12 Best Small Cap Tech Stocks to Buy According to Hedge Funds 

8. Alkami Technology, Inc. (NASDAQ:ALKT)

Number of Hedge Fund Holders: 25

Alkami Technology, Inc. (NASDAQ:ALKT) is one of the best small cap tech stocks to buy according to hedge funds. Alkami Technology, Inc. (NASDAQ:ALKT) announced on May 19 a new partnership between MANTL and FVSBank through which MANTL will help FVSBank in modernizing its deposit account opening process. MANTL is an Alkami solution team and a provider of loan and deposit account opening technology, while FVSBank is a mutual bank headquartered in Fond du Lac, Wisconsin. The partnership will help improve customer and employee experiences, accelerate deposit growth, and streamline operations across the institution.

Alkami Technology, Inc. (NASDAQ:ALKT) further reported that through MANTL, FVSBank will be able to automate over 85% of application decisions, which include Anti-Money Laundering, Know Your Customer, and Bank Secrecy Act, along with product setup, funding, and core booking. This would help elevate operational efficiency and reduce manual intervention.

In a separate development, Alkami Technology, Inc. (NASDAQ:ALKT) announced a partnership between MANTL and Sturgis Bank, a community bank serving Michigan, through which Sturgis Bank will modernize onboarding across all physical and digital banking channels.

Alkami Technology, Inc. (NASDAQ:ALKT) provides digital banking software solutions to banks, credit unions, credit union service organizations, and service bureaus.

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