Funding

MX Raises $30M in Series A Round

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What does MX do?

MX, is a leading financial technology provider which develops omnibanking technologies which helps unify products service silos and drive the customer centric banking relationships. This startup is redefining the way financial organizations interact with their account holders through omnibank technology which enables and supports a true omnichannel experience. It is one of the fastest growing provider of financial technology, which boosts the customer centric banking relationships through integration of their solutions directly into mobile, online and core baking platforms and to the payment and third party providers.

Currently MX partners with over 460 financial institutions and 30 online baking and payment network providers.

How much MX was funded?

MX raised $30M in Series A funding on April 29th, 2015 from the investors USAA and Digital Garage.

Previous funding

  • $20M in Seed round on November 3, 2014 from Plus550, Peak Ventures, TPP Capital Advisors, Commerce Ventures, TTV Capital and North Hill Ventures

What is next for MX?

With the latest funding its total funding to date amount to $50M. It plans to use the latest funding receive in strengthening its partnership relations and its advance product suite, featuring omnichannel framework, Digital Money Management software, cross platform marketing and real time data analytics.

Each of these products helps clients and partners in providing an individually tailored financial management experience- promoting wellness and financial intelligence for customers and boosting critical additional revenue for clients and partners.

More about MX

MX was founded on March 1st, 2010 by Ryan Caldwell. It has its headquarters in Provo, UT. It is the  5 times winner of Finnovate Best of Show and currently has more than 500 banks and credit unions as its clients . It revolutionizes the customer banking experience for promoting a huge customer advocacy driven platform for managing money. It is a pioneer in digital money management technology and has risen to be a dominant force in USA.

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