About ClickSWITCH
ClickSWITCH is a company based in Eagan (United States) founded in 2013 by Cale Johnston was acquired by Q2 Software in April 2021.. ClickSWITCH has raised $18.5 million across 3 funding rounds from investors including Q2, USAA Corporate Development and Point72 Ventures. The company has 55 employees as of December 31, 2022. ClickSWITCH offers products and services including Digital Banking, Digital Onboarding, Risk & Fraud Management, and Relationship Pricing. ClickSWITCH operates in a competitive market with competitors including Zafin, PureFacts, Shift Technology, Glia and Eltropy, among others.
- Headquarter Eagan, United States
- Employees 55 as on 31 Dec, 2022
- Founders Cale Johnston
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Clickswitch, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.5 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Series B
Sep 16, 2020
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Investors
Q2
& 6 more
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Employee Count
55
as on Dec 31, 2022
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Acquired by
Q2 Software
(Apr 01, 2021)
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Products & Services of ClickSWITCH
ClickSWITCH offers a comprehensive portfolio of products and services, including Digital Banking, Digital Onboarding, Risk & Fraud Management, and Relationship Pricing. 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 and consumer banking services.
Tools for streamlined account opening and user onboarding.
Automates fraud detection and risk monitoring for transactions.
Optimizes deals and profitability for banking relationships.
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Software Development Team
157 people
Senior Team
145 people
Sales and Marketing
73 people
Leadership Team
60 people
Data Analysis and Operations Team
33 people
Product Management Team
15 people
Sr. Team
14 people
Implementation Team
14 people
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Funding Insights of ClickSWITCH
ClickSWITCH has successfully raised a total of $18.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in September 2020. 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 3
- Last Round Series B — $2.0M
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First Round
First Round
(08 Aug 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series B - ClickSWITCH | Valuation | USAA |
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| May, 2019 | Amount | Series B - ClickSWITCH | Valuation | Point72 Ventures , Commerce Ventures |
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| Aug, 2018 | Amount | Series A - ClickSWITCH | Valuation | Commerce Ventures |
| 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 ClickSWITCH
ClickSWITCH has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Q2, USAA Corporate Development and Point72 Ventures. 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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Early-stage investments are directed toward fintech, insurtech, and AI startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Founded Year | Domain | Location | |
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Investment in retail and financial services technologies.
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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 ClickSWITCH
| 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 |
Financial Statements - ClickSWITCH
| 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 |
Clickswitch Comparisons
Competitors of ClickSWITCH
ClickSWITCH 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 Zafin, PureFacts, Shift Technology, Glia and Eltropy, 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 |
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| domain | founded_year | HQ Location |
Software solutions for relationship banking in financial services are delivered.
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| domain | founded_year | HQ Location |
CRM solutions for wealth managers
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| domain | founded_year | HQ Location |
Provider of AI solutions for insurance underwriting, claims, and risk
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| domain | founded_year | HQ Location |
Cloud-based omnichannel platform is provided for financial customer service.
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| domain | founded_year | HQ Location |
Reputation management software is provided for solar industry sales.
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| domain | founded_year | HQ Location |
Customer engagement solutions are provided to banks and related sectors.
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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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Latest news on Clickswitch
Frequently Asked Questions about ClickSWITCH
When was ClickSWITCH founded?
ClickSWITCH was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is ClickSWITCH located?
ClickSWITCH is headquartered in Eagan, United States. It is registered at Eagan, Minnesota, United States.
Who is the current CEO of ClickSWITCH?
Cale Johnston is the current CEO of ClickSWITCH. They have also founded this company.
Is ClickSWITCH a funded company?
ClickSWITCH is a funded company, having raised a total of $18.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.5M, raised on Aug 08, 2018.
How many employees does ClickSWITCH have?
As of Dec 31, 2022, the latest employee count at ClickSWITCH is 55.
What does ClickSWITCH do?
ClickSWITCH was founded in 2013 in Eagan, United States, and operates in the financial technology sector. An account switching solution is provided to financial institutions, allowing users to transfer recurring payments, direct deposits, and electronic payments from old bank accounts to new or existing ones. The platform supports seamless switches across various financial entities without direct user intervention in payment systems.
Who are the top competitors of ClickSWITCH?
ClickSWITCH's top competitors include Glia, Shift Technology and PureFacts.
What products or services does ClickSWITCH offer?
ClickSWITCH offers Digital Banking, Digital Onboarding, Risk & Fraud Management, and Relationship Pricing.
Who are ClickSWITCH's investors?
ClickSWITCH has 7 investors. Key investors include Q2, USAA Corporate Development, Point72 Ventures, Commerce Ventures, and Betsy Cohen.