Agora Services reportedly raises $2m in funding

Agora Services, the self-stylised FinTech enabler for banks, has reportedly netted $2m in venture funding.

The equity round was primarily backed by its founders, with support also coming from The Community Bankers of America (ICBA), according to a report from FinTech Futures.

In conjunction with the funding round, the FinTech also opened its new headquarters in Atlanta, Georgia. The decision to open an office in the city was driven by its growing FinTech payments ecosystem, it said.

Agora offers financial institutions a customisable, cloud-based offering which enables banking customers to utilise and manage accounts in real-time. Credit unions and community banks can use the technology to improve their digital experiences without having to replace their core infrastructure.

Some of its services available to banks include shared accounts, children account management, real-time transactions, card controls, personal finance management tools and money raising services.

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