Q2ebanking, a provider of electronic banking solutions for banks and credit unions, has closed $20 million in Series C financing. The round was led by a new investor, Battery Ventures, with support from Adams Street Partners, which led Q2’s first two financing rounds.
The financing will be used to expand Q2’s sales and marketing efforts, as well as invest in continued platform innovation, says the company.
Q2ebanking provides ebanking technology for approximately 400 financial institutions, reaching over 3 million online users.