What is MX?
MX is at the forefront of Open Finance, enabling organizations to connect with global financial data and convert unstructured information into valuable insights for personalized money experiences. The company's robust data connectivity network powers 85% of digital banking providers, alongside thousands of other financial institutions and fintechs, reaching over 200 million consumers. Their mission is to provide the industry's most reliable and secure data infrastructure, facilitating intelligent financial services.
How much funding has MX raised?
MX has raised a total of $454M across 5 funding rounds:
Angel/Seed
$20M
Series A
$30M
Private Equity
$4M
Series B
$100M
Series C
$300M
Angel/Seed (2014): $20M with participation from North Hill Ventures, Commerce Ventures, TTV Capital, Plus550, and Peak Ventures
Series A (2015): $30M led by USAA and Digital Garage
Private Equity (2015): $4M, investors not publicly disclosed
Series B (2019): $100M featuring Digital Garage, Cross Creek Capital, Battery Ventures, National Bank, H.I.G. Capital, Point72, Washington Federal, Sorenson Capital, Pelion Venture Partners, Commerce Ventures, Industry Ventures, and TTV Capital
Series C (2021): $300M backed by Geodesic Capital, CapitalG, Greycroft Partners LLC, Canapi Inc., Tarrant Capital IP, LLC, and Cota Capital
Key Investors in MX
Geodesic Capital
Geodesic Capital is an investment firm specializing in multi-stage growth investments in leading technology companies, with a strategic focus on expanding into Asian markets. They provide critical access and guidance for companies aiming for long-term growth in the rapidly developing Asian landscape.
CapitalG
CapitalG is Alphabet's independent growth fund that invests capital and expertise to support remarkable entrepreneurs and transformational companies in accelerating their growth, focusing on growth-stage companies with significant capital and hands-on operational support.
Greycroft Partners LLC
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs gain visibility and build successful businesses.
What's next for MX?
With its recent major strategic investment, MX is poised to further solidify its market leadership and expand its innovative solutions. The substantial capital infusion, indicated by $300M, suggests a strategic focus on scaling operations, enhancing its data connectivity network, and potentially exploring new market opportunities. This backing from prominent investors will likely fuel advancements in AI-driven financial insights and deepen its integration within the digital banking ecosystem, positioning MX for continued growth and influence in the fintech landscape.
See full MX company page
