ClickSWITCH, a turn-key solution that simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, announced today that it has raised $13 million in Series B financing. The funding was led by Commerce Ventures and Point72 Ventures.
HAMPTON, Va., Feb. 7, 2019 /PRNewswire/ -- Old Point National Bank has selected both Digital Onboarding Inc. and ClickSWITCH, LLC to make it easier for people to switch their banking relationships to Old Point. Digital Onboarding, Inc. is a SaaS technology company that provides a fully automated new account activation platform and ClickSWITCH is an award-winning technology that provides a secure digital solution for switching direct deposits and recurring payments.
ClickSWITCH, a turnkey solution that simplifies the switch of direct deposits and recurring payments for a financial institution’s new and existing account holders, announced today the hiring of Jordan Wright, co-founder of fintech company Unbill, as Chief Product Officer. In this role, Jordan will be responsible for driving product enhancements that design, build and optimize the ClickSWITCH user experience. He will also oversee the product development roadmap and strategy.
ClickSWITCH completed $3.5 million in Series A venture. The investment round was led by Commerce Ventures, a leading early-stage, FinTech-focused firm, Betsy Cohen, founder of The Bancorp, Inc., Daniel Cohen, Chairman of The Bancorp, Inc. and Pete Kight, founder and former CEO of CheckFree Corp.
ClickSWITCH has hired Christopher Leckrone as Chief Compliance Officer and Marjorie Smith as Director of Project Management. These additions were hired to drive ClickSWITCH’s efficiency and expansion.