Having previously invested $50,000 in 2005, the Slater Technology Fund invested another $350,000 to accelerate product development.

The Providence-based financial technology company has been creating Web-based account opening and funding software for banks and credit unions since its founding in 2000. By the end of last year, Andera had more than 100 customers, nearly twice as many as at the end of 2005 and more than any rival vendor...