400 customers! It was only 10 months ago that we announced the signing of our 300th customer, and seeing the exponential acceleration of our customer base continues to be both humbling and amazing at the same time.
Here's an updated summary of how we've grown:
| Date | Customer Count | Elapsed Time |
| June '10 | 400 | 10 months |
| Aug '09 | 300 | 15 months |
| May '08 | 200 | 17 months |
| Dec '06 | 100 | 45 months |
| Mar '03 | 1 | N/A |
We also recently added a customer in Alaska, giving us customers in every state except Delaware.
Why are we continuing to see such accelerating growth in adoption? Financial institutions are realizing that online is an increasingly important channel for customer acquisition. Simply put, consumers are used to shopping online today, and banks or credit unions who still require a branch visit or the submission of paper forms by mail to establish new accounts are neglecting an irreversible consumer trend. Surprisingly, as a recent analyst report by Javelin (also see recorded Webinar summarizing the report) pointed out, still fewer than 1,500 banks and credit unions support online account opening, or less than 10% of the industry overall. In that context, it's easy to see why adoption is accelerating and should continue to do so for some time.
5 comments:
This is trully outstanding!! It really feels great to have been able to witness the exponential growth and strengh of this Product/Platform!! I can't believe there were only a few clients when I started working at Andera!!! What an amazing adventure!!!
Congrats, Charlie! With this acceleration, you'll be "In the Tornado" soon!
Congrats, good to see you are doing well despite the economic climate!
Congrats! We are in the process of finalizing and moving over to Andera.
Thanks Neil! Looking forward to having you on board.
Post a Comment