Allison Lands Major Investment, Sparks Exciting Growth Plans

2 min readJun 1, 2023


Allison Fintech Co receives investment from Alabama Futures Fund

Hello, everyone -

I am thrilled to share some exciting news about the journey of Allison. As many of you know, Allison is helping Community Banks integrate fintech products into their traditional payment and banking services. Our journey has been exciting and fulfilling, but today we are gearing up for a new chapter of growth and innovation.

I’m delighted to announce that we have recently secured significant investment from the Alabama Futures Fund (AFF). This vote of confidence in our vision and services is not just a financial boost — it is a validation of our mission to revolutionize the banking sector, making it more efficient, accessible, and customer-friendly.

This investment also signifies a key strategic move for Allison. We will be relocating our headquarters to Birmingham, Alabama. We’ve chosen Birmingham for its vibrant tech scene and business-friendly climate — a perfect place to drive our vision forward. However, our roots remain important to us, so we’ll continue to have a strong presence in Tampa, Florida, and we’re also establishing a new office in Austin, Texas.

For our community banks and credit union partners, our cutting-edge software has already been making a difference by increasing deposits and cutting administrative costs. With our latest plans, we’re set to deepen our impact in this space.

In my words, “We are poised to deepen our foothold in the U.S. with the opening of our new headquarters in Birmingham… Our expansion reflects not only our company’s robust growth but also our unwavering commitment to our clients.”

However, I believe that the full story is best told in detail. That’s why I encourage you to read our official press release to understand all the exciting developments and what they mean for Allison’s future. We’re incredibly grateful for the ongoing support from all our stakeholders, including AFF and Techstars.

I am immensely proud of the Allison team and what we have achieved so far. Yet, I believe this is just the beginning of our exciting journey, and I can’t wait to see what the future holds for us.

Stay tuned.


Brian Alvarez-Bailey, CEO


Allison Fintech Co is also a member of the Tampa-based Soaring City Innovation Partnership & Embarc Collective.




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