# ClickSwitch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clickswitch

- Industry: Software
- Headquarters: Minneapolis, US
- Website: www.clickswitch.com
- Total disclosed funding: $19M
- Latest round: Series B (Sep 30, 2020)
- Investors on record: 3

## About

ClickSwitch, LLC offers a seamless digital account switching solution for consumers and businesses, simplifying the process of transferring bank accounts and automating recurring payments with efficiency.ClickSwitch, LLC specializes in account switching solutions that facilitate the transition of banking services for customers. Founded in 2014 in Minneapolis, US, ClickSwitch was acquired by Q2 Software, Inc. in April 2021 for USD 65 mn. The company has successfully completed 6 deals to date. Caroline Glück-Bustonera serves as the CEO, overseeing operations that focus on enhancing customer experiences in the banking sector. The acquisition is designed to bolster Q2's service portfolio, integrating ClickSwitch's capabilities into their digital banking platform.ClickSwitch, LLC provides a digital account switching solution that allows users to easily transfer their bank accounts and transition their recurring payments to new accounts. The service is targeted primarily at community financial institutions, enhancing their offerings to compete with larger banking entities by streamlining the account setup and management processes for both consumers and small businesses.ClickSwitch, LLC generates revenue through its subscription-based model that charges community financial institutions for the use of its account switching services. Clients typically incur fees based on the volume of account transitions facilitated through the platform, creating a stable revenue stream as institutions seek to enhance customer onboarding and retention.Following its acquisition by Q2 Software, Inc. in April 2021, ClickSwitch intends to expand its service offerings and market reach. The integration into Q2's digital banking platform will allow for the development of new features aimed at improving customer onboarding and satisfaction. The funding from the acquisition will support ClickSwitch's initiatives to enhance its technology and expand into additional North American markets, with specific focus on Europe and Asia-Pacific over the next few years.

## Funding rounds

- Series B, Sep 30, 2020, $2M — USAA Ventures
- Series B, May 14, 2019, $13M — Commerce Ventures, Point72 Asset Management
- Series A, Jul 27, 2018, $3.5M — Commerce Ventures

## Investors

- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A, Series B
- Point72 Asset Management — Series B
- USAA Ventures (https://capitalatlas.ai/funds/usaa-ventures) — Series B