Teslar Software by 3E, a Springdale, Ark.-based provider of automated workflow and portfolio management tools for community financial institutions, raised $2m in seed funding.
Independent Community Bankers of America (ICBA) made the investment, which brought total funding to the above amount.
The company intends to use the funds to add staff to support growth and continue advancing the technology.
The investment follows Teslar’s participation in ICBA’s ThinkTECH Accelerator in Little Rock, Ark..
Led by Joe Ehrhardt, CEO and Founder, Teslar provides a platform built on configurable technology aimed at streamlining processes and improving operations with data. The platform integrates siloed systems, centralizes information and boosts efficiencies to help community banks optimize work processes and improve customer interactions.