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Austin, Texas, United States
Q2 Holdings Inc. is a provider of cloud-based virtual banking solutions for regional financial institutions to deliver mobile banking services to retail and commercial end-users who wish to bank anywhere and anytime. Its solutions operate on an integrated tablet-first platform which provides financial institutions a comprehensive view of account holder activity, and meets the regulatory and security requirements applicable to the industry. The firm generates revenue from subscription-based arrangements for software offerings, typically for five years. A large majority of the firm's revenue is generated in the United States. The company continues to grow by making periodic small acquisitions.
Last updated
In 2024, Q2ebanking's revenue reached $464M. The company previously reported $402.8M in 2020. Since its launch in 2004, Q2ebanking has shown consistent revenue growth.
Q2ebanking reached a $883.5M valuation in 2015.
Q2ebanking has raised $971.4M in total funding across 8 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $315M | - | - | |
| 2019 | Funding round | $316.3M | - | - |
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Q2ebanking serves 800K customers.
Q2ebanking employs approximately 1.4K people as of 2026, down from 1.7K in 2021, including 2 sales reps that carry a quota. It serves 800K customers that rely on its solutions.
Q2ebanking generates $464M in revenue.
Q2ebanking was founded by Hank Seale.
The CEO of Q2ebanking is Hank Seale.
Q2ebanking raised $971.4M across 8 rounds.
Q2ebanking has 1.4K employees.
Q2ebanking is headquartered in Austin, Texas, United States.
Q2ebanking operates across multiple industries. Browse revenue, funding, and growth data for Q2ebanking in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$883.5M
2024 Revenue
$464M
Customers
800K
Funding
$971.4M
Avg ACV
$580
Team
1.4K
Founded
2004
| Year | Milestone | Source |
|---|---|---|
| 2024 | Q2ebanking Hit $464m revenue in December 2024 | d18rn0p25nwr6d.cloudfront.net |
| 2020 | Q2ebanking Hit $402.8m revenue in December 2020 | |
| 2019 | Q2ebanking Hit $315.5m revenue in December 2019 | |
| 2004 | Launched with $0 revenue |
| 2015 | Funding round | $96.9M | $883.5M | 11% |
| 2015 | Funding round | $101.2M | $613.7M | 16% |
| 2014 | Funding round | $100.9M | $334.1M | 30% |
| 2013 | Series C | $20M | $167.8M | 12% |
| 2011 | Series B | $11M | $121.2M | 9% |
| 2007 | Series A | $10.2M | $16.8M | 61% |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1.4K employees (December 2024) | |
| 2021 | Reached 1.7K employees (April 2021) |
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