About Q2
Q2 is a company based in Austin (United States) founded in 2004 by Hank Seale and Renee Johnson. It operates as a SaaS (Software-as-a-Service), and FinTech. Q2 has raised $20 million across 4 funding rounds from investors including Battery Ventures and Adams Street Partners. Q2 has completed 4 acquisitions, including Centrix Solutions, Cloud Lending and PrecisionLender. 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, Infibeam Avenues, NCR and Jack Henry, among others.
- Headquarter Austin, United States
- Founders Hank Seale, Renee Johnson
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Q2 Software, 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
$20 M (USD)
in 4 rounds
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Latest Funding Round
$350 M (USD), Post-IPO
Dec 14, 2020
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Investors
Battery Ventures
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Centrix Solutions
& 3 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.
Platform for consumer and commercial banking solutions provided.
Comprehensive onboarding for new account holders offered digitally.
Automated solutions for risk and fraud prevention delivered.
Scalable banking products for embedded finance are developed.
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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 $20M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $350 million completed in December 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 4
- Last Round Post-IPO — $350.0M
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First Round
First Round
(20 Mar 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 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 4 companies. Notable acquisitions include Centrix Solutions, Cloud Lending and PrecisionLender. 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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A cloud-based lending platform is provided for financial institutions.
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2013 | ||||
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Loan and deposit pricing management software is provided for banks.
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2009 | ||||
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Social media-leveraged personal financial management solutions are provided.
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2008 |
| 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, Infibeam Avenues, NCR and Jack Henry, 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 |
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 |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
Banking software suites are provided for financial institutions and banks.
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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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| 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 2004 and raised its 1st funding round 9 years after it was founded.
Where is Q2 located?
Q2 is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Q2?
Hank Seale is the current CEO of Q2. They have also founded this company.
Is Q2 a funded company?
Q2 is a funded company, having raised a total of $20M across 4 funding rounds to date. The company's 1st funding round was a Post-IPO of $116M, raised on Mar 20, 2013.
What does Q2 do?
Digital banking solutions are offered by Q2 to banks and credit unions across consumer, small business, and commercial sectors. A single platform is utilized to deliver personalized experiences, streamline onboarding, and manage risk and fraud. Innovation is accelerated through partnerships with fintechs via the Q2 Innovation Studio. Embedded finance and alternative lending solutions are also provided to enhance scalability and profitability. Services are extended globally with a focus on building stronger, diverse communities through financial institutions.
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 4 acquisitions, including Centrix Solutions, Cloud Lending, and PrecisionLender.
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.