Andera Gets $9M from Edison

9/28/10

Providence, RI-based Andera, a provider of Internet software for banks and other financial groups to offer online account opening and funding to customers, has closed a $9 million financing led by Lawrenceville, VA-based Edison Venture Fund, according to the company. Andera, which now serves more than 425 financial institutions, said it plans to use the funding to expand its sales, marketing, and product development. Charlie Kroll, Andera’s CEO, co-founded the company in 2000 while he was still a student at Brown University.

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