Q2ebanking Gains $20 Million In Series C For Banking Software

Austin-based mobile and online banking software provider Q2ebanking said today that it has raised $20M in a Series C funding round. The funding was led by new investor Battery Ventures, and also included prior investor Adams Street Partners. Q2ebanking is headed by Matt Flake. The firm said the company saw revenue growth of 51 percent in 2012, and now has 70 clients. The firm said the new funding will go towards sales and marketing, for its platform, and research and development. More information »