Glide, a New York-based fintech company working to equip financial institutions with modern operating software, recently announced a $15 million round of Series A funding. Spearheaded by Acrew Capital, the raise will help Glide further its goal of replacing fragmented legacy technology stacks in community banks and credit unions.
“We’re building the infrastructure that helps local financial institutions stay competitive in today’s marketplace,” Gautam Ajjarapu, Glide’s co-founder and CEO, said in a statement. “Our mission is to arm traditional institutions with the modern tools they need to deliver fintech-grade experiences without losing what makes them special.”
Deposit Origination, the company’s flagship offering, expedites account opening time and improves onboarding conversion. Glide’s configurable solution supports all account types, including personal, business, trust and minor members, and it integrates into a financial institution’s existing systems, such as Truv, KnotAPI, Middesk and Finix.
Glide’s Series A capital will allow the company to accelerate its product roadmap, expand its AI capabilities and grow its team across several departments. The company is actively hiring across its engineering, product and go-to-market functions.
