ClickSWITCH
ClickSWITCH provides automated account-switching technology to banks, credit unions, and FinTechs, helping financial institutions streamline the migration of direct deposits and recurring payments during customer onboarding.
- Company typePrivate
- Founded2014
- HeadquartersMinneapolis, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What ClickSWITCH does
ClickSWITCH is a private, for-profit B2B SaaS company founded in 2014 and headquartered in Minneapolis that provides automated account-switching technology to financial institutions and FinTechs. The company's core function is to streamline the process by which a consumer moves direct deposits, automatic payments, and other recurring banking relationships from one institution to another — a workflow that historically has been manual, error-prone, and a key friction point in retail banking acquisition and retention. By automating this process for the receiving institution, ClickSWITCH addresses a measurable onboarding-and-stickiness problem for banks, credit unions, and digital-first FinTechs competing on primary financial relationships.
The platform operates as infrastructure embedded into the receiving financial institution's onboarding stack, with the company carrying dedicated compliance and legal leadership (a CCO & General Counsel) consistent with the regulatory complexity of inter-institution money movement. Notable investors include USAA (a strategic investor that is itself a major US financial services brand), Commerce Ventures (which has led multiple rounds), Point72 Ventures, Cohen Circle, and Industry Ventures. Total disclosed funding across four rounds from 2017 to 2020 is approximately $19.1 million. The company maintains 51–100 employees as of the latest available data.
The revenue model is not publicly disclosed in the source material, but the structure is consistent with per-institution SaaS licensing or per-switch/per-account transaction fees typical of FI infrastructure vendors. The company is led by founder Cale Johnston (President & CEO), with a recent addition of dedicated CRO and CFO hires indicating a transition toward a more structured commercial and financial organization.
ClickSWITCH firmographics
Firmographics- Name
- ClickSWITCH
- Website
- https://clickswitch.com
- Company type
- Private
- Founded year
- 2014
- Headcount range
- 51–100 employees
- Short description
- ClickSWITCH provides automated account-switching technology to banks, credit unions, and FinTechs, helping financial institutions streamline the migration of direct deposits and recurring payments during customer onboarding.
- Ownership category
- akta.pro rank
ClickSWITCH industry classification
Industry- Product category
- Banking Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)
- akta.pro secondary industry
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where ClickSWITCH is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Markets served
ClickSWITCH business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
ClickSWITCH product offering
Product offeringCore offering
ClickSWITCH provides an automated account switching solution that enables financial institutions and FinTechs to migrate new and existing customers' direct deposits, recurring payments, and account connections seamlessly. The platform streamlines the account-switching process for banks, credit unions, and FinTechs, helping them acquire and retain primary banking relationships.
Differentiator
Problem solved
Functional benefit
Products and services
- ClickSWITCH Account Switching Platform Automated account switching platform that helps financial institutions and FinTechs migrate direct deposits, recurring payments, and automated clearing house (ACH) authorizations from a customer's previous account to a new account. Target users are banks, credit unions, and FinTech firms seeking to acquire primary banking relationships.
Companies that use ClickSWITCH
Customer profileIdeal customer profiles1 record
ClickSWITCH technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ClickSWITCH partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights4 records
ClickSWITCH competitors and assessment
Company assessmentDirect peers
- MX Technologies: MX provides financial-data aggregation, account connectivity, and money-movement tools to banks and credit unions, including switching and onboarding workflows. It overlaps most directly with ClickSWITCH on the data-aggregation and account-linking side that powers deposit switching.
- Plaid: Plaid is the dominant consumer-permissioned financial-data and account-linking platform used by FIs and fintechs. Its Auth and Transfer products cover the same bank-to-bank connectivity rail that underpins ClickSWITCH's switching product.
- Akita Software: Akita offers automated account-opening, funding, and switching tools specifically aimed at community banks and credit unions. It is the closest head-to-head competitor to ClickSWITCH in the FI deposit-switching niche.
- Mantl: Mantl provides deposit-account opening and onboarding automation for community banks and credit unions, including switching adjacent functionality. It competes with ClickSWITCH for the same FI buyer and the same switching workflow budget.
Broad incumbents
- Finicity (a Mastercard company): Finicity operates an account-aggregation and open-banking data platform inside Mastercard, serving FIs with connectivity, verification, and money-movement APIs. It overlaps ClickSWITCH on the data and connectivity layer that powers switching.
- Yodlee (Envestnet): Yodlee is a long-standing account-aggregation and data-analytics platform sold to FIs, with switching-adjacent connectivity workflows. It is a broader incumbent alternative for FIs evaluating a dedicated switching vendor.
- Jack Henry (SilverLake / Banno): Jack Henry's Banno digital platform and SilverLake core include bundled onboarding, switching, and money-movement modules for community FIs. As a core-processor incumbent, it represents a bundled alternative to ClickSWITCH's standalone switching product.
- Q2 (Alkami): Alkami's digital banking platform (incorporating Q2) provides onboarding, account-opening, and money-movement functionality to community banks and credit unions. It is a broader-platform incumbent competing for the same FI switching and onboarding wallet.
Emerging players
- Akoya: Akoya provides a consumer-permissioned data-sharing network used by banks and fintechs, including for account-linking workflows. It is an emerging alternative rail that overlaps with the connectivity underpinning account switching.
- Strands: Strands offers AI-driven money-management and customer-engagement tools to banks and credit unions, including onboarding and switching-adjacent workflows. It targets the same FI buyer pool with an overlapping product surface.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
ClickSWITCH social profiles
Digital presenceClickSWITCH financial estimates
Financial estimateRevenue estimate
Valuation estimate
ClickSWITCH leadership team
Management profileNumber of profiles
Profiles4 records
ClickSWITCH funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ClickSWITCH M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ClickSWITCH
What does ClickSWITCH do?
ClickSWITCH provides an automated account switching solution that enables financial institutions and FinTechs to migrate new and existing customers' direct deposits, recurring payments, and account connections seamlessly. The platform streamlines the account-switching process for banks, credit unions, and FinTechs, helping them acquire and retain primary banking relationships.
When was ClickSWITCH founded?
ClickSWITCH was founded in 2014. It employs 51 to 100 people.
Where is ClickSWITCH based?
ClickSWITCH is headquartered in Minneapolis, United States, in the North America region.
Who are ClickSWITCH's main competitors?
Direct peers on record are MX Technologies, Plaid, Akita Software and Mantl. Broad incumbents are Finicity (a Mastercard company), Yodlee (Envestnet), Jack Henry (SilverLake / Banno) and Q2 (Alkami). Emerging players are Akoya and Strands.
Does ClickSWITCH have an API?
No public API is recorded for ClickSWITCH.
What industry is ClickSWITCH in?
ClickSWITCH's product category is Banking Software. Its primary akta.pro industry code is FSAGACAI, Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation), with a secondary code of FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 52232.