Venture for America Company Spotlight with Andera, located in Providence, Rhode Island:
Andera is the leader in online customer acquisition solutions for financial institutions. Its suite of products and services includes online account opening, consumer marketing, fraud prevention and an in-house software development kit.
Andera also has the largest network of core processor providers, third-party data services, and financial institutions connected to deliver more profitable customers to banks and credit unions.
President and CEO of Andera, Charlie Kroll, tells us more:
1. Tell us about Andera.
Andera is a technology company that helps financial institutions acquire new customers. The company is venture backed with $13MM raised, 95 employees, offices in Providence, New York, and San Francisco, and more than 500 bank and credit union customers nationwide. The company was founded while I was still an undergrad at Brown University in 2000, originally as a web development firm. Over time, the company evolved into a SaaS provider of account opening and funding applications for financial institutions, and today is focused on changing banks’ retail experience through multi-channel origination technology that takes the hassle (and paper) out of applying for new accounts or loans.
2. Name a fun fact about Andera.
We often enjoy free sodas and juices, Friday bagels, regular catered all-hands meetings, a keg with awesome craft beers, and quarterly hack-a-thons where folks stay up all night implementing crazy ideas.
3. What does your ideal Venture Fellow look like?
Creative, challenges the status quo, thrives in an unstructured environment, demonstrated evidence of achievement, and is able to get stuff done. We hire for talent and culture, and care about these things way more than experience or what degree you’ve got.
4. What does the daily office routine look like?
Even though Andera is 10 years old, it still feels like a start-up. The culture is informal and fun, with smart people who enjoy making a difference and changing an industry. As mentioned above, there’s always fun things going on like regular catered all-hands meetings and quarterly hack-a-thons. We’re also about to move into a larger space in Providence with lots of whiteboards, huddle rooms, open space, natural light, lounge areas, WiFi, ping pong, and air hockey. In short, the kind of place we wanted to work in.
To find out more about Andera: