Banking Tech · Illinois, India

Best Banking Tech Companies in Illinois, United States

Updated 2026-06-23 · Ranked by funding & momentum

72 indexable Banking Tech companies headquartered in Illinois, United States, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $574.5M across 25 funded companies, including 1 unicorn.

72
Companies
$574.5M
Total Funding
25
Funded
1
Unicorns
1
Rounds (90d)

Ranked: Best Banking Tech companies in Illinois

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 CMG
Platform offering asset management solutions
$32.5M Series C Series C May 2026 110 2015 ↑ Active
2 Amount Unicorn
Omnichannel Banking solutions for banks and lenders
$252.2M $1B
as of 2021
Acquired Series D Jul 2024 626 2014 ↑ Active
3 Qumis
AI-powered insurance policy review platform
$6.8M Seed Seed Nov 2025 2022 ↑ Active
4 Rent Butter
Provider of tenant screening and verification platform for property managers
$3M Series A Series A Aug 2025 7 2018 ↑ Active
5 Strands
CRM management platform for banks
$3.1M Seed Seed Jul 2025 2022 ↑ Active
6 Interfirst Mortgage
Provider of residential mortgage services across multiple channels
$175M Series D Series D Oct 2021 380 2001
7 Traice Technologies
Automated business risk monitoring
$570K Acquired Seed May 2025 10 2021 ↑ Active
8 Cambio
Digital bank for individuals
$3.5M Deadpooled Seed Feb 2024 4 2019
9 Ascent
Cloud-based platform to track and automate financial regulatory compliance
$26.7M Acquired Series B Nov 2019 47 2015
10 Bridge
Developer of a digital banking platform for consumers
$5.8M Seed Seed Sep 2022 32 2018
11 Sendola
Financial infrastructure API hub for banks
$1.4M Seed Seed Dec 2023 2022
12 NorStates Bank
Provider of retail banking services
$25M Acquired PE May 2014 12 2005
13 Loan Ecosystem
Loan syndication platform for businesses
$7.3M Series A Series A Feb 2021 6 2014
14 Neurensic
Regulatory compliance using Artificial Intelligence
$9M Acqui-Hired Seed Mar 2017 186 2015
15 Braviant Holdings
Credit assessment solutions for individuals and businesses
$7.1M Series A Conventional Debt Jun 2018 52 2014
16 Rippleshot
Provider of AI-driven banking fraud analytics and detection platform solutions
$4.8M Series A Series A Aug 2018 10 2013
17 TransUnion
Provider of consumer credit reports, credit monitoring, scores, and identity tools
$7.5M Public Unattributed Oct 2014 834 1968
18 4Degrees
Provider of relationship intelligence and deal flow software for private markets
$2M Series A Series A 2021 15 2017
19 Liventus
AI-based management solutions for equipment financing
$461.7K Funding Raised Conventional Debt Apr 2020 59 2002
20 Prescient
Vendor and safety risk management solution
$323K Acquired Seed Aug 2013 96 2008
21 Lotic Labs
Financial risk assessment solutions provider
$100K Seed Grant (prize money) Aug 2019 4 2016
22 AkoubaCredit
Online loan origination platform for small business loans.
$120K Acqui-Hired Seed Jul 2015 11 2014
23 SpringFour
Digital financial wellness tools
$50K Acquired Seed Jun 2017 13 2005
24 Panacea Financial
Provider of an online banking platform for consumers and businesses
$40K Deadpooled Seed Jun 2017 2016
25 Thoughtly
NLP and machine learning solution
$25K Seed Angel Dec 2013 4 2012
26 Plansmith
Software suite for banks and credit unions
Funding Raised Conventional Debt Apr 2020 32 1971
27 OptionsCity
Trading risk management platform
Acqui-Hired PE Apr 2013 40 2006
28 accrew
The first member-owned banking app. Empowering members with ownership of the profits to provide the same upside as owners of major banks.
Private 3 2021
29 Ai SPARK
Provider of AI-powered credit risk analysis solutions
Funding Raised 5 2016
30 AIO Logic
Developer of AI-enabled solutions for commercial lending and structured finance
Funding Raised 2022
31 ampliFI
Software for loyalty engagement programs
Acquired 136 1988
32 BVX
Cloud-based transaction valuation & deal structuring software for businesses
Unfunded 2012
33 CertTrack
Online platform providing tools for verifying the authenticity and status of various professional certifications and credentials
Deadpooled 2014
34 ClearThrough Solutions
Cloud-based loan life cycle management solutions
Unfunded 2014
35 Context Analytcs
Big data analytics and decision support software for finance industry
Acquired 14 2012
36 CrossCheck Compliance
Provider of regulatory compliance services to financial institutions.
Funding Raised 52 2007
37 DebtPayPro
CRM for financial institutions
Unfunded 28 2009
38 Discover Bank
Online banking, credit cards, and personal loans for financial solutions
Unfunded 1985
39 Ensemblex
Provider of AI-powered credit solutions for lenders. It offers advisory services to accelerate growth and mitigate risk, product launch support for faster and more efficient market entry, and development and implementation of customized AI credit models. The firm also operates a venture studio, co-founding fintech companies with experienced entrepreneurs. Its services are tailored to the unique needs of clients, ranging from startups to established financial institutions. The firm's approach is data-driven and pragmatic, focusing on impactful solutions and strategic partnerships.
Unfunded 2019
40 Evergreen Bank Group
Comprehensive personal and business banking services with digital and treasury management solutions
Acquired 91 2007
41 Exceleras
Cloud-based solutions for mortgage servicing and real estate industries
Unfunded 2006
42 First Women's Bank
Internet-first bank through bank partnership for diversified category
Funding Raised 46 2019
43 FT Options
Provider of options trading analytics and research platform
Acquired 11 2003
44 gateless
Software for mortgage loans
Funding Raised 47 2020
45 GetCredit
Account verification solutions for banks
Deadpooled 2009
46 Goalkloud
Provider of a cloud-based sales management platform for mortgage lenders
Unfunded 2014
47 Hurdle Group
Loan pricing models for banks to optimize commercial loan profitability
Unfunded 2006
48 Innovizant
Data science & analytics based business solutions provider
Deadpooled 2016
49 Lamina
Provider of a platform streamlining loan participation from origination to servicing
Unfunded 2024
50 LoanPaymentPro
Provider of payment processing solutions for consumer lenders
Funding Raised 12 2012

Top 12 Banking Tech companies in Illinois

#1
CMG Series C
$32.5M Raised
expand_more
location_onChicago, Illinois
Founded
2015
Employees
110
Funding raised
$32.5M
Stage
Series C

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.

Funding rounds (3 disclosed of 5)
Round Date Amount
Series C May 2026 Undisclosed
Series C Mar 2025 $30M
Series B Jan 2022 Undisclosed
Series B Jun 2020 $25M
Series A Mar 2019 $7.5M
Tech stack
apple icloud mailcloudflarecloudflare bot managementcookieyescore-jsdocusign+14
#2
Amount Unicorn Acquired
$252.2M Raised
expand_more
location_onChicago, Illinois
Founded
2014
Employees
626
Funding raised
$252.2M
Valuation
$1B · 2021
Stage
Acquired

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.

Funding rounds (5 disclosed of 7)
Round Date Amount
Series D Jul 2024 $30M
Series D Apr 2022 $35.7M
Series D May 2021 $100M
Series C Dec 2020 $86M
Series B 2020 Undisclosed
Seed Jan 2020 $500K
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Founders & key people
#3
Qumis Seed
$6.8M Raised
expand_more
location_onChicago, Illinois
Founded
2022
Funding raised
$6.8M
Stage
Seed

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.

Funding rounds (2 disclosed of 2)
Round Date Amount
Seed Nov 2025 $4.3M
Seed Dec 2024 $2.5M
#4
Rent Butter Series A
$3M Raised
expand_more
location_onChicago, Illinois
Founded
2018
Employees
7
Funding raised
$3M
Stage
Series A

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.

Funding rounds (3 disclosed of 4)
Round Date Amount
Series A Aug 2025 $1.9M
Series A Dec 2024 $1000K
Series A Aug 2023 $3M
Seed Mar 2021 Undisclosed
Tech stack
cloudflarecloudflare bot managementcore-jsgoogle analyticsgoogle tag managergoogle workspace+14
#5
Strands Seed
$3.1M Raised
expand_more
location_onChicago, Illinois
Founded
2022
Funding raised
$3.1M
Stage
Seed

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.

Funding rounds (2 disclosed of 2)
Round Date Amount
Seed Jul 2025 $110K
Seed Jun 2024 $3M
Founders & key people
Investors
#6
$175M Raised
expand_more
location_onChicago, Illinois
Founded
2001
Employees
380
Funding raised
$175M
Stage
Series D

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 (1 disclosed of 1)
Round Date Amount
Series D Oct 2021 $175M
Tech stack
hubspot cms hubhubspottiny sliderslickjsdelivrjquery+9
#7
$570K Raised
expand_more
location_onSchaumburg, Illinois
Founded
2021
Employees
10
Funding raised
$570K
Stage
Acquired

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.

Funding rounds (1 disclosed of 2)
Round Date Amount
Seed May 2025 $570K
Seed Jun 2023 Undisclosed
Tech stack
wixreactgoogle cloudpolyfilllodashlinkedin insight tag+11
#8
Cambio Deadpooled
$3.5M Raised
expand_more
location_onChicago, Illinois
Founded
2019
Employees
4
Funding raised
$3.5M
Stage
Deadpooled

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.

Funding rounds (2 disclosed of 3)
Round Date Amount
Seed Feb 2024 $3M
Seed May 2022 $500K
Seed Nov 2021 Undisclosed
#9
Ascent Acquired
$26.7M Raised
expand_more
location_onChicago, Illinois
Founded
2015
Employees
47
Funding raised
$26.7M
Stage
Acquired

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 document

Funding rounds (3 disclosed of 3)
Round Date Amount
Series B Nov 2019 $19.3M
Series A Mar 2018 $6M
Seed Sep 2016 $1.4M
#10
Bridge Seed
$5.8M Raised
expand_more
location_onChicago, Illinois
Founded
2018
Employees
32
Funding raised
$5.8M
Stage
Seed

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 (1 disclosed of 1)
Round Date Amount
Seed Sep 2022 $5.8M
Tech stack
amazon cloudfrontamazon web servicescdnjscloudflarecloudflare bot managementcore-js+14
#11
Sendola Seed
$1.4M Raised
expand_more
location_onVirginia, Illinois
Founded
2022
Funding raised
$1.4M
Stage
Seed

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.

Funding rounds (1 disclosed of 1)
Round Date Amount
Seed Dec 2023 $1.4M
Tech stack
amazon web servicesapache http servercore-jsfacebook pixelgoogle analyticsgoogle font api+10
#12
NorStates Bank Acquired
$25M Raised
expand_more
location_onWaukegan, Illinois
Founded
2005
Employees
12
Funding raised
$25M
Stage
Acquired

Provider of retail banking services

Funding rounds (1 disclosed of 1)
Round Date Amount
PE May 2014 $25M

Recent signals in Illinois Banking Tech

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Funding & investor landscape

Total raised
$574.5M
across these companies
Companies funded
25
with disclosed funding
Highest-funded
$252.2M raised

Most active investors

Plug and Play Tech Center Plug and Play Tech Center 4 investments in Banking Tech Techstars Techstars 3 investments in Banking Tech Alumni Ventures Alumni Ventures 2 investments in Banking Tech Barclays Barclays 2 investments in Banking Tech Chicago Early Growth Ventures Chicago Early Growth Ventures 2 investments in Banking Tech Citi Citi 2 investments in Banking Tech Goldman Sachs Goldman Sachs 2 investments in Banking Tech Invus Invus 2 investments in Banking Tech KDWC Ventures KDWC Ventures 2 investments in Banking Tech RevTech Labs RevTech Labs 2 investments in Banking Tech Right Side Capital Management Right Side Capital Management 2 investments in Banking Tech Service Provider Capital Service Provider Capital 2 investments in Banking Tech

Notable founders in Illinois Banking Tech

Adam Hughes Adam Hughes CEO Amount · $252.2M raised
DS Dan Schuleman Co-Founder & CEO Qumis · $6.8M raised
TR Tom Raleigh Co-Founder Rent Butter · $3M raised
TG Timothy Gorham CEO Strands · $3.1M raised
Joe Kurian Joe Kurian CAO & Co-Founder Traice Technologies · $570K raised
SG Sony Gabriel Co-Founder & CEO Traice Technologies · $570K raised
GR Geetha Ramaswamy Co-Founder & CTO Traice Technologies · $570K raised
JD Justin Dwyer Co-Founder/Chief Operating Officer Cambio · $3.5M raised
JP Jay Patel Chief Technology Officer/ Co-Founder Cambio · $3.5M raised
Blesson Abraham Blesson Abraham Co-Founder & CEO Cambio · $3.5M raised
BC Brian Clark Founder Ascent · $26.7M raised
LJ Lalit Janak Co-Founder & CEO Bridge · $5.8M raised

Frequently asked 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.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-23.

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