Agreement Express lands investment from Frontier Capital
Account onboarding specialist Agreement Express received its second round of funding, reports Julie Muhn at Finovate.
The growth equity investment comes from Frontier Capital, which pulled the funds from its $700 million Frontier Fund V closed in 2017. The amount of the latest round was undisclosed, but boosts the Canada-based company’s funding over its previous $1 million raised.
The funds are aimed to help Agreement Express accelerate growth by expanding sales and marketing efforts, hiring more employees, and bolstering tech innovation efforts. As part of the deal, Richard Maclean, co-founder and managing partner at Frontier, along with Frontier’s managing partner and VP, Dave Pandullo, will join the Agreement Express board.
Agreement Express CEO Mike Gardner highlights the company’s growth since it was founded in 2001, attributing it to the company’s replacement of complexity with simplicity. “We feel the optimal time has come to take Agreement Express to the next level,” he says.
Agreement Express helps financial services companies create and manage a consistent onboarding experience across channels, as well as leverage consumer data to create a personalised user experience. Among the company’s clients are National Bank of Canada, Questrade and M&T Bank.