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.
Virtual Branch app provider, Mobilearth has partnered with digital switch provider, ClickSWITCH to offer financial institutions with a new feature for the Mobilearth roving teller dashboard; the ability for employees to help customers move their automated payroll deposits in a seamless and paperless process that takes mere minutes to complete.
ClickSWITCH announced Tampa, Fla. based Suncoast Credit Union, ($9.1 Billion in assets) the ninth largest credit union in the United States based on membership, has selected ClickSWITCH’s automated account switching solution to streamline the transfer of accounts to their financial institution.
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.