ClickSWITCH Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 46

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $65.5M

ClickSWITCH General Information

Description

Developer of an automated account switching platform designed to switch direct deposits and automatic payments. The company's platform uses proprietary technology to automate the switch of direct deposits and recurring payments for account holders, enabling financial institutions to engage account holders and drive deposit growth.

Contact Information

Website
www.clickswitch.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 701 Washington Avenue North
  • Suite 300
  • Minneapolis, MN 55401
  • United States
+1 (651)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Acquirer
Q2 Software
Vertical(s)
SaaS, TMT, FinTech
Corporate Office
  • 701 Washington Avenue North
  • Suite 300
  • Minneapolis, MN 55401
  • United States
+1 (651)

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ClickSWITCH Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 01-Apr-2021 $65.5M Completed Generating Revenue
5. Later Stage VC (Series B1) 16-Sep-2020 Completed Generating Revenue
4. Early Stage VC (Series B) 14-May-2019 Completed Generating Revenue
3. Accelerator/Incubator 01-Jan-2019 Completed Generating Revenue
2. Early Stage VC (Series A) 08-Aug-2018 $3.5M $6M Completed Generating Revenue
1. Angel (individual) $2.5M $2.5M Completed Startup
To view ClickSWITCH’s complete valuation and funding history, request access »

ClickSWITCH Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B-1
Series B-1X
Series B 7,686,435 $0.000010 8% $1.72 $1.72 1x $1.72 30.95%
Series A 3,990,874 $0.000010 8% $0.88 $0.88 1x $0.88 16.32%
To view ClickSWITCH’s complete cap table history, request access »

ClickSWITCH Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an automated account switching platform designed to switch direct deposits and automatic payments. The comp
Financial Software
Minneapolis, MN
46 As of 2021

London, United Kingdom
 

Kassel, Germany
 
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ClickSWITCH Competitors (2)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bacs Payment Schemes Corporate Backed or Acquired London, United Kingdom
Fino Digital Accelerator/Incubator Backed Kassel, Germany
You’re viewing 2 of 2 competitors. Get the full list »

ClickSWITCH Patents

  • 14

    Total Documents Applications and Grants

  • Total Patents Families

  • 13

    Granted

  • Pending

  • Expiring in next 12 mo

ClickSWITCH Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-9842321-B2 Centralized financial account migration system Active 27-Jun-2014
US-9842322-B2 Centralized financial account migration system Active 27-Jun-2014
US-20150154569-A1 Centralized financial account migration system Active 27-Jun-2014
US-20150142660-A1 Centralized financial account migration system Active 27-Jun-2014
US-10671981-B2 Centralized financial account migration system Active 27-Jun-2014 G06Q20/023
To view ClickSWITCH’s complete patent history, request access »

ClickSWITCH Executive Team (12)

Name Title Board Seat
Drew Fanberg Chief Financial Officer
Jeffrey Greiner Advisor
You’re viewing 2 of 12 executive team members. Get the full list »

ClickSWITCH Board Members (4)

Name Representing Role Since
Daniel Rosen Commerce Ventures Board Member
Jeremy Kuiper Self Board Member & Advisor
Tripp Shriner Point72 Ventures Board Member
You’re viewing 3 of 4 board members. Get the full list »

ClickSWITCH Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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ClickSWITCH Former Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds
Betsy Cohen Angel (individual) Minority
Cohen Circle Venture Capital Minority
Commerce Ventures Venture Capital Minority
Daniel Cohen Angel (individual) Minority
Industry Ventures Venture Capital Minority
You’re viewing 5 of 10 investors. Get the full list »

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ClickSWITCH FAQs

  • When was ClickSWITCH founded?

    ClickSWITCH was founded in 2014.

  • Who is the founder of ClickSWITCH?

    Cale Johnston is the founder of ClickSWITCH.

  • Where is ClickSWITCH headquartered?

    ClickSWITCH is headquartered in Minneapolis, MN.

  • What is the size of ClickSWITCH?

    ClickSWITCH has 46 total employees.

  • What industry is ClickSWITCH in?

    ClickSWITCH’s primary industry is Financial Software.

  • Is ClickSWITCH a private or public company?

    ClickSWITCH is a Private company.

  • What is the current valuation of ClickSWITCH?

    The current valuation of ClickSWITCH is .

  • What is ClickSWITCH’s current revenue?

    The current revenue for ClickSWITCH is .

  • How much funding has ClickSWITCH raised over time?

    ClickSWITCH has raised $21M.

  • Who are ClickSWITCH’s investors?

    Betsy Cohen, Cohen Circle, Commerce Ventures, Daniel Cohen, and Industry Ventures are 5 of 10 investors who have invested in ClickSWITCH.

  • Who are ClickSWITCH’s competitors?

    Bacs Payment Schemes and Fino Digital are competitors of ClickSWITCH.

  • When was ClickSWITCH acquired?

    ClickSWITCH was acquired on 01-Apr-2021.

  • Who acquired ClickSWITCH?

    ClickSWITCH was acquired by Q2 Software.

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