consumers expect a more elegant online and mobile experience so we set out to rethink the whole interface. We are excited to be working with S3 Ventures and are confident these additional resources will allow us to grow faster and influence the market.”

The Alkami Technology Inc. financing round expands the company’s capitalization well beyond its earlier investors, which included its CEO, Gary Nelson.

“We wanted to find a company that was innovative and experienced in the banking / credit union market, with a superior online and mobile platform that would address the technology gaps and limited user experience in today’s online banking,” said Brian R. Smith, Managing Director of S3 Ventures. “Alkami has developed the most extensible, scalable, and usable online and mobile product in this market for banks and credit unions. Alkami’s customers can expect extraordinary value and a better ability to both retain and grow their user base.

About S3 Ventures

S3 Ventures is an early-stage venture capital firm investing in companies which address large market opportunities in the information technology and medical device sectors. We invest primarily around the Southwest with a focus on Texas. Our offices are located in Austin and Houston. S3’s team is a group of seasoned investors and successful entrepreneurs who have repeatedly built companies into great returns for investors. At S3 today, we help talented entrepreneurs take their technology and market knowledge and form valuable businesses in a methodical fashion. For more information about S3, visit http://www.s3vc.com/.

About Alkami Technology

Alkami Technology is a software company providing online and mobile solutions to the financial services industry. Alkami’s ORB Platform represents a quantum leap forward in the level of control and customization given to the institution while revolutionizing the user experience provided to customers and members. With its modern interface, customizable feature set, intelligent content delivery, and financial management tools, Alkami enables financial institutions to build stronger relationships with their customers and members by bringing true value to the online experience. To learn more about the ORB Platform from Alkami, visit www.alkamitech.com.