Clutch Secures $65M in Series B Funding

Clutch Secures $65M in Series B Funding

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On January 23, 2025, Clutch, a FinTech company that partners with credit unions to modernize their operations by providing digital solutions that enhance loan origination and deposit account onboarding, announced the successful completion of its $65 million Series B funding round. The round was led by Alkeon Capital Management with participation from Andreessen Horowitz, TruStage Ventures and Peterson Partners. The new capital will support Clutch's ambitious growth plans and product innovation, including investments in AI and expanded platform capabilities to help credit unions compete more effectively for today's digital-first consumers.

The WilmerHale team advising Clutch consisted of Glenn Luinenburg, Scott Scharf and Ben Goldfein.

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