Clickswitch
MINNEAPOLIS--(BUSINESS WIRE)--ClickSWITCH, a digital financial account switching solution, announced its most recent round of Series B-1 funding in the amount of $2 million from a USAA subsidiary. This brings the company’s external funding total to more than $21 million.
“This new round of funding will enable us to build additional momentum around the ClickSWITCH solution and its features,” said Cale Johnston, Founder and CEO of ClickSWITCH. “The financial investment from USAA is encouraging during these uncertain economic times and we are excited to support USAA’s mission of supporting the U.S. military community.”
The Series B-1 funding will accelerate ClickSWITCH’s ability to further innovate, solidifying ClickSWITCH as the leader in the account switching space. ClickSWITCH has over 500 financial institution customers in the United States and Canada and plans to continue growth by expanding its product offerings and hiring an additional ten to twenty employees by the end of 2020.
For USAA, the investment adds to a growing portfolio of investments with financial and insurance technology startups that help continue its proud tradition of delivering innovative products and services for the U.S. military and their families.
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“Our mission is finding and delivering the best value in financial services for our military members, so they can take care of what’s important in their personal lives,” said Nathan McKinley, head of Corporate Development at USAA. “We were impressed by ClickSWITCH’s commitment to solving a persistent consumer problem and we look forward to helping them grow.”
ClickSWITCH is an online portal that assists in efficiently switching your direct deposit from your old account to your A+FCU account. It’s free and easier than ever before. You no longer have to worry about filling out multiple forms or wasting time contacting employers or payees for automated payments. Once enrolled with ClickSWITCH, you can. With ClickSWITCH, your account information is transferred instantly. It’s fully automated, convenient, and takes less than 10 minutes. This effortless and secure online tool can help you streamline your finances by: Transferring your checking account to Pioneer.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking and investment and retirement solutions to nearly 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, Tex., USAA has offices in seven U.S. cities and three overseas locations and employs more than 35,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
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About ClickSWITCH
ClickSWITCH is a digital account switching solution for financial institutions and challenger banks that simplifies the process of bringing new account holders onboard by quickly, safely and efficiently switching direct deposits and automatic payments to new accounts. The company enables financial institutions to make switching easy, capture more deposits, rapidly and consistently gain PFI status, and increase profitability. For more information, visit www.clickswitch.com
The Fast, Secure and Free Way to Switch Your Recurring Payments & Direct Deposits!
Switching to MidWest America FCU doesn’t need to be a hassle. We’ve made it easier than ever with ClickSWITCH.
In just a few minutes, switch all of your direct deposits and recurring payments to your new or existing account at MidWest. This eliminates the hassle of having to contact each business and helps to ensure that you don’t miss a payment during your account transition.
How it works
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1. Login to the free online solution
To get started, call 1-800-348-4738 or stop in to any branch today to receive your activation code. Login to ClickSWITCH and in a few simple clicks, you’ll activate this secure online solution.
2. Switch your direct deposits and recurring payments
Use your old account to automatically find and move all recurring transactions.
3. Get notifications as it works for you
The solution does the work for you. Receive real-time updates and get notified when it’s done.
Why use ClickSWITCH?
Click Switch Banking
● Securely switch direct deposits and recurring payments in just a few minutes
● No need to track down payments or fill out paperwork
● Just a few clicks will save hours of time
● Track switches and receive real-time notifications
● Initiate the closure of your previous account
To get started with your switch, give us a call today at 1-800-348-4738 or stop by any one of our full-service branches to receive your activation code.