Q2

Q2

Provides digital banking solutions for financial institutions

About Q2

Simplify's Rating
Why Q2 is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Austin, Texas

Founded

2004

Overview

Q2 provides digital banking solutions tailored for regional and community financial institutions, alternative finance and leasing companies, and other financial technology firms. Their products include a range of digital banking services, banking as a service, and lending and leasing options that allow users to conduct transactions and engage with their finances from any device, at any time. What sets Q2 apart from its competitors is its focus on empowering community banks and credit unions, helping them enhance their digital presence and improve user engagement. The company's goal is to strengthen communities by supporting the financial institutions that serve them, enabling these institutions to grow and adapt beyond traditional limits.

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Simplify's Take

What believers are saying

  • Integration with Pinwheel reduces account activation friction, boosting customer retention by up to 40%.
  • Partnership with Alloy for fraud monitoring can save institutions over $1 million annually.
  • Wealth Access integration enhances customer loyalty through hyper-personalized banking experiences.

What critics are saying

  • Competition from fintech startups like Clockout could challenge Q2's digital banking market share.
  • Reliance on partners like Alloy may expose Q2 to operational risks if partners underperform.
  • Slow transition from traditional B2B payments to digital solutions could hinder Q2's growth.

What makes Q2 unique

  • Q2 offers a comprehensive suite of digital banking solutions for RCFIs and Alt FIs.
  • The Q2 Partner Accelerator Program enables rapid fintech solution deployment for financial institutions.
  • Q2's integration with ModernFi provides a unique non-rate solution for deposit growth.

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Funding

Total Funding

$142.1M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-3%

2 year growth

-4%
FF News
Apr 25th, 2025
Pinwheel Announces Integration With Q2'S Digital Banking Platform

Pinwheel, the fintech helping financial institutions win primacy with frictionless account activation and engagement products, announced an integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending. As part of the Q2 Partner Accelerator Program, financial institutions can access Pinwheel’s exclusive data network of payroll providers, enabling access to income and employment data across 1,800 platforms, covering up to 100% of US workers paid via direct deposit. With this integration via the Q2 Digital Banking Platform, banks and credit unions can provide consumers with instant direct deposit switching within their account onboarding journey. Research shows that 40% of newly opened accounts are never activated, largely due to customer frustration with the current direct deposit switching process. Pinwheel’s integration with the Q2 Digital Banking Platform means all Q2 customers can embed 1-click deposit switching

Hypepotamus
Apr 1st, 2025
Chattanooga’S Clockout Wants To Be The ‘Zelle Of Financial Institutions.’ And Banks Are Buying In.

Read Time: 3 minutes. Tech Topics In This Article: Chattanooga startups, FinTechs

FF News
Jan 23rd, 2025
Q2 Announces New Partnership With Alloy To Deliver Joint Fraud Monitoring Solution For Banks And Credit Unions

Q2 Holdings Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced a strategic partnership with Alloy, a leading identity and fraud prevention platform provider, to deliver a joint ongoing fraud monitoring solution for Q2 Digital Banking customers. Powered by Alloy’s centralized identity decision engine for fraud detection and prevention, this new solution addresses the growing need for financial institutions to take control of their fraud monitoring efforts while maintaining an engaging user experience and growing their business.Through this partnership, Q2 and Alloy will deliver a solution that addresses ongoing fraud risks, such as account takeover and peer-to-peer (P2P) payment fraud, that continuously threaten financial institutions. According to Alloy’s upcoming 2025 State of Fraud Benchmark Report one in three financial institutions lost over $1 million to fraud last year. Additionally, account takeover fraud was the most common fraud type by case volume identified by mid-market banks and credit unions in 2024.“The joint solution Q2 and Alloy are offering will go a long way towards enabling financial institutions to prevent fraud without hindering customer experiences, which is a very difficult thing to do,” said Matt Quale, President of Digital Banking at Forbright Bank. “I’m excited about this partnership’s ability to facilitate business growth and mitigate fraud losses for banks and credit unions.”Alloy will serve as the centralized identity decision engine, integrating Q2’s digital banking data, Q2 Innovation Studio, and Alloy’s robust data partner network to help financial institutions prevent more fraud

PR Newswire
Jan 13th, 2025
Wealth Access Announces Integration With Q2'S Digital Banking Platform

Financial Institutions can now provide data insights solution to account holders through Q2's Digital Banking PlatformNASHVILLE, Tenn., Jan. 13, 2025 /PRNewswire/ -- Wealth Access, the leading customer data insights platform that unifies and enriches data to power hyper-personalized experiences for financial institutions, today announced an integration with Q2's Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for financial services.Wealth Access' integration with the Q2 Digital Banking Platform allows financial institutions to access their data through a single entry point. Through intelligent data unification across multiple systems, the platform generates dynamic balance sheets, allowing service teams to break down silos, view each client's complete financial history, and collaborate across business lines. Wealth Access delivers deep insights that fuel hyper-personalized banking interactions, strengthen customer loyalty, and drive increased revenue.The Q2 Partner Accelerator Program, through the Q2 Innovation Studio, allows in-demand financial services companies who are leveraging the Q2 Software Development Kit (SDK) to pre-integrate their technology to the Q2 Digital Banking Platform

FF News
Jun 27th, 2024
Avidia Bank Partners With Q2 And Personetics To Modernize Its Digital Banking Experience And Strengthen Engagement

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, announced today that Massachusetts-based Avidia Bank has selected Q2 to modernize and enhance its digital banking experience for its customers. The bank will also leverage Personetics’ AI-powered personalized engagement platform through Q2 Innovation Studio to maximize the impact of the data-driven insights and empower its customers to achieve their financial goals.Founded in 1869, Avidia Bank is a $2.6 billion mutual community bank with a mission to provide its communities with strong and efficient financial solutions and exceptional customer service. Previously, the bank was limited in its capabilities and hindered by system complexities, so it sought Q2 to revamp its digital banking experience and improve and simplify its internal and external processes.In addition to the Q2 Digital Banking Platform, Avidia Bank selected several other Q2 solutions, including Q2 Innovation Studio and Q2 Marketplace, to deliver faster innovation and differentiated experiences. Q2 Innovation Studio will enable Avidia Bank to partner with fintechs to provide its customers with pre-built integrations to enhance the digital banking experience.“As a marketer, I couldn’t be more excited about the potential with Q2,” said Janel Maysonet, senior vice president and chief marketing officer, Avidia Bank. “Q2 enables us to differentiate from other banks by leveraging the Q2 Innovation Studio to embed fintech solutions like Personetics within our digital banking platform

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Q2 is Hiring for 66 Jobs on Simplify!

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Implementation Engineer

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See All Jobs

Q2 is Hiring for 66 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Q2's jobs every few hours, so check again soon! Browse all jobs →