Eltropy Secures $21 Million Investment From K1 To Expand Its Digital Communication Suite For Financial Institutions

Jun 16, 2021•about 4 years ago

Amount Raised

$21 Million

Milpitas

Description

Eltropy, Inc. ("Eltropy"), the leading messaging-based platform focused on driving operational efficiency for financial institutions, today announced a $21 million investment from K1 Investment Management ("K1"), a leading investment firm focused on high-growth enterprise software companies. With the investment, Eltropy plans to more than double its headcount and further invest in its all-in-one communication suite.

Company Information

Company

Eltropy

Location

Milpitas, California, United States

About

Eltropy enables Financial Institutions to digitally engage in a secure and compliant way. Using our world-class digital communications platform, Credit Unions, Banks, Debt Collectors, Insurance Companies, Lenders and FinTechs can improve operations, engagement and productivity. Eltropy also integrates with IT systems, such as Symitar and Corelation, and uses Analytics to provide engagement insights. For more information about Eltropy, please visit eltropy.com.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Eltropy Secures $21 Million Investment From K1 To Expand Its Digital Communication Suite For Financial Institutions

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information