Updated:
Amount
Amount supplies white-label lending infrastructure to large US banks. Spun out of Avant in 2020 by CEO Adam Hughes, backed by Goldman Sachs and Santander.
Amount
Launch seamless origination across deposits, lending and cards with FIS Origination Suite, a unified platform with digital experiences and strong risk mitigation.
General information
Firm type
Asset Manager
Year founded
2020
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Adam Hughes
CEO
Sector focus
Frequently asked questions
Does Amount lend money directly to consumers?
No. Amount is a software company that sells the infrastructure for banks to originate and service loans. The bank client puts up the capital, funds the loan, and holds the receivables. Amount provides the decision engine, fraud tools, and customer-facing interface — all white-labeled with the bank's brand.
What is Amount's relationship with Avant?
Amount was created as a spinout from Avant, the Chicago-based online consumer lender, in 2020. Avant separated its internal banking-technology unit and recapitalized it as Amount, bringing in external investors and installing Adam Hughes, previously Avant's chief operating officer, as CEO. The two companies have been distinct legal entities since the spinout.
Which banks use Amount's platform?
Confirmed clients include Barclays US, TD Bank, Regions Bank, and HSBC US, though the firm says its technology is embedded in institutions representing over $2.3 trillion in combined assets. The exact client count is not publicly disclosed.
What investment stages and check sizes does Amount target?
Amount is not an investment firm — it is a business-to-business software company serving banks. Questions about its own capital structure are venture-capital questions; the firm raised roughly $180 million in equity across rounds led by WestCap, Goldman Sachs, and August Capital before reaching unicorn status in 2021.
Does Amount operate as a family office or manage outside capital?
Amount is a venture-backed financial technology company, not a family office. It generates revenue by licensing software to regulated financial institutions, not by managing a pool of proprietary or LP capital.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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