Battery Ventures is a investment firm that focuses on technology. It invests in potentially, category-defining businesses in markets including application software, IT infrastructure technologies, consumer-internet and mobile services, and industrial technologies.

Battery Ventures

Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

Kohlberg Kravis Roberts is an investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The company generates investment returns for its fund investors through a patient and disciplined investment approach, employing people, and driving growth and value creation.

Kohlberg Kravis Roberts

CE Innovation Capital has been investing in Fintech, Web3 and AI since 2016.

CE Innovation Capital

Ribbit Capital is a venture capital firm that invests in early-stage companies. The firm invests globally in individuals and brands who are aiming to disrupt financial services.  The investment firm was founded in 2012 by Meyer Malka and headquartered in Palo Alto, California.

Ribbit Capital

Poalim Capital Markets is a boutique investment banking firm that offers financial advisory services. The firm provides mergers and acquisitions, corporate divestiture, corporate recapitalizations and restructurings, leveraged buyouts, valuations and fairness opinions, private placements, and initial public offerings advisory services. Additionally, it offers feasibility study, private placement memorandum and investor presentation preparation, client road-show organization, and term sheet negotiation and closing services. The firm caters to corporations, institutional investors, and high net-worth individuals. It has strategic alliances with William Blair & Company, YES BANK, and Poalim Asia Direct. The firm was founded in 1990 and is based in Tel Aviv, Israel. Poalim Capital Markets Ltd. operates as a subsidiary of Bank Hapoalim B.M.

Poalim Equity

Founded in 2012, LionTree is an independent investment and merchant bank with deep roots in the media, technology, communications, consumer, and creative industries. LionTree's thematic focus and expertise provide a differentiated perspective to help their relationships unlock growth and transformation across key areas of the global digital economy.

LionTree

Shefa Capital is a venture capital fund that focuses on later-stage opportunities for interesting and visionary companies. The firm also invests in the areas of cybersecurity, augmented reality, semiconductors, artificial intelligence, fintech, mobility, enterprise software, mobile/AR applications, and communications. It looks to provide superior returns for their investors by funding extraordinary entrepreneurs whose companies have established a leadership position with their pioneering offerings, proven unfair advantage over their competition and aim to disrupt large industries.

Shefa Capital

VCI Global is an integrated team of industry experts dedicated to delivering comprehensive advisory and capital-raising services spanning the entire capital spectrum. Our solutions-oriented approach to corporate advisory engagements leverages experience and market knowledge gained across all industries.

VCI Global

Ion Pacific invests creative capital in the technology sector to galvanize opportunities, connect markets and tackle the challenges of building a great business. As the technology sector has grown and matured, venture capital LPs, GPs, corporate venture capital funds and technology companies face new challenges that require creative capital solutions. Ion Pacific has a blindpool venture capital structured secondaries fund. Ion Pacific was founded in 2015 and has offices in Hong Kong, New York City and Europe

Ion Pacific

Eldridge Industries invests across insurance, asset management, technology, mobility, sports & gaming, media & music, real estate, and consumer industries. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise.  Eldridge Industries is headquartered in Greenwich, Connecticut, with additional offices across the United States and London.

Eldridge Industries

T. Rowe Price is an investment management firm dedicated to funding technology startups. The firm serves individuals, financial intermediaries, and institutions and offers a full range of investment strategies across a broad spectrum: debt, equities, and private equities.

T. Rowe Price

Hanaco Venture Capital is a technology company with visionary and passionate entrepreneurs. Hanaco was founded by Alon Lifshitz, Lior Prosor, and Pasha Romanovski in 2017 and is headquartered in Tel Aviv, Israel.

Hanaco Venture Capital

Whale Rock Capital Management is an investment firm that focuses on the technology, media, and telecom sectors. The firm was established in 2006 and is headquartered in Boston, Massachusetts, United States.

Whale Rock Capital Management

Cross River Bank

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Alviere offers the infrastructure platform “The HIVE” for non-banking enterprises to embed several banking and payment-related financial services for their respective customers and employees. Its banking solutions include white-label infrastructure for enterprises to offer Federal Deposit Insurance Corporation (FDIC)-insured bank accounts, with in-built compliance and security, and issue physical and virtual cards (debit, prepaid, and loyalty). Through its payment solutions, The HIVE enables subscription and real-time payments through means including automated clearing house (ACH), merchant card processing, and cross-border transactions in over 100 currencies. Alviere follows a pay-per-use business model, charging users an interchange fee based on the transactions handled by the platform. The company offers its services in North America primarily targeting large enterprises such as the Fortune 500 companies. It noted that it had closed deals with two unnamed enterprise users (in October 2021), each having more than 10 million subscribers/customers. Alviere partnered with the cross-border payment solution provider Currencycloud in April 2021 to provide Alviere’s enterprise clients with the functionality of Currencycloud’s Spark solution (a multi-currency e-wallet with individual International Bank Account Numbers [IBANs]). The company raised USD 50 million in Series B funding in October 2021, six months after it raised USD 20 million in Series A funding. The last raised funds were earmarked for accelerating go-to-market activities and expanding operations to Europe and Latin America.

Deserve provides a platform for universities, associations, financial institutions, FinTechs, and consumer brands to develop credit card programs using application programming interfaces (APIs). Its platform covers a range of solutions including issuance, marketing, customer experience, and portfolio analytics, among others.Deserve’s offering includes multiple types of cards including white-label (users customize the cards), co-branded (users only focus on key differentiators of rewards and marketing), and affinity (specialized university programs) cards. The company also partners with leading credit card platforms, including Mastercard, Visa, and Marqeta.Key customers and partnershipsAs of February 2020, its customers included large enterprises such as Sallie Mae and the New Jersey Institute of Technology (NJIT), and leading universities such as Berkeley and UCLA. The company intends to expand to more industries in the future, including wine, travel, cryptocurrency, and fashion.Deserve&nbsp;<a href="https://sp-edge.com/updates/6195">partnered with Zero Hash in October 2021</a>, to enable its partners to offer crypto rewards on credit card purchases through several digital assets, including Bitcoin and Ethereum.In May 2022, Deserve partnered with BlockFi, M1 Finance, OppFi, Seneca Women, Notre Dame Global Partnerships, and KrowdFit to launch<a href="https://www.pymnts.com/news/investment-tracker/2022/deserve-adds-250m-to-support-growth-of-digital-credit-card-platform/partial/"> credit card programs</a>.

Digitizing the commercial real estate value chain

Commercial PropTech

Keyway is a commercial real estate technology platform that leverages artificial intelligence to streamline real estate transactions for small and medium-sized businesses. Founded in 2020 and headquartered in New York, the company initially focused on facilitating sale-leaseback transactions for business owners, particularly in the medical, dental, and veterinary sectors. Keyway's platform uses machine learning and data science to source, underwrite, and manage properties, aiming to reduce transaction times by 90% and fees by 50% compared to traditional methods.
The company's technology, now branded as Keypilot, incorporates over 300 data sources and 1,200 data points for each asset to assist in property sourcing and underwriting. Keypilot offers features such as a filtering service and chatbox for property searches, automated underwriting calculations, and tools to manage the closing process and ongoing asset performance evaluation. As of July 2024, Keyway had expanded its focus to become an AI-powered real estate investment manager, offering solutions for multi-family and sale-leaseback investments.
Keyway's business model has evolved since its inception. Initially, the company managed real estate deals for investors, but it later pivoted to offer its proprietary software as a standalone product. This shift came in response to client demand for direct access to the technology. As of November 2023, Keyway was targeting transactions below USD 10 million, a segment often overlooked by larger institutional investors. The company reported having USD 50 million in asset transactions as of April 2022, with an average transaction size of around USD 2 million. Keyway aimed to facilitate at least USD 200 million in transactions by the end of 2022.

Lev is a commercial real estate financing platform that aims to transform the industry's complex lending process into a digitized experience. Its proprietary AI technology and deep industry expertise streamline the application process with automation and deal management tools for borrowers and brokers. Lev offers an end-to-end digital lending platform that specializes in permanent, non-recourse loans on single-tenant net lease (NNN) properties. As of February 2022, Lev had originated nearly USD 1 billion in loans via its marketplace in 2021 and reported a 10x year-over-year growth in its second year of operation.
In June 2024, Lev launched Lev Pipeline Management, an AI-powered tool allowing sponsors to track potential acquisition targets, share details across teams, convert pipeline properties into financing transactions, and access interactive loan sizing, lender matching, and automated material creation features. Through this expansion into additional parts of the CRE workflow, Lev aims to become the nexus of all CRE transactions.

Making banking work, without the paperwork

Neobanks

Current offers banking services to individuals via a mobile app. The company was initially launched in 2015 to cater to the teen segment but has since branched out to offer personal checking accounts and savings accounts to the broader population. The company’s customer base and the product focus, however, remain skewed towards younger demographics, with its average customer age standing at 27, as of April 2021.The company offers checking accounts, incorporating features such as the removal of minimum balance requirements, faster direct deposits, instant spending notifications, banking insights, and free ATM transactions. The company also provides savings accounts, offering a 4.0% Annual Percentage Yield (APY), which the company claims is 60x higher than the national average, and are paid on funds of up to USD 6,000. The savings feature also pays interest on a daily basis. In addition, the platform also provides fee-free overdraft facilities, a prepaid credit card that helps build credit scores, as well as fee-free access to a network of 40,000 ATMs. Current also caters to families and provides teen banking facilities, providing debit cards for teens, while also enabling parents to maintain control and visibility over these accounts.In 2020, the company launched a points reward program for debit card users, in a bid to differentiate itself from its competitors. Under the program, debit card holders would be entitled to generate up to 15x points on debit card purchases at over 14,000 retailers in the US, which can be redeemed for cash at a rate of 100 points per dollar. In addition, it allows customers to trade and invest in cryptocurrencies through its app without any trading fees.Key customers and partnershipsAs of August 2022, the company had more than 4 million customers.The company <a href="https://sp-edge.com/updates/21246">partnered with Cross River Bank</a> (in August 2023) to introduce a credit card that helps individuals build credit. The card is issued by Cross River on the Visa network.Funding and financialsIn April 2021, the company raised USD 220 million in Series D funding led by Andreessen Horowitz, at a valuation of USD 2.2 billion. This reflected a 3x jump of the valuation (USD 750 million) it recorded in the previous funding round in November 2020. The company expects to use the funding to double its workforce over the next 18 months and increase its product offering.

Using AI to mimic and understand human language

Natural Language Processing Tools

Ocrolus is an AI-driven document automation platform that optimizes credit decisions for small business, mortgage, and consumer lending. The company's technology combines optical character recognition (OCR), machine learning, and Big Data to analyze financial documents such as bank statements, paystubs, and mortgage applications. Ocrolus' platform provides key data capture, cash flow analysis, and fraud detection with over 99% accuracy. The company's AI-powered service, Instant, allows lenders to analyze financial documents for faster lending decisions while reducing risk. Ocrolus integrates various AI technologies, including GPT embeddings from OpenAI, and subsystems from Amazon and Google, along with its proprietary deep learning architectures.
Ocrolus' technology is designed to process both structured and unstructured documents, with most documents processed without human interaction. This approach ensures accuracy regardless of the source material, whether it's a clean bank statement from a major bank or a blurry cell phone image from a small community bank.
The company has experienced significant growth since its inception. In the second quarter of 2021, Ocrolus reported revenue of USD 20 million, a substantial increase from USD 1 million in the first quarter of 2018. In May 2023, Ocrolus closed its strongest month for new business in company history, adding 20 new customers in 45 days across various lending sectors.
Key customers and partnerships
Ocrolus serves a diverse range of financial institutions, including small business, mortgage, consumer, and auto lenders, as well as technology partners in proptech and income verification. Notable clients include PayPal, Plaid, Enova, Bluevine, SoFi, Brex, and Cross Country Mortgage. Ocrolus has also expanded its focus to include banks and traditional financial institutions that are integrating digital products and services into their existing infrastructure.

Current is a leading consumer fintech banking platform transforming financial access for everyday Americans. We're focused on building integrated solutions to solve needs that stand between Americans and their financial goals, making it easier for everyone to build the future they deserve. To learn more about us, visit http://www.current.com or download our app on the App Store or Google Play. Current is backed by investments from Andreessen Horowitz, Tiger Global Management, Avenir, Wellington Management, General Catalyst, Cross River, Foundation Capital and QED Investors.

Fundbox is an AI-powered financial platform for small businesses that offer fast and intuitive access to business credit. The company is on a mission to empower the small business economy by unlocking customer growth. It is headquartered in San Francisco, California by co-founders Eyal Shinar, Tomer Michaeli, and Yuval Ariav in 2013.

Fortunafi is an on-chain financial institution that delivers solutions for stablecoin issuers, protocol treasuries, and traditional entities. Our offerings include a variety of investment products, such as private and public debt funds.

Israel Bonds is an investment corporation that trades in bonds issued by the government of Israel for international investors.

Loads of Dignity is a non profit organization which  restores dignity and extends a helping hand UP to homeless and low-income neighbors.

It is to provide the Mortgage of the Future, a better mortgage loan through an exceptional service that fits your needs. They provide an alternative to the complicated and traditional procedures of the past, modernizing the experience of their users through an agile and avant-garde service with personal advice and fair rates.

Deserve Inc. is a leading mobile-first credit card platform built on a cloud-native and API-enabled architecture, which allows partners to offer superior personalized experiences for cardholders. We partner with financial institutions, fintechs, lenders, and merchant co-brands.

Lev provides a technology platform for digitizing commercial real estate transactions. The company was founded in 2019 and is based in New York, New York, USA.

Cherry is a payment solutions company that offers fast and easy payment plans for medical practices. It helps medical providers treat more patients by offering the best ``buy now, pay later`` solution with high approvals, low cost, and a seamless experience. The company was founded in 2017 and is based in San Francisco, California.

Keyway provides AI-based solutions for sourcing, acquiring and managing commercial real estate properties.

Ocrolus is a document automation platform that powers the digital lending ecosystem, automating credit decisions across fintech, mortgage, and banking. The company provides document analysis infrastructure to customers like PayPal, Brex, SoFi, and Plaid, and has raised over $100 million from blue-chip fintech investors. Ocrolus enables financial services firms to make high quality decisions with trusted data and unparalleled efficiency.

Scrypt AI provides an industry leading Integrated Payables and Receivables platform that leverages machine learning and artificial intelligence to deliver fast, zero-touch invoice coding, check coding, digital payments and account reconciliation. Scrypt seamlessly integrates with deposit and payment imaging solutions as well as third-party ERPs and eSign products.

Alviere is a finance platform that provides embedded financial products and technology to its customers. It streamlines and automates the delivery of financial products like banking, mobile payments, card issuance, payment processing, and cross-border currency exchange, enabling its clients to strengthen customer relationships, increase revenue and maximize profits.

SeedFi is building a new generation of financial products for the 100MM Americans living paycheck to paycheck. Their customers include the most vulnerable members of society and their products have a tangible impact on their financial health, providing lower-cost access to capital and the opportunity to build credit and start saving. They were founded in early 2019 by a team of fintech (and tech!) veterans. Having spent the past 10+ years lending to lower-income consumers who need better options, they’re highly attuned to the challenges people face getting access to financial services that leave them in a better place. They aim to change that. SeedFi has offices in San Francisco and New York.

Divvy Homes is a tech-enabled real estate platform that facilitates rent-to-own home purchases. Its platform selects any home on the market and buys it for the renter who in turn makes down payments and gets a jump start on owning a house, enabling customers to close the housing affordability gap. The company was founded in 2017 and is headquartered in San Francisco, California.

Cross River Bank combines innovative technologies with the expertise of a bank to create new services and solutions for fintech companies that are redefining global financial services. In addition to traditional banking, the company has developed partnerships with financial technology leaders to build compliant and integrated products for the marketplace lending and payment processing arenas.

Cross River Bank provides a white-label banking-as-a-service (BaaS) platform for enterprises, combining banking services, payments, and marketplace lending infrastructure to build fintechs. Its solutions comprise demand deposits, savings accounts, credit and debit cards, and payment clearing services, including automated clearing house (ACH) and real-time payments. The company also provides banking and payment infrastructure for the crypto industry, including risk management services for its crypto clients.

Fort Lee-headquartered Cross River Bank marks 16th anniversary

Current

Platforms offering digital checking and savings accounts that target niche consumer segments with specific interests such as kids, teens, and ethnic minority groups

Fundbox

Waterfall Asset Management

Fortunafi

Space Whale Capital

166 2nd Financial Services

Vine Ventures

Shima Capital

Claure Group

Manifold

Israel Bonds

Illinois State Treasurer

Florida Department of Financial Services

New York State Common Retirement Fund

Commonwealth of Pennsylvania

Loads of Dignity

Yave

MetaProp

Better Tomorrow Ventures

Moore Capital

DILA Capital

Activant Capital

Goodwater Capital

Wollef Ventures

Magma Partners

Vinte

The Fintech Fund

American Express

Cross River Bank and American Express have begun a collaboration that allows Cross River to issue credit cards on behalf of FinTechs on American Express’ network.

Mastercard

To expand buy now, pay later (BNPL) program, Mastercard has added several new global partners aiming to provide more small businesses with flexible payment options and build trust in the payments ecosystem.

Buy Now, Pay Later

The providers plug into merchant checkouts and convert business purchases into installments.

Deserve Inc.

Goldman Sachs

Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Platforms that connect commercial real estate owners with real estate lenders to raise funds

Parker89

Canaan Partners

StepStone Group

Citi Ventures

JLL Spark

Blitzscaling Ventures

ANIMO Ventures

Capital One Ventures

Citi SPRINT

Cherry

Keyway

i80 | Group

Platforms that provide online marketplaces that connect buyers and sellers as well as real estate brokers

Ocrolus

Fin Capital

Thomvest Ventures

QED Investors

Bullpen Capital

ValueStream Ventures

FinTech Collective

RiverPark Ventures

Oak HC/FT

Laconia

Stage 2 Capital

Mubadala

Invus Opportunities

Cohen Circle

Verdure Capital Management

Solutions that use techniques such as named entity recognition, part-of-speech tagging, or summarization to produce insights from unstructured textual documents.

Scrypt

Launchpad Capital

Alviere

Viola Ventures

Mitsubishi UFJ Capital

Draper Triangle

CommerzVentures

Cerca Partners

Viola FinTech

Wix Capital

SeedFi

Cross River, a New Jersey State Chartered FDIC-insured bank and FinTech leader, is announcing today a partnership with Mastercard  to launch its new Mastercard Cash Pick-Up service.

Cross River Bank provides a white-label banking-as-a-service (BaaS) platform for enterprises, combining banking services, payments, and marketplace lending infrastructure to build fintechs. Its solutions comprise demand deposits, savings accounts, credit and debit cards, and payment clearing services, including automated clearing house (ACH) and real-time payments. The company also provides banking and payment infrastructure for the crypto industry, including risk management services for its crypto clients.Cross River Bank has expanded its operations by acquiring Betterfin, a platform offering lending-as-a-service (LaaS) solutions, in November 2021. Through the acquisition, Cross River Bank leveraged Betterfin’s software to digitize parts of the small-business lending process (such as origination and underwriting).&nbsp;Key customers and partnerships&nbsp; As of November 2024, Cross River had over 80 clients, including lenders such as Affirm, Best Egg, and Upstart, neobanks such as <a href="https://sp-edge.com/companies/220119">Revolut</a>, and blockchain-based payment processing platform GreenBox. The platform reportedly originated over USD 24 billion in loans per annum, around 10x the value of loans it originated in 2015.As of November 2024, the company had over 500 employees and had entered more than 80 partnerships.&nbsp;In September 2024, Cross River Bank partnered with Forward, an embedded payments company, to offer payouts-as-service solutions featuring same-day automated clearing house (ACH) payouts through Forward's proprietary API technology.&nbsp;Cross River Bank also teamed up with UK-based BaaS provider <a href="https://sp-edge.com/companies/421515">Railsr</a> in January 2019 to launch a common API for their platforms to be used globally.The company partnered with <a href="https://sp-edge.com/companies/1643">American Express</a> (Amex) to enable FinTechs to issue credit cards through Cross River Bank, on the Amex network, while also providing select Amex benefits to the FinTechs.&nbsp;

Synctera was co-founded in 2020 by Peter Hazlehurst, the former head of Uber Money, who previously led the development of Google Wallet. The company offers an API-based infrastructure platform for community and regional banks to find and partner with FinTechs. This enables FinTechs to leverage the former’s licenses to embed FDIC-insured mobile checking, debit cards, savings accounts, and payment innovations, among other features. The API platform offered to the banks will then be sold to the FinTechs to code on. Although the end customers interact with the FinTechs, they legally belong to the bank.<a href="https://sp-edge.com/updates/8117">Synctera mainly charges the banks </a>based on the interchange fees they earn (half of the interchange fees, as of January 2022) from the services provided. It does not charge them an initial amount to use the platform. Moreover, the platform also embeds fraud-as-a-service and charges FinTechs on a per transaction basis (4 cents per transaction) should they choose to use it. It subsequently shares that revenue 50/50 with the banks.The company launched the “t-minus10” project in January 2022, which offers a live sandbox for FinTechs to build apps, test, and go to market, enhancing their access to banking partners. It subsequently launched a “Smart Charge Card” (APIs to build, launch, and issue charge cards) and “White-label Banking App” (a codebase for developers to build embedded banking products or neobank apps) infrastructure in October 2022.Key customers and partnershipsIn February 2022, Lineage Bank (a community bank in Tennessee) and GoGetr (FinTech aiming to promote health and wealth management) became the first companies to launch a banking solution using the Synctera platform. As of March 2023, the platform was working with around 50 fintechs, of which 14 were live (including Wayapay and Float). Synctera reportedly had over 20 implementations set for launch in the following two months.Synctera announced a new card issuing and management infrastructure offering (Card-as-a-Service), in July 2021, which it developed in partnership with Mastercard and leading card issuing infrastructure disruptor, <a href="https://sp-edge.com/companies/64287">Marqeta</a>.In August 2024, Synctera partnered with<a href="https://thepaypers.com/payments-general/synctera-partners-marqeta-to-introduce-fleet-cards--1269833"> Marqeta&nbsp;</a>to develop a fleet card solution that helps companies create and manage their own fleet card and banking products.

Synctera

Based in the UK, Weavr, formerly known as Open Payments Cloud, was spun out of payment provider Ixaris in 2019. Weavr offers the infrastructure for enterprises to embed banking services across various industries, including education, fitness, logistics, etc. Weavr’s “Meta” platform combines multiple banking and payments partners in one platform through application programming interfaces (APIs). Using the APIs, enterprises can embed virtual banking services such as card payments, fund transfers, and international banking accounts.Weavr expanded its operations to Singapore in November 2022, as part of its global expansion plans.In March 2023, the company acquired Comma Payments in a primarily equity-based transaction to integrate the latter’s technology. The integration will allow customers to transition from making payments via existing bank accounts to using Weavr-provided accounts with enhanced controls and payment options.Key customers and partnershipsAs of February 2023, Weavr had served over 1,500 enterprises, including Wectory, AllGravy, Corplife, Finway, Thanks Ben, and MySkillCamp.&nbsp;In October 2019, Weavr partnered with payment service providers Global Processing Services (GPS), Paynetics, and iDenfy to enable developers to create and run sophisticated and streamlined payment experiences for their European customers through Weavr.In June 2023, the company&nbsp;<a href="https://www.weavr.io/blog/weavr-and-visa-to-deliver-embedded-finance-to-the-global-stage/">partnered with Visa</a> to integrate its financial plug-ins with Visa's payment capabilities to create embedded finance solutions that are easy to deploy and cost-effective.

Weavr

MX offers an open finance portal, data connectivity application programming interface (API), and MX platform API for banks, credit unions, and other financial service providers. The company’s solutions allow its clients to utilize financial data to reduce fraud, approve loans faster, and improve their customer experiences. In addition to APIs and connections, MX also offers a range of capabilities, including data aggregation, analytics, financial feed insights, wealth and investment services, and verification services.MX looks to enable banks and financial institutions to launch next-generation services and apps that automate and personalize financial experiences.Key customers and partnershipsAs of January 2021, the company noted that it worked with more than 1800 banks, credit unions, and FinTech companies, and its platform reached over 200 million end-users. Moreover, it also powered 43 of the top 50 digital banks as of the same period.&nbsp;As of November 2024, the company maintained connections with more than 13,000 financial institutions and FinTechs. Moreover, the company had processed transactions worth USD 170 billion, averaging around USD 150 million per day.In November 2024, the company partnered with&nbsp;<a href="https://www.pymnts.com/news/banking/2024/american-express-forms-data-sharing-partnership-with-mx/">American Express</a> to enable the latter’s customers to securely connect their accounts with third-party financial institutions and FinTech apps through MX's platform.In&nbsp;<a href="https://sp-edge.com/updates/8753?industryIds=53">February 2022, MX partnered</a> with&nbsp;<a href="https://sp-edge.com/companies/361160">Rize</a>, to enable users to access Rize’s banking infrastructure to build, launch, and scale financial products through a single API, thereby reducing the development time and cost.&nbsp;&nbsp;

Bankable is a banking-as-a-service (BaaS) infrastructure provider allowing financial institutions and corporations to utilize its API to integrate banking services. It provides a platform for its enterprise customers to offer modular banking services, including ledger management (process data from multiple banks to support cash management for global corporate affairs), digital banking, payment cards, and e-wallets. The company expanded its platform by <a href="https://sp-edge.com/updates/19662">acquiring Arex Markets </a>in June 2023, to embed working capital solutions (such as flexible invoice financing, corporate credit cards, lodged cars, and revolving credit).The company has a global presence, with operations spanning from the US to the Middle East as of January 2021. Bankable noted that the expansion of its global footprint also helps its European and US FinTech clients expand their operations internationally.Key customers and partnershipsIn January 2020, the company partnered with the diversified FinTech infrastructure provider <a href="https://sp-edge.com/companies/85350">Plaid </a>, which enabled Bankable’s customers to use Plaid’s tech to connect to more than 15,000 banks in the US and Europe.

Bankable

Platforms that enable FinTechs to integrate a range of payment-related services such as one-time payments, subscriptions, and receipt management for domestic and cross-border transactions.


Companies that enable organizations to embed anti-money laundering (AML), identity verification, and know-your-customer (KYC) solutions.


Platforms that allow FinTechs to integrate lending services,  by typically applying AI/ML technology to a spending analysis to analyze creditworthiness.

Companies providing APIs and integrations for FinTechs to access securities markets, facilitate transactions and clearing, and provide insights to help end-users manage their finances.

May specialize in promoting inclusiveness in financial services, primarily in the investment and lending spaces

AI/ML can improve the quality of their offerings, such as using AI/ML to reduce biases

Used for payment completions, accessing banking and transaction data, and providing financial insights, among others

Cross River Bank

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