Joe Ehrhardt
Financial technology company Teslar Software by 3E of Springdale announced Tuesday that the Independent Community Bankers of America has invested in it, bringing the company’s total seed capital raised to $2 million.
Teslar said it is on track to double revenue this year, and the investment will allow it to add staff to support that growth.
The investment comes on the heels of the company’s participation in ICBA’s ThinkTECH Accelerator in Little Rock.
“We were impressed with Teslar’s banking background and their platform’s capabilities to aid community bank business processes and data requirements during the accelerator program,” ICBA Services Network Chief Operating Officer Kevin Tweddle said in a news release. “We look forward to supporting Teslar as they continue to empower community bankers with the tools they need to grow with confidence and ease.”
Joe Ehrhardt, CEO and founder of Teslar, said, “We provide the solutions necessary for community banks to operate more efficiently and effectively, while focusing on what matters most: exceptional customer service. This investment and ICBA’s support will provide resources to grow our team and continue advancing our technology, furthering our mission to help community bankers prosper.”
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