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U.S. bank software provider Alkami plans IPO at $3 billion valuation - sources


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(Reuters) - Alkami Technology has chosen Goldman Sachs Group Inc to lead preparations for a planned initial public offering of the U.S. banking software provider later this year that may value it at $3 billion, people familiar with the matter said on Monday.
Backed by investors including General Atlantic, D1 Capital Partners and Fidelity Management and Research Company, the Plano, Texas-based firm supplies cloud-based platforms that banks and credit unions can use to set up digital offerings for their retail and business customers.
The IPO plans come as the COVID-19 pandemic has highlighted how financial services companies need secure and effective digital platforms. Smaller banks typically do not have the resources to invest in developing such systems internally, and instead turn to third-party providers such as Alkami. ....

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