Kasasa, a national brand of banking products for community financial institutions, has arrived at a milestone for its rewards-based checking and savings accounts. The Austin-based company recently surpassed its one millionth account.
Kasasa’s free accounts boast a 92% annual retention rate and require no minimum balance. Since launching in 2009, the company has increased its total client base to 779 community financial institutions, 395 of which offer Kasasa’s rewards checking and savings accounts. At the close of 2015, the company saw a 45% annual growth rate.
Earlier this month, Kasasa partnered with AudioEye, a provider of technology that helps optimize digital content for people with disabilities and physical limitations. The technology is fully integrated into Kasasa’s FIRSTBranch websites for community financial institutions.
Kasasa debuted at FinovateFall 2009 under the name BancVue.