Amount Raising New Round, Potential IPO in 2021

We were already aware of Avant’s spinoff called Amount which provides various technology solutions to banks; Amount is now raising $50 million, expecting to close the round by the end of March; Adam Hughes, CEO of Amount said it is more likely that Amount will go public as opposed to Avant, which may happen as early as next year; it was also announced that Al Goldstein, Avant’s co-founder will now serve as executive chairman of both Amount and Avant; James Paris is the new CEO of Avant. Chicago Business

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