Andera's Team
We work hard, but value our personal time too. Our team is made up
of smart, world-class people who never hesitate to support and
mentor their peers. We're friendly, ethical, and we check our egos
at the door. We're located in the great little city of Providence,
home to universities, arts, restaurants, and a vibrant tech scene.
And, every day, we work on interesting projects that are changing
an industry.
Andera's Advantage
We have the largest network of core process providers, third-party
data services, and financial institutions connected to deliver more
profitable customers to banks and credit unions.
The Pioneers of Online Account Opening
Andera pioneered the online account opening process for banks and
credit unions in 2005 and since then has become the leading
provider to over 500 financial institutions.
History
Andera was founded as a Web development firm in Charlie Kroll's
dorm room at Brown University in 2001. Early on, one of Andera's
bank clients requested the development of an online account opening
system for students, called CampusMate. It was then that
Andera's focus and passion was set, soon plans expanded beyond the
student system to all customers, and eventually into a standard
platform made available to all financial institutions.
Andera created the product category for online account opening,
a market in which we now have dominant market share. The analyst
group, Javelin Research & Strategy, predicts that by 2015, over
50% of new accounts will be opened online.
Initially angel funded, we've grown to over 500 banks and credit
unions as clients on the strength of key partnerships with over 40
core processing (e.g., Fidelity, Harland, OSI), online banking
(e.g., DI and ORCC), and third-party data sources (Equifax, RSA,
and others). Our rapid growth and large prospective market were
recently acknowledged with a $10MM venture round led by Edison
Ventures. We are using this investment to grow to nearly 90
employees (adding 24 in the last year alone) and expand our product
offerings.
oFlows Acquisition
On October 5, Andera acquired oFlows, Inc., an
innovative technology company in San Francisco on a mission to rid
the world of paper through its multichannel loan and account
origination solutions. You can read the
press release, and watch the webinar and read more about the oFlows
acquisition.