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Andera Named Top Tech Company by American Banker

Wednesday, December 05, 2012


RI's homegrown technology company Andera has been named one of the Top 10 Tech Companies in banking by the leading industry magazine - American Banker.

Andera is the brainchild of Charlie Kroll, a Providence entrepreneur who came to Providence to attend Brown University.

American Banker writes:

Why it's one to watch: Andera is forging ahead with its oFlows platform that's built for iPads to help streamline and create possibilities in the ways banks open accounts and originate loans.
What started off as a web development company founded in Charlie Kroll's Brown University dorm room has matured into an account and loan origination software business meant to help banks serve their customers in more places, more efficiently.

In September of 2010, Andera closed on $9 million in venture funding.

Andera has shifted to a more mobile focus in the bank industry focused technology. According to American Banker: To help do that, Andera acquired oFlows, a paperless system for account opening and lending with expertise in multi-channel origination, in late 2011. With the acquisition, Andera, among other things, has been focusing on leveraging native mobile capabilities, such as the built-in camera to send in supporting documents as well as the touchscreen that lets customers sign forms with their fingers or styluses, to reduce the input burdens of opening an account or loan.


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