About Andera
Andera is a company based in Providence (United States) founded in 2000 was acquired by Bottomline Technologies in May 2014.. 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. Andera operates in a competitive market with competitors including Amount, MANTL, Tyfone, Technisys and Bankingly, among others.
- Headquarter Providence, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Andera Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$350 K (USD)
in 1 rounds
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Latest Funding Round
$350 K (USD), Seed
May 01, 2008
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Investors
Bottomline Technologies
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Bottomline Technologies
(May 09, 2014)
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Products & Services of Andera
Andera offers a comprehensive portfolio of products and services, including Digital Banking, Paymode, and AP Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $350,000
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First Round
First Round
(01 May 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2008 | Amount | Seed - Andera | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC investments are directed toward US and UK companies.
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Founded Year | Domain | Location | |
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Cloud-based treasury management and fraud prevention solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Andera
Andera has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OFlows. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online account opening and loan application platform
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Andera
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Andera Comparisons
Competitors of Andera
Andera operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Amount, MANTL, Tyfone, Technisys and Bankingly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for banks and lenders.
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| domain | founded_year | HQ Location |
MANTL is recognized for providing account origination software to banks and credit unions.
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| domain | founded_year | HQ Location |
Omni-channel banking solutions are provided for mobile financial services.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel banking platforms are delivered to financial institutions.
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| domain | founded_year | HQ Location |
Cloud-based omnichannel banking solutions are provided to financial institutions.
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| domain | founded_year | HQ Location |
Omnichannel banking solutions are provided for banks and credit unions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Andera
When was Andera founded?
Andera was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is Andera located?
Andera is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
Is Andera a funded company?
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 01, 2008.
What does Andera do?
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.
What products or services does Andera offer?
Andera offers Digital Banking, Paymode, and AP Automation.
How many acquisitions has Andera made?
Andera has made 1 acquisition, including OFlows.
Who are Andera's investors?
Andera has 2 investors. Key investors include Bottomline Technologies, and Slater Technology Fund.
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