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Q2ebanking Secures $20 Million Series C Financing

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Online banking solutions company Q2ebanking recently closed a $20 million Series C financing round.

New investor, Battery Ventures, led the round. Adams Street Partners, which has been involved in each round of Q2ebanking’s funding, also participated.

Q2ebanking states that it will use the new round to invest in continued platform innovation and to expand sales and marketing efforts.

The Austin-based company also released some quick figures:

    • About 400 FIs use its ebanking technology, reaching over 3 million users
    • More than 70 of its clients have assets exceeding $1 billion
    • From 2011 to 2012, its revenue growth expanded from 49% to 51%

To learn more about Q2ebanking, watch its FinovateSpring 2011 demo.