• FOUNDING YEAR: 2004
    LOCATION:
    United States
    REGION:
    Texas
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Cloud-based virtual banking solutions. Some of them are Q2online (browser-based virtual banking solution), Q2 Risk & Fraud Analytics(real-time security analytics solution), Q2 Treasury, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text (virtual banking activities through the text messaging), Q2voice, Q2themes (personalization solution for Q2online customers), Q2clarity (analytics solution for Q2online customers).
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
First Financial Bank,TexasBankers Association, American Bankers Association, GBA, NYBA, NMBA, NAFCU etc.
EXISTING PARTNERSHIPS:
Technology Partners - Andera, Geezeo, FIS, FUND Tech, Easy Solutions, iPay Technologies, Yodlee.
COMMENT
Q2 helps FIs give engaging user experience for customers with business-critical technology and helps the bank to engage with their customers effortlessly. Q2 acquired Social Money (a PFM service provider) for $10.6 Mn in Dec. 2015. It also acquired fraud and risk management firm Centrix Solutions for $20 Mn in July 2015. Centrix shareholders have the right to receive around $9 Mn based on achievement of certain milestones.

PEOPLE

MEDICI analysts will analyze Q2ebanking soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$20 Millions
DATE OF LAST FUNDING:
Apr 2013
FUNDING SERIES:
SERIES C
$20 Millions Closed: May 2013
LISTED:
NO
COMMENT:
The company was listed on NYSE in Mar 2014 for a listing price of $13/share.

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