MX Raises $300 Million in Series C Funding, Increases Valuation to $1.9 Billion, by Automating the Money Experience
Amount Raised
$300 Million
Round Type
Series C
LehiFinancial ServicesFintechBankingDescription
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.
Quick answer
Mx raised $300 Million in a Series C round, dated January 13, 2021. Mx is based in Lehi, Utah, United States.
- How much did Mx raise?
- Mx raised $300 Million in a Series C round on January 13, 2021.
- What does Mx do?
- 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..
- Where is Mx based and how big is it?
- Mx is based in Lehi, Utah, United States.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Mx that raised within 45 days of this round, from Fundz verified event records.
- National Bank of Canada raised $15M (Funding Round) on February 9, 2021.
- Discover raised an undisclosed amount on January 15, 2021.
- Hancock Whitney raised an undisclosed amount on January 7, 2021.
- Bread Financial™ raised $157M on December 18, 2020.
- Finix raised $100M (Funding Round) on February 24, 2021.
- BharatPe raised $108M (Funding Round) on February 23, 2021.
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