Ascent Platform Secures $5.3M in Funding
March 20, 2024, 9:35 am
Ascent Platform, a leader in financial portability solutions for banks and credit unions, has successfully raised $5.3 million in venture funding. The round was led by Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors. Ascent's data platform merges open banking sources with systems-of-record data to provide a comprehensive view of customers and improve banking experiences. The company plans to use the funds to expand operations and enhance its offerings, including add-on modules for loan origination and servicing systems. CEO Arjun Sahgal expressed gratitude for the support and strategic guidance from investors as Ascent continues to grow its network of clients and partners dedicated to empowering community banks and credit unions.