About Andera
Andera is a Financial Services company based in Providence (United States) founded in 2000, and was acquired by Bottomline Technologies in May 2014. Multi-channel platforms for account opening and loan applications are provided. Andera has raised $350 thousand across 1 funding round from investors including Bottomline Technologies and Slater Technology Fund. Andera has completed 1 acquisition, including OFlows. Andera offers products and services including Digital Banking, Paymode, and AP Automation. Its focus areas include FinTech, Banking Tech, Banking Channels and Omnichannel. Its legal entity is Andera Inc. Its competitors include Amount, MANTL and Tyfone; 3 of its 3 listed competitors have raised funding.
Company details
Andera offers a multi-channel account opening and loan application platform that leverages mobile technology to simplify the process - online, in branches, over the phone, and out in the community. The solution caters to end users, i.e. the banks customers as well as their employees. Employees can take pictures of supporting documents without ever leaving the application. They also provide a mobile branch, oFlows that makes it easy to grow market share by going where potential applicants are - on college campuses, at employer group workplaces, and out in the wider community.
- Headquarters Providence, United States
- Stage Acquired
- SectorsFinancial Services
- Website andera.com
- Social LinkedIn X
- Acquired by Bottomline Technologies (May 2014)
- Legal Name Andera Inc
- Total Equity Funding$350K (USD)
in 1 rounds
- Latest Funding Round$350K (USD), Seed
May 2008
- InvestorsBottomline Technologies
& 1 more
- Investments & Acquisitions
- Acquired byBottomline Technologies
(May 2014)
Products & Services of Andera
Andera offers a comprehensive portfolio of products and services, including Digital Banking, Paymode, and AP Automation.
Platform for managing commercial banking and payments securely
Secure network for B2B digital payments and vendor management
System to automate invoice-to-payment processes efficiently
Funding Insights of Andera
Andera has successfully raised a total of $350K through 1 strategic funding round. The most recent funding activity was a Seed round of $350 thousand completed in May 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $350,000
- Total Rounds 1
- Last Round Seed — $350,000
- First Round $350,000
(May 2008)
- Investors Count 1
All 1 funding rounds of Andera with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2008 | $350,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Andera
Andera has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Bottomline Technologies and Slater Technology Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC investments are directed toward US and UK companies. | slaterfund.com | Providence, United States | ||
Cloud-based treasury management and fraud prevention solutions are provided. | 1989 | bottomline.com | Portsmouth, United States |
Investor details for Andera
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Investments & Acquisitions by Andera
Andera has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OFlows.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online account opening and loan application platform | oflows.com | San Francisco, United States | 2009 | Oct 2011 | •••• |
Complete acquisition details for Andera
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Timeline of Andera
4 dated milestones of Andera across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Andera is founded.
- Funding First funding round of $350K.
- Acquisition Acquires OFlows.
- Exit Acquired by Bottomline Technologies.
Competitors of Andera
Andera has 3 listed competitors in our database, 3 of them funded. They include Amount, MANTL and Tyfone.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| amount.com | 2014 | Chicago, United States | $252.2M | 626 | Omnichannel banking solutions are provided for banks and lenders. | |
| mantl.com | 2016 | New York, United States | $67M | MANTL is recognized for providing account origination software to banks and credit unions. | ||
| tyfone.com | 2004 | Portland, United States | $38.31M | 12 | Omni-channel banking solutions are provided for mobile financial services. |
Detailed competitors of Andera
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- Full competitor set
- Operating metrics
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Web traffic of Andera
The website of Andera (andera.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 7.7% vs previous month
Websites whose visitors overlap most with Andera. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pnc.com | 100% | 25.9M | #1,327 | View details | |
| bankofthewest.com | 99% | 36.5K | #921,144 | View details | |
| wellsfargo.com | 83% | 104.9M | #241 | View details | |
| ally.com | 78% | 14.8M | #3,147 | View details | |
| tcfbank.com | 76% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Andera
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- 18 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Andera (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Andera
Complete news archive for Andera
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Frequently Asked Questions about Andera
Andera was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Andera is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
Andera is a funded company, having raised a total of $350K across 1 funding round to date. The company's 1st funding round was a Seed of $350K, raised on May 2008.
Andera offers a multi-channel account opening and loan application platform that leverages mobile technology to simplify the process - online, in branches, over the phone, and out in the community. The solution caters to end users, i.e. the banks customers as well as their employees. Employees can take pictures of supporting documents without ever leaving the application. They also provide a mobile branch, oFlows that makes it easy to grow market share by going where potential applicants are - on college campuses, at employer group workplaces, and out in the wider community.
Andera offers Digital Banking, Paymode, and AP Automation.
Andera has made 1 acquisition, including OFlows.
Andera has 2 investors. Key investors include Bottomline Technologies, and Slater Technology Fund.
Andera operates through Andera Inc.
Yes. Andera was acquired by Bottomline Technologies in May 2014.