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Bottomline Technologies Acquires Andera

Edison Ventures announced Andera Inc. has been acquired by Bottomline Technologies for $44.5 million.

CEO Charlie Kroll founded Andera in 2000 as a web development company. Now Andera sells software that allows banking customers to originate and fund new accounts and loans from mobile devices. The company has helped over 500 bank and credit union customers process more than 4.5 million new account applications online.

Other Edison Fintech investments include Billtrust, Business Financial Services, Compliance Science, EdgeTrade, Folio Dynamix, Gain Capital, Liberty Tax, Princeton Financial System, Neat Company, Redvision, Scivantage and Trader Tools.

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