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ClickSWITCH

clickswitch.com

Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$18.5M

Valuation

$0000 

About ClickSWITCH

ClickSWITCH is an automated account holder acquisition technology for financial institutions and neobanks that simplifies the process of bringing new depositors onboard by quickly, safely and efficiently switching their direct deposits and recurring payments from their old accounts to new ones. On April 1st, 2021, ClickSWITCH was acquired by Q2. The terms of the transaction were not disclosed.

Headquarters Location

701 Washington Avenue North #300

Minneapolis, Minnesota, 55401,

United States

612-424-5350

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Expert Collections containing ClickSWITCH

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ClickSWITCH is included in 2 Expert Collections, including Banking.

B

Banking

811 items

F

Fintech

7,751 items

US-based companies

ClickSWITCH Patents

ClickSWITCH has filed 4 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/15/2017

6/2/2020

Payment systems, Banking technology, Electronic funds transfer, Banking, Mobile payments

Grant

Application Date

9/15/2017

Grant Date

6/2/2020

Title

Related Topics

Payment systems, Banking technology, Electronic funds transfer, Banking, Mobile payments

Status

Grant

Latest ClickSWITCH News

Q2 Helps Axos Bank to Increase Direct Deposit Volume by 30 Percent for Q2 ClickSWITCH Accounts

Jun 21, 2022

Axos Bank boosts customer engagement and profitability with Q2 ClickSWITCH by enabling account holders to switch direct deposits and automatic payments quickly and securely June 21, 2022 08:30 AM Eastern Daylight Time AUSTIN, Texas--( BUSINESS WIRE )-- Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, today announced San Diego-based Axos Bank (“Axos”), a technology-driven financial services company, has partnered with Q2 to increase direct deposit volume and boost customer engagement. By harnessing Q2 ClickSWITCH, Axos has increased direct deposits by 30 percent for Q2 ClickSWITCH-associated accounts and generated deeper customer relationships by establishing itself as the primary bank for its customers. Q2 ClickSWITCH , a patented digital account switching software-as-a-service (SaaS) solution, enables financial institutions (FIs) to speed up and simplify new account onboarding by allowing customers to quickly, securely and effortlessly switch their existing direct deposits and automatic payments. Axos Bank Vice President of Consumer Product Management Mike Copans said, "By partnering with Q2 and deploying ClickSWITCH, our customers now have a simple way to instantly re-route their existing direct deposits over to their Axos accounts. Customers love it because it eliminates the headaches, paperwork and delays. We love it because it improves our bottom line and lets us leverage innovation to declutter the customer experience. The benefits are noticeable, and they continue to grow.” “We are pleased to partner with Axos Bank, one of the nation’s oldest and most trusted digital banks, to transform their accountholder onboarding experience,” said Dallas Wells, SVP of Product Management, Q2. “Today’s announcement illustrates yet another way that Q2 helps banks and credit unions innovate faster, with freedom and flexibility. When we acquired ClickSWITCH, it was an investment in our mission of building strong and diverse communities by strengthening financial institutions. Deposits are the lifeblood of any financial institution, and we are glad that Q2 ClickSWITCH is delivering results, day after day, for Axos and its accountholders.” By using Q2 ClickSWITCH, Axos Bank was able to achieve the following: More deposits – with a 30 percent boost in overall deposit volume for Q2 ClickSWITCH-associated accounts. Recurring deposits – with 70 percent of transactions continuing to be received in regular, ongoing Axos deposits. Exceptional user experience – with 80 percent of customers who view the ClickSWITCH feature on the Axos online banking platform engaging with it. Of those who engage, 80 percent complete a request to reroute direct deposits to their Axos accounts. Long-term benefits – with more customers choosing Axos as their primary financial relationship, the bank is able to achieve higher average balances, offer more financial products, and enhance their customer relationships. Customer satisfaction – helped customers save time and resources by transforming a fragmented and tedious workflow, which included manual paperwork and outreach to individual payroll providers or payors, to an automated process requiring just a few clicks. Learn More

ClickSWITCH Frequently Asked Questions (FAQ)

  • When was ClickSWITCH founded?

    ClickSWITCH was founded in 2014.

  • Where is ClickSWITCH's headquarters?

    ClickSWITCH's headquarters is located at 701 Washington Avenue North, Minneapolis.

  • What is ClickSWITCH's latest funding round?

    ClickSWITCH's latest funding round is Acquired.

  • How much did ClickSWITCH raise?

    ClickSWITCH raised a total of $18.5M.

  • Who are the investors of ClickSWITCH?

    Investors of ClickSWITCH include Q2, Commerce Ventures, Point72 Ventures, META Group, USAA Ventures and 6 more.

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