TUSCALOOSA, AL — June 16, 2025 — West Alabama Fintech Group announced today it has closed a $3 million seed funding round led by Birmingham-based Southeastern Venture Capital Partners, with participation from several regional angel investors and the Alabama Innovation Fund. The company plans to deploy the capital toward expanding its core platform, which provides community banks and credit unions across the Gulf South region with modern payment processing infrastructure, digital lending tools and automated compliance solutions. West Alabama Fintech Group currently serves more than 40 financial institutions across Alabama, Mississippi and Tennessee. "This funding validates what we have believed from day one — that community financial institutions in underserved markets deserve the same caliber of technology as their larger competitors," said Marcus J. Holloway, co-founder and chief executive officer of West Alabama Fintech Group. "We are building the infrastructure that keeps local banking competitive." The company also announced plans to hire 25 additional engineers, sales and compliance professionals over the next 18 months, with the majority of roles based at its Tuscaloosa headquarters. West Alabama Fintech Group projects the expansion will increase its client base to more than 120 institutions by the end of 2026. The raise comes amid growing demand for fintech solutions tailored specifically to mid-sized and community lenders, a segment that analysts estimate represents more than 4,500 institutions nationwide. **About West Alabama Fintech Group** West Alabama Fintech Group is a Tuscaloosa-based financial technology company providing payment processing, digital lending and compliance solutions to community banks and credit unions across the southeastern United States. Founded in 2021, the company is committed to strengthening local financial ecosystems through accessible, enterprise-grade technology. Learn more at westalabamafintech.com. ---