Radar › Companies › Banking Tech · Illinois
Radar · Banking Tech in Illinois

Best Banking Tech Companies in Illinois, United States

The 72 best Banking Tech companies in Illinois, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amount.

72companies tracked
$574.5Mdisclosed funding
1unicorns
26have raised
FLIAR INTELLIGENCE · BANKING TECH × ILLINOIS

Our analysis of 50 Banking Tech companies

$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
98%cloud-native stacks
2025funding peak (by rounds)
12unicorns
2016median founding year
117kcombined LinkedIn audience
53%of audience held by top 3
4companies hiring publicly (12 mo)

Ranked: Best Banking Tech companies in Illinois

#CompanyDisclosed fundingLast roundEmployeesFounderTech stackWeb popularityPatents & IP focusRecent signals
1Amount 🦄
Omnichannel Banking solutions for banks and lenders
$252M22 mo ago626Adam Hughes
CEO
HubSpot CMS HubApple iCloud MailGoogle Workspace+26Top 10M——
2Interfirst Mortgage
Provider of residential mortgage services across multiple channels
$175M56 mo ago380—HubSpot CMS HubHubSpotcore-js+20Top 50M——
3CMG
Platform offering asset management solutions
45Funding top 24%Tech bottom 49%Growth bottom 48%Market bottom 47%
All 6 signals ▾
Fundingtop 24%
Techbottom 49%
Growthbottom 48%
Marketbottom 47%
Globalbottom 39%
Newsbottom 27%
Funding: Raised $32.5M across 3 rounds · 3 rounds over 7 yrs (0.4/yr)
Tech: 31 technologies across 3/8 capability areas · Cloud: Cloudflare
rank vs industry peers · Fliar Intelligence Index 45/100
$32M1 mo ago110—WordPressApple iCloud MailMicrosoft 365+28Top 50M——
4Ascent
Cloud-based platform to track and automate financial regulatory compliance
$27M79 mo ago47Brian Clark
Founder
WordPressMySQLPHP+28Top 5M71 patents
HVAC fan and housing systems plus ultrasonic transducer manufacturing technologies
1 job opening · 1 award
5NorStates Bank
Provider of retail banking services
$25M145 mo ago12Scott Yelvington
President & CEO
————
6Neurensic
Regulatory compliance using Artificial Intelligence
$9M111 mo ago186—————
7TransUnion
Provider of consumer credit reports, credit monitoring, scores, and identity tools
$8M139 mo ago834Rajesh Kumar
Co-CEO & Managing Director
Adobe Experience ManagerApple iCloud MailJava+33Top 100k10 patents
Consumer identity verification and database record matching using similarity-based authentication algorithms.
—
8Loan Ecosystem
Loan syndication platform for businesses
$7M63 mo ago6David Tannenbaum
Founder
————
9Braviant Holdings
Credit assessment solutions for individuals and businesses
$7M96 mo ago52Justin Martorello
Co-Founder
WebflowApple iCloud MailGoogle Workspace+12Top 10M——
10Qumis
AI-powered insurance policy review platform
$7M6 mo ago—Dan Schuleman
Co-Founder & CEO
————
11Bridge
Developer of a digital banking platform for consumers
$6M44 mo ago32Lalit Janak
Co-Founder & CEO
WebflowGSAPTikTok Pixel+19Top 10M——
12Rippleshot
Provider of AI-driven banking fraud analytics and detection platform solutions
$5M94 mo ago10
10 → 13 (+30%)
Yueyu Fu
Co-Founder
Webflowcore-jsSwiper+16Top 50M——
13Cambio
Digital bank for individuals
$4M28 mo ago4Justin Dwyer
Co-Founder/Chief Operating Officer
————
14Strands
CRM management platform for banks
$3M10 mo ago—Timothy Gorham
CEO
——86 patents
AI-driven personalization and decision analytics for financial services and banking platforms
—
15Rent Butter
Provider of tenant screening and verification platform for property managers
$3M10 mo ago7Tom Raleigh
Co-Founder
WebflowVimeoStripe+19Top 10M—1 launch
164Degrees
Provider of relationship intelligence and deal flow software for private markets
$2M60 mo ago15Ablorde Ashigbi
Founder & CEO
WebflowKnockout.jscore-js+17Top 5M——
17Sendola
Financial infrastructure API hub for banks
$1M29 mo ago—Enrique Huesca
Founder & CEO
SalesforceOpenSSLReact+13Top 10M——
18Traice Technologies
Automated business risk monitoring
$570K13 mo ago10
10 → 5 (-50%)
Joe Kurian
CAO & Co-Founder
WixSentryEnvoy+18Top 50M——
19Liventus
AI-based management solutions for equipment financing
$462K74 mo ago59Dan Levin
Co-Founder
WordPress Block EditorWordPressApple iCloud Mail+33Top 10M——
20Prescient
Vendor and safety risk management solution
$323K154 mo ago96
96 → 78 (-19%)
————1 job opening
21AkoubaCredit
Online loan origination platform for small business loans.
$120K131 mo ago11—————
22Lotic Labs
Financial risk assessment solutions provider
$100K82 mo ago4Matthew Marshall
Co-Founder
——4 patents
Wearable health data capture devices and ML-driven personal wellness analytics platform.
—

Top 12 Banking Tech companies in Illinois

#1
Series C · Chicago, Illinois · founded 2015 · 110 employees
$32.5Mraised
▾

Platform offering asset management solutions. It offers a platform that connects buy-side and sell side in the capital market. It connects investors and underwriters via a platform that delivers integrated ECM data and analytics, workflow collaboration, and more. It provides a digital system of record for firm wide deal activity and helps clients make informed decisions.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 24%
Tech
bottom 49%
Growth
bottom 48%
Market
bottom 47%
Global
bottom 39%
News
bottom 27%
Funding: Raised $32.5M across 3 rounds · 3 rounds over 7 yrs (0.4/yr) · Last round Series C (May 2026)
Tech: 31 technologies across 3/8 capability areas · Cloud: Cloudflare · Security: Cloudflare Bot Management, Hsts
Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Audience (LinkedIn): 6k LinkedIn followers — 5.1% of this cohort's audience
Funding rounds
  • May 2026Series C—
  • Mar 2025Series C$30M
  • Jan 2022Series B—
  • Jun 2020Series B$25M
Investors
StageDotO, Franklin Templeton Investments, J.F. Shea Co, Bank of America, UBS, Citi
Tech stack
Apple Icloud MailCloudflareCloudflare Bot ManagementCookieyesCore-JsDocusign
#2
Amount 🦄
Acquired · Chicago, Illinois · founded 2014 · 626 employees
$252.2Mraised
▾

Omnichannel Banking solutions for banks and lenders. It provides Amount360, a cloud-fraud and verification platform for end-to-end mobile-first omnichannel white label solutions for personal loans, credit cards, point-of-sale products, and more. Also, it offers solutions for fraud detection, verification, decision engines, customer acquisition, funnel and performance assessments, and risk analytics.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 12k LinkedIn followers — 10.4% of this cohort's audience
Funding rounds
  • Jul 2024Series D$30M
  • Apr 2022Series D$35.7M
  • May 2021Series D$100M
  • Dec 2020Series C$86M
Founders & team
Adam HughesCEO
Investors
Origin Ventures, Curql, Goldman Sachs, WestCap, Hanaco Ventures, QED Investors
#3
Seed · Chicago, Illinois · founded 2022
$6.8Mraised
▾

AI-powered insurance policy review platform. It is an AI-powered knowledge platform built by insurance coverage experts to revolutionize insurance policy review and analysis.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Funding rounds
  • Nov 2025Seed$4.3M
  • Dec 2024Seed$2.5M
Founders & team
Dan SchulemanCo-Founder & CEO
Investors
Armory Square Ventures, MTech Capital, Grand Ventures, Alumni Ventures, BrokerTech Ventures, American Family Ventures
#4
Series A · Chicago, Illinois · founded 2018 · 7 employees
$3Mraised
▾

Provider of tenant screening and verification platform for property managers. It offers tools for identity verification, financial assessment, and background checks. The platform delivers insights to help users make informed leasing decisions. It also provides fraud protection and compliance regulation checks.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Aug 2025Series A$1.9M
  • Dec 2024Series A$1000K
  • Aug 2023Series A$3M
  • Mar 2021Seed—
Founders & team
Tom RaleighCo-FounderChristopher RankinChief Executive Officer
Investors
RET Ventures, RWT Horizons, Great Wave Ventures
Tech stack
CloudflareCloudflare Bot ManagementCore-JsGoogle AnalyticsGoogle Tag ManagerGoogle Workspace
#5
Seed · Chicago, Illinois · founded 2022
$3.1Mraised
▾

CRM management platform for banks. It offers a platform that enables financial institutions to increase customer engagement and generate new revenue through digital channels. It enables users to digitize money management solutions.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 867 LinkedIn followers
Funding rounds
  • Jul 2025Seed$110K
  • Jun 2024Seed$3M
Founders & team
Timothy GorhamCEO
Investors
Wedbush
#6
Series D · Chicago, Illinois · founded 2001 · 380 employees
$175Mraised
▾

Provider of residential mortgage services across multiple channels. It offers mortgage origination services to retail customers, wholesale brokers, and correspondent lenders. The company facilitates various mortgage products, including purchases and refinances, aiming for a streamlined and efficient process. It emphasizes borrower-friendly terms and below-market rates.

Funding rounds
  • Oct 2021Series D$175M
Investors
StoicLane, Oaktree Capital Management, MFA Financial, Invus
Tech stack
Hubspot Cms HubHubspotTiny SliderSlickJsdelivrJquery
#7
Acquired · Schaumburg, Illinois · founded 2021 · 10 employees
$570Kraised
▾

Automated business risk monitoring. It is a B2B SaaS FinTech leveraging AI/ML & NLP to help financiers objectively analyze the future risk of all the businesses they have taken exposure to. It computes the digital risk index from the digital footprint of a business such as news and social media, and a daily early warning risk index by combining financial metrics with this digital risk index.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Funding rounds
  • May 2025Seed$570K
  • Jun 2023Seed—
Founders & team
Joe KurianCAO & Co-FounderSony GabrielCo-Founder & CEOGeetha RamaswamyCo-Founder & CTO
Investors
RevTech Labs
Tech stack
WixReactGoogle CloudPolyfillLodashLinkedin Insight Tag
#8
Deadpooled · Chicago, Illinois · founded 2019 · 4 employees
$3.5Mraised
▾

Digital bank for individuals. Its services include savings accounts, prepaid cards, bill payments, and online or offline transactions. It also provides automated budgeting, expenditure monitoring, paycheck switching, and automated credit building. The application is available on the Android and IOS platforms.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Funding rounds
  • Feb 2024Seed$3M
  • May 2022Seed$500K
  • Nov 2021Seed—
Founders & team
Justin DwyerCo-Founder/Chief Operating OfficerJay PatelChief Technology Officer/ Co-FounderBlesson AbrahamCo-Founder & CEO
Investors
Y Combinator, RevTech Labs, Damodar Valley Corporation, Goodwater Capital, Sand Hill Capital, Builders
#9
Acquired · Chicago, Illinois · founded 2015 · 47 employees
$26.7Mraised
▾

Ascent provides a cloud-based platform to track and automate regulatory compliance programs to the financial institutions. The product Ascent leverages a proprietary AI and automation technology to convert the rules and documents of a regulatory body into units of intelligence. Features include automated conversion of regulatory compliance into regulatory obligations checklists, compliance & procedure manual documentation, regulatory change tracking, and centralized management. The full platform comprises of selected compliance channels viz. CFTC, CME, CBOT, NYMEX, CBOE, ICE, GIPS, NFA, SEC, and FINRA. Pricing is based on the number of users and the selected channels. As of Jan 2018, the company is developing a lite version of the platform with limited functionalities.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 4.6% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Senior Solutions Consultant
Activity: 1 awards announced in 12 mo
Funding rounds
  • Nov 2019Series B$19.3M
  • Mar 2018Series A$6M
  • Sep 2016Seed$1.4M
Founders & team
Brian ClarkFounderChristopher JunkerChief Executive Officer and Board Memeber
Investors
Alsop Louie Partners, Temerity Capital Partners, The University of Chicago, Drive Capital, Wells Fargo Startup Accelerator, ING Ventures
#10
Seed · Chicago, Illinois · founded 2018 · 32 employees
$5.8Mraised
▾

Developer of a digital banking platform for consumers. It offers services such as checking accounts, money transfers, cash withdrawals, and prepaid cards. Its application is available for download on Android and iOS platforms.

Funding rounds
  • Sep 2022Seed$5.8M
Founders & team
Lalit JanakCo-Founder & CEO
Investors
TMV, Founder Collective, Kapor Capital, Acumen, Bread and Butter Ventures, Revolution
Tech stack
Amazon CloudfrontAmazon Web ServicesCdnjsCloudflareCloudflare Bot ManagementCore-Js
#11
Seed · Virginia, Illinois · founded 2022
$1.4Mraised
▾

Financial infrastructure API hub for banks. It offers solutions for banking as a service, embedded financing, cross-border payments, analytics, and more for banks and financial institutions.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 315 LinkedIn followers
Funding rounds
  • Dec 2023Seed$1.4M
Founders & team
Enrique HuescaFounder & CEO
Tech stack
Amazon Web ServicesApache Http ServerCore-JsFacebook PixelGoogle AnalyticsGoogle Font Api
#12
Acquired · Waukegan, Illinois · founded 2005 · 12 employees
$25Mraised
▾

Provider of retail banking services

Funding rounds
  • May 2014PE$25M
Founders & team
Scott YelvingtonPresident & CEO

Funding & investor landscape

$574.5Mtotal disclosed funding
25companies funded
51disclosed rounds
1rounds last 90 days
Most active investors
Plug and Play Tech Center4 rounds
Techstars3 rounds
Alumni Ventures2 rounds
Barclays2 rounds
Chicago Early Growth Ventures2 rounds
Citi2 rounds
Goldman Sachs2 rounds
Invus2 rounds
KDWC Ventures2 rounds
RevTech Labs2 rounds

Notable founders

Adam Hughes
CEO · Amount
Dan Schuleman
Co-Founder & CEO · Qumis
Tom Raleigh
Co-Founder · Rent Butter
Christopher Rankin
Chief Executive Officer · Rent Butter
Timothy Gorham
CEO · Strands
Joe Kurian
CAO & Co-Founder · Traice Technologies
Sony Gabriel
Co-Founder & CEO · Traice Technologies
Justin Dwyer
Co-Founder/Chief Operating Officer · Cambio
Jay Patel
Chief Technology Officer/ Co-Founder · Cambio
Brian Clark
Founder · Ascent
Christopher Junker
Chief Executive Officer and Board Memeber · Ascent
Lalit Janak
Co-Founder & CEO · Bridge
Prism market signals · United States · country-scoped Prism corpus, 3,497,573 docs

Market landscape — 10 sub-themes by coverage

Share of Banking Tech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH FROM Illinois · institutions

What Illinois researches in fintech

26 papersstance +0.2514% breakthrough38% concern
breakthrough · advancement · concern
local research themes
FinTech, Crowdfunding, Digital FinanceMicrofinance and Financial InclusionBlockchain Technology Applications and SecurityElectrical and Electromagnetic ResearchGeological Modeling and AnalysisAdvanced Technologies in Various Fields
top institutions
  • University of Illinois at Springfield7
  • Eastern Illinois University4
  • University of Illinois Urbana-Champaign4
  • Illinois Institute of Technology4
  • Western Illinois University3

Common questions

How many Banking Tech companies are there in Illinois, United States?
Radar tracks 72 indexable Banking Tech companies headquartered in Illinois, United States that meet our profile-completeness bar.
What is the total funding raised by Banking Tech companies in Illinois, United States?
The Banking Tech companies in Illinois, United States on this list have raised a combined $574.5M in disclosed equity funding across 25 funded companies.
Which is the highest-funded Banking Tech company in Illinois, United States?
Amount is the highest-funded Banking Tech company in Illinois, United States, with $252.2M in disclosed equity funding.
How many Banking Tech companies in Illinois, United States are funded?
25 of the 72 Banking Tech companies in Illinois, United States on this list have disclosed at least one equity funding round.
How many Banking Tech unicorns are there in Illinois, United States?
1 Banking Tech company in Illinois, United States on this list is valued at $1B or more.
Who are the top investors in Illinois, United States Banking Tech companies?
The most active investors in Illinois, United States Banking Tech companies on this list include Plug and Play Tech Center, Techstars, Alumni Ventures, Barclays, Chicago Early Growth Ventures.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

Coming soon