MX

Overview
Activities
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FinTech Infrastructure?
Product stageSegments
Expansion
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Banking services
?

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 partnerships

As 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. 

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 American Express to enable the latter’s customers to securely connect their accounts with third-party financial institutions and FinTech apps through MX's platform.

In February 2022, MX partnered with Rize, 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.

 

 

HQ location:
3401 N Thanksgiving Way Suite 500 Lehi UT USA
Founded year:
2010
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 450.0 mn
Last Funding:
USD 300.0 mn (Series C; Jan 2021)
Last valuation:
USD 1.9 bn (Jan 2021)
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