About Q2
Q2 is a company based in Austin (United States) founded in 2005. It operates as a SaaS (Software-as-a-Service), and FinTech. Q2 has raised $51 million across 6 funding rounds from investors including Battery Ventures and Adams Street Partners. The company has 2,480 employees as of December 31, 2024. Q2 has completed 3 acquisitions, including ClickSWITCH, Gro Solutions and Sensibill. Q2 offers products and services including Digital Banking, Digital Onboarding, Risk & Fraud Management, and Embedded Finance. Q2 operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
- Headquarter Austin, United States
- Employees 2480 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Q2 Holdings, Inc.
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Annual Revenue
$696.46 M11.5as on Dec 31, 2024
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Net Profit
$-38.54 M41.06as on Dec 31, 2024
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EBITDA
$48.17 M379.39as on Dec 31, 2024
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Total Equity Funding
$51 M (USD)
in 6 rounds
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Latest Funding Round
$350 M (USD), Post-IPO
Nov 12, 2020
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Investors
Battery Ventures
& 1 more
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Employee Count
2480
as on Dec 31, 2024
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Investments & Acquisitions
ClickSWITCH
& 2 more
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IPO & Listings of Q2
Q2 is a publicly listed company on the NYSE with ticker symbol QTWO in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Q2
Q2 offers a comprehensive portfolio of products and services, including Digital Banking, Digital Onboarding, Risk & Fraud Management, and Embedded Finance. 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.
A platform for consumer and commercial banking solutions.
Comprehensive onboarding for new and existing account holders.
Automated tools to manage risk and prevent fraud.
Scalable banking products embedded in partner platforms.
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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 Q2
Q2 has successfully raised a total of $51M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $350 million completed in November 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 6
- Last Round Post-IPO — $350.0M
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First Round
First Round
(13 Jan 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Post-IPO - Q2 | Valuation |
investors |
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| Feb, 2018 | Amount | Post-IPO - Q2 | Valuation |
investors |
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| Feb, 2015 | Amount | Post-IPO - Q2 | Valuation |
investors |
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| 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 Q2
Q2 has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Battery Ventures and Adams Street Partners. 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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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Private markets investment management with strategies in equity, credit, and secondary investments.
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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 Q2
Q2 has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ClickSWITCH, Gro Solutions and Sensibill. 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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Digital customer acquisition solutions are provided to financial institutions.
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2015 | ||||
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Platform offering account switching solution
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2013 | ||||
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Receipt management solutions are offered for digital banking apps.
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2012 |
| 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 - Q2
| 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 |
Q2 Comparisons
Competitors of Q2
Q2 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 Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, 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 |
Diversified financial solutions for business processing and management are provided.
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| domain | founded_year | HQ Location |
Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
Banking and payments solutions are provided through a dedicated platform.
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| domain | founded_year | HQ Location |
Digital solutions for mortgage and consumer lending are provided.
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| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
API-enabled open banking platform is provided for financial institutions.
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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 Q2
Frequently Asked Questions about Q2
When was Q2 founded?
Q2 was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Where is Q2 located?
Q2 is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Q2 a funded company?
Q2 is a funded company, having raised a total of $51M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $116M, raised on Jan 13, 2012.
How many employees does Q2 have?
As of Dec 31, 2024, the latest employee count at Q2 is 2,480.
What is the annual revenue of Q2?
Annual revenue of Q2 is $696.46M as on Dec 31, 2024.
What does Q2 do?
Digital banking platforms are developed by Q2 for banks and credit unions. Solutions are offered for consumer, small business, and commercial banking needs. Comprehensive onboarding, risk management, and fraud prevention tools are included in the portfolio. Embedded finance and relationship pricing solutions are also provided to enhance profitability. The technology is utilized by over 1200 financial institutions globally. Community impact and innovation are prioritized alongside technological advancements. Services are extended across the Americas, Europe, and Asia-Pacific regions.
What products or services does Q2 offer?
Q2 offers Digital Banking, Digital Onboarding, Risk & Fraud Management, and Embedded Finance.
Is Q2 publicly traded?
Yes, Q2 is publicly traded on NYSE under the ticker symbol QTWO.
How many acquisitions has Q2 made?
Q2 has made 3 acquisitions, including ClickSWITCH, Gro Solutions, and Sensibill.
Who are Q2's investors?
Q2 has 2 investors. Key investors include Battery Ventures, and Adams Street Partners.
What is Q2's ticker symbol?
The ticker symbol of Q2 is QTWO on NYSE.