Alkami amends CO-OP reseller agreement: reduced fees, extended term to Dec 2026

ALKAMI TECHNOLOGY, INC.

Sixth Amendment reduces per-transaction bill payment fees and moves from tiered to flat-rate pricing effective Jan 1, 2023.
Minimum annual commitments set for 2023-2026 (amounts redacted); term extended from June 2025 to Dec 31, 2026.
One-time license payment (redacted) for CO-OP Bill Pay platform; not a prepayment of ongoing fees.
Amendment is with CO-OP, whose CEO Todd Clark is also an Alkami board member (related-party transaction).
FIS Fusion Bill Pay integration into Alkami platform required within 6 months of general availability and 5 production clients.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALKAMI TECHNOLOGY, INC. amended Sixth Amendment with CU Cooperative Systems, Inc. d/b/a CO-OP Solutions (effective 2022-12-30).

Action: amendment
Agreement: supply
Counterparty: CU Cooperative Systems, Inc. d/b/a CO-OP Solutions
Effective: 2022-12-30

Exact text from the filing

Effective December 30, 2022, Alkami Technology, Inc. (the “Company) entered into a Sixth Amendment (the “Sixth Amendment”) to the Bill Pay Service Reseller Agreement (“Reseller Agreement”) with CU Cooperative Systems, Inc. d/b/a CO-OP Solutions, a California cooperative corporation (“CO-OP”).

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Source: SEC EDGAR

accession 0001529274-23-000002

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