AUSTIN, Texas Q2ebanking, a start-up provider of online solutions for credit unions and banks, yesterday said it closed on $20 million in new financing.
The latest financing was led by a new investor, Battery Ventures, with continued support from Adams Street Partners, which led Q2’s first two financing rounds.
The company provides e-banking technology for approximately 400 financial institutions, reaching more than 3 million online users.
This latest round of financing will be used to expand Q2’s sales and marketing efforts, as well as invest in continued platform innovation. The company said new research and development efforts will focus on a unified user experience, mobility solutions, additional commercial features and enhancements to its security offering.
