Growth

Fintech Leader ClickSWITCH Secures $13 Million in Series B Funding, Accelerating Growth

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.

ClickSWITCH Experienced Growth of 108% in 2017, More Than Doubling Revenue

ClickSWITCH announced its third year of consecutive revenue growth since the company’s inception in 2014. In 2017, ClickSWITCH more than doubled its revenue, increased switch numbers by 125% and boosted its current client count to over 325. ClickSWITCH now has financial institution clients in all 50 states, Puerto Rico and Canada.