{"id":1488,"date":"2023-03-10T10:22:54","date_gmt":"2023-03-10T10:22:54","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=1488"},"modified":"2023-03-10T10:22:56","modified_gmt":"2023-03-10T10:22:56","slug":"fintech-startup-archway-raises-15-million-in-a-series-a-funding-round-led-by-wafd-bank-and-madrona-venture-partners","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/fintech-startup-archway-raises-15-million-in-a-series-a-funding-round-led-by-wafd-bank-and-madrona-venture-partners\/","title":{"rendered":"Fintech Startup Archway Raises $15 million in A Series A Funding Round Led By WaFd Bank And Madrona Venture Partners."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-60.png\" alt=\"\" class=\"wp-image-1489\" width=\"116\" height=\"127\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.archwaysoftware.com\/\">Archway<\/a>, a US-based fintech company that provides a single access point for connecting any banking platform to third-party financial software providers, has received $15 million in funding from <a href=\"https:\/\/www.wafdbank.com\/\">WaFd Bank<\/a> and <a href=\"https:\/\/www.madrona.com\/\">Madrona Venture Partners<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-61.png\" alt=\"\" class=\"wp-image-1490\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-61.png 800w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-61-300x300.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-61-150x150.png 150w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-61-768x768.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>The funds will be used to expand operations and develop the next generation of the company&#8217;s platform, which allows banks to modernize and personalize digital customer interactions. Banks can use Archway&#8217;s platform to integrate their basic banking services into web, mobile, voice, and AI technologies. With a single API access point, Archway facilitates the integration of a bank&#8217;s internal core technology stack to customer-facing applications.<br>\u201cA consumer fintech revolution has changed the way banks operate, said <a href=\"https:\/\/www.linkedin.com\/in\/dustinhubbard\/\">Dustin Hubbard<\/a>, president of Archway. However, the technology is costly to develop and difficult to integrate. Regulatory requirements heavily encroach on banking infrastructure, and many banks have systems that were designed for running the business, not for customer service.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-62.png\" alt=\"\" class=\"wp-image-1491\" width=\"709\" height=\"484\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-62.png 500w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-62-300x205.png 300w\" sizes=\"(max-width: 709px) 100vw, 709px\" \/><\/figure>\n\n\n\n<p>&#8220;By using a cloud-native approach, we abstract the complexity for banks, allowing them to easily integrate the technologies that their customers want.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Archway, a US-based fintech company that provides a single access point for connecting any banking platform to third-party financial software providers, has received $15 million in funding from WaFd Bank and Madrona Venture Partners. The funds will be used to expand operations and develop the next generation of the company&#8217;s platform, which allows banks to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fintech Startup Archway Raises $15 million in A Series A Funding Round Led By WaFd Bank And Madrona Venture Partners. - Founder Lodge Latest News Fintech Startup Archway Raises $15 million in A Series A Funding Round Led By WaFd Bank And Madrona Venture Partners.<\/title>\n<meta name=\"description\" content=\"Archway, a US-based fintech company that provides a single access point for connecting any banking platform to third-party financial software providers, Archway, a US-based fintech company that provides a single access point for connecting any banking platform to third-party financial software providers, has received $15 million in funding from WaFd Bank and Madrona Venture Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/founderlodge.com\/latest-news\/fintech-startup-archway-raises-15-million-in-a-series-a-funding-round-led-by-wafd-bank-and-madrona-venture-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fintech Startup Archway Raises $15 million in A Series A Funding Round Led By WaFd Bank And Madrona Venture Partners. - 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