ClickSWITCH PRESS KIT

 

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PRESS KIT

About ClickSWITCH 

ClickSWITCH is a unique account holder acquisition technology for financial institutions that simplifies the process of bringing new account holders onboard by quickly, safely and efficiently switching recurring payments from old accounts to new ones. Based in Minneapolis, MN, the company's industry-leading solutions help clients increase account holder acquisition and activation rates, engage throughout onboarding, and cross-sell products to capture full profit potential. ClickSWITCH is a technology leader delivering world-class solutions to financial institutions of all sizes. For more information, visit www.ClickSWITCH.com

COMPANY FACTS

  • Founded in 2014 

  • 400 financial institution customers (July 2019) 

  • Year over year growth exceeds 300% (July 2019) 

  • ClickSWITCH has helped a quarter of a million people move direct deposits. The deposits we have switched are worth more than $10 Billion annually. (July 2019) 

  • $17M raised (Series A $3.5M & Series B $13M) (July 2019) 

  • Employee headcount has more than doubled over the past year (July 2019) 

Key Benefits for Financial Institutions and Neobanks 

  • Reduce attrition 

  • Fund new accounts 

  • Increase revenue stream from deposits 

  • Position your financial institution to become the end-user’s primary financial institution 

  • Deepen relationships with account holders with fast and easy onboarding 

  • Increase customer growth, retention and cross-selling opportunities 

Solutions 

ClickSWITCH’s white-label out of the box solution is easy to integrate and enables you to get new account holders switched over quickly. Our intuitive software makes it simple for your account holders. 

Process 

  • Log in – Account holders simply log into the white-label ClickSWITCH portal using a mobile device or personal computer 

  • Choose – Select the direct deposits and automatic payments you’d like to switch to your new or existing financial institution 

  • Switch – In just a few minutes the account switch process is complete. ClickSWITCH can even initiate the closure of your old account. 

ClickSWITCH API 

Whether you want a seamless experience or want to build the next big thing in financial services, the ClickSWITCH API comes ready to create your own switching experience. 

The ClickSWITCH API allows you to design and develop your own custom end-user experience that supports your brand and accelerates account holder enrollment. 

Executive Officers 

CALE JOHNSTON | Founder & Chief Executive Officer 

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Cale Johnston, Founder and CEO of ClickSWITCH, is responsible for global business strategy with focus on innovation, growth, investor and customer relations. Cale is an entrepreneur who believes banking should be easy. For this reason he founded ClickSWITCH in 2014 and has been leading the charge since, spearheading impressive growth. He has a strong reputation as a visionary who takes pride in his company and is focused on providing exceptional customer service.  Cale’s extensive experience in financial services technology enables ClickSWITCH to be a superior provider of financial services. Highly respected in the industry, Cale has experience serving financial institutions large and small, domestic and global. Prior to forming ClickSWITCH, Cale was Vice President of Sales for Cachet Financial Solutions, Inc. In this position, he was responsible for the sales and marketing of their Mobile Check Capture solution. It was in this role, Cale recognized the need for easy-to-implement, consumer friendly financial services and set out with intent to create an outstanding solution.  


DREW FANBERG | Chief Financial Officer 

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Drew Fanberg is the Chief Financial Officer at ClickSWITCH. Drew oversees all aspects of the company’s finances including forecasts, cash management, accounting controls and investor relations.  

Drew  has over 15 years of finance and accounting experience at several large public and private companies. He also spent time at a Minneapolis investment firm, focusing on equity analysis of small and mid-sized companies. In 2010, he received his MBA from The Carlson School of Management at the University of Minnesota, with an emphasis in Finance and Entrepreneurial Studies. 



CHRIS LECKRONE | Chief Compliance Officer & General Counsel 

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Chris Leckrone is the Chief Compliance Officer and General Counsel at ClickSWITCH where he oversees the Company’s compliance and legal framework. In addition to being responsible for all legal relationships related to customers and general corporate matters, Chris is responsible for establishing standards and procedures to minimize risk and ensure ongoing compliance with applicable laws and regulations.  Chris has served in large community banks and large regional banks in the areas of corporate compliance, risk management and commercial, industrial and real estate lending. Most recently, Chris worked at a large community bank as the Fair Lending, UDAAP and Privacy Officer where he drove the design, development and maintenance of business line compliance programs and associated policies, procedures, processes and controls to ensure compliance with legal and regulatory requirements. Chris received his J.D. from New England School of Law.