Today Gro Solutions, one of our portfolio companies focused on fintech, announced its acquisition by Q2 Holdings, Inc. (NYSE:QTWO). Gro Solutions is a leading provider of digital growth solutions for banks and credit unions, and became part of our portfolio of companies in March 2017 when it closed a $4.25 million round of funding.
Gro’s addition will provide Q2’s customers with advanced, omnichannel account opening capabilities and a configurable sales platform designed to increase conversion and reduce abandonment. FIs that have implemented Gro’s mobile-first solutions have seen significant increases in completed applications.
“Q2 is a recognized leader in providing innovative solutions for FIs and other financial technology providers,” said David Eads, CEO of Gro. “As a combined force, we look forward to providing leading account opening, ecommerce and end-to-end digital financial solutions to banks, credit unions and other financial technology companies. We are delighted to be joining the Q2 team and look forward to delivering best-in-class in financial digital sales and marketing solutions.”
To learn more, read today’s official press release.