USAA backs digital account switching solution ClickSWITCH

Minneapolis-based ClickSWITCH, a digital financial account switching solution, announced its most recent round of Series B-1 funding in the amount of $2 million from a USAA subsidiary. This brings the company’s external funding total to more than $21 million.

“This new round of funding will enable us to build additional momentum around the ClickSWITCH solution and its features,” said Cale Johnston, Founder and CEO of ClickSWITCH. “The financial investment from USAA is encouraging during these uncertain economic times and we are excited to support USAA’s mission of supporting the U.S. military community.”

Founded in 2014, ClickSWITCH has over 500 financial institution customers in the US and Canada and plans to continue growth by expanding its product offerings and hiring an additional ten to twenty employees by the end of 2020.

For USAA, the investment adds to a growing portfolio of investments with financial and insurance technology startups that help continue its proud tradition of delivering innovative products and services for the U.S. military and their families.

“Our mission is finding and delivering the best value in financial services for our military members, so they can take care of what’s important in their personal lives. We were impressed by ClickSWITCH’s commitment to solving a persistent consumer problem and we look forward to helping them grow.” – Nathan McKinley, head of Corporate Development at USAA .