Tuesday, July 30, 2019

Kony Connects With $37M In Debt Funding

Austin-based Kony, which develops digital banking software, has raised $37M in a debt funding round, the company said on Tuesday. The funding included $10M in new financing, and came from BMO's Technology and Innovation Banking group. According to Kony, the funding will go towards continued growth of its products. Thomas E. Hogan is Chairman and CEO of Kony. Kony's software are sold to banks and credit unions.