Toronto fintech Sensibill has been acquired by Austin’s Q2, a leading provider of digital transformation solutions for banking and lending.
Founded in 2013, Sensibill’s award-winning AI-powered platform captures SKU-level spend data to unlock insights that can help financial institutions and fintechs better serve their account holders.
Sensibill enables small and medium-sized businesses to automate and streamline expense management, which can help financial institutions increase engagement with this critical customer base.
This acquisition complements the capabilities of Q2 Catalyst, Q2’s end-to-end commercial banking suite designed to help financial institutions win, onboard, serve, and grow business client relationships.
“We are excited to join the Q2 team to make financial wellness more attainable for all,” said Corey Gross, co-founder and CEO of Sensibill.
“Q2 is a recognized leader in digital banking and lending and, by joining forces, we will empower more financial institutions and fintechs with greater insights into their account holders’ spending habits, helping them manage their businesses better and supporting their financial wellbeing.”
Financial terms of the transaction were not disclosed.
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