Alloy (identity risk company)

Alloy was founded in 2015 by Tommy Nicholas, Laura SpiekermanLaura SpiekermanLaura Spiekerman is co-founder and president of Alloy, a U.S. fintech company that provides identity risk and fraud management for banks and fintech companies.Open the full entry and Charles Hearn, primarily to fix an online bank account onboarding process in which many applications required manual review.⁠[1][2]

On September 30, 2021, Alloy announced a $100 million Series C led by Justin Overdorff, a partner at Lightspeed Venture PartnersLightspeed Venture PartnersLightspeed Venture Partners backs companies from seed through late-stage financing. Its website distinguishes Lightspeed Management Company (LSVP) from Lightspeed India Partners (LSIP): the two are separately operated investment advisers, with the U.S., European, and Israeli offices belonging to LSVP and the India and Southeast Asia offices belonging to LSIP.Open the full entry, with existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures and Felicis VenturesFelicisFelicis (whose funds and earlier brand use the name Felicis Ventures) is a venture capital firm based in Menlo Park, California, founded in 2006 by former Google product manager Aydin Senkut; it has invested in companies including Shopify, Canva and Adyen.Open the full entry participating; the round valued the company at $1.35 billion and brought total funding above $150 million.⁠[3]

Just over a year earlier Alloy had raised a $40 million Series B; Overdorff had first invested as an angel in Alloy’s Series A in 2019.⁠[1]

The company said it had more than 200 clients, including Ally Bank, HMBradley, Gemini and Ramp; that revenue had more than tripled and headcount had grown 140% in less than a year; and that its platform connected to more than 85 data sources, with transaction monitoring added over the previous year.⁠[3]

CEO Tommy Nicholas said: “We want to make building a fintech product as easy as building an ecommerce product”.⁠[3]

In January 2026 Alloy launched perpetual KYB (pKYB) in the UK and Europe, re-running business checks when ownership or registry changes occur.⁠[4]

On July 15, 2026, Alloy said that more than 900 financial institutions and fintechs used its identity and fraud prevention platform; in the first half of the year it moved agentic AI into production and launched AI Assistant, an agentic tool embedded in its risk and identity infrastructure that automates investigation and compliance work.⁠[4]

In the same period Alloy expanded its network of more than 270 data solutions through a partnership with Certos by Early Warning Services and an expanded partnership with PlaidPlaidPlaid is a financial technology company co-founded by Zach Perret and William Hockey and headquartered in San Francisco. It provides infrastructure connecting financial accounts with applications, with products spanning account verification, payments, lending and fraud prevention, and develops AI models for financial transactions. A planned acquisition by Visa was terminated in 2021.Open the full entry, and Modulr selected Alloy to orchestrate KYC and KYB for its international customers.⁠[4]

Alloy provides identity risk management for financial institutions and fintech companies and is headquartered in New York.⁠[2]

Its leadership team includes CEO Tommy Nicholas, President Laura Spiekerman, CTO Charles Hearn, Chief People Officer Kim Nguyen, Chief Operating Officer and Chief Product Officer Parilee Wang, and Chief Marketing Officer Kathryn Cook.⁠[2]

Alloy: Official website: https://www.alloy.com/ (opens in a new window).⁠[2]

X: Public account: https://x.com/usealloy (opens in a new window).⁠[2]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/alloy-apis (opens in a new window).⁠[2]