MX Raises $300 Million in Series C Funding, Increases Valuation to $1.9 Billion, by Automating the Money Experience
MX Raises $300 Million in Series C Funding, Increases Valuation to $1.9 Billion, by Automating the Money Experience
01/13/21, 1:14 PM
Location
lehiMoney raised
$300 million
Industry
banking
fintech
financial services
Round Type
series c
MX, the leader in data-driven finance and creator of the Money Experience category, today announced it has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72 Ventures, and Pelion Venture Partners, along with Regions Financial Corp. In the last 12 months, the company has increased its market valuation to $1.9 billion, powering more than 2,000 banks, credit unions, fintechs, and technology companies, as well as 85% of digital banking providers, with a combined reach of over 200 million consumers.
Company Info
Location
lehi, utah, united states
Additional Info
MX Technologies, Inc., a leader in Open Finance, helps organizations everywhere connect to the world's financial data and turn raw, unstructured data into their most valuable asset to deliver intelligent and personalized money experiences. MX connects more than 13,000 financial institutions and fintechs providing the industry's most reliable and secure data connectivity network. Additionally, MX powers 85% of digital banking providers, as well as thousands of banks, credit unions, and fintechs, with a combined reach of over 200 million consumers. To learn more follow us on Twitter and LinkedIn @MX or visit www.mx.com.