Q2ebanking, an Austin, Texas-based provider of secure electronic banking solutions for banks and credit unions throughout the U.S., closed $20m in its Series C financing.
The company intends to use the capital to expand sales and marketing efforts, as well as invest in continued platform innovation. New research and development efforts will focus on a unified user experience, mobility solutions, additional commercial features and further enhancing Q2ebanking’s security offering.
Led by Matt Flake, CEO and president, Q2 is a technology company that provides a comprehensive electronic banking platform that enables financial institutions and their customers to communicate and transact – anytime, anywhere. Its ebanking platform provides flexible deployment options for online banking, mobile and tablet banking, voice banking as well as a security application to mitigate fraud risk for community focused financial institutions.
The company provides ebanking technology for approximately 400 financial institutions, reaching over 3 million online users.