About Finxact
Finxact is a company based in Jacksonville (United States) founded in 2016 was acquired by Fiserv in February 2022. Finxact has raised $74.84 million across 3 funding rounds from investors including Truist, Fiserv and Fiserv. The company has 133 employees as of December 31, 2021. Finxact offers products and services including Finxact Platform, Product Launchpad, and API References. Finxact operates in a competitive market with competitors including nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
- Headquarter Jacksonville, United States
- Employees 133 as on 31 Dec, 2021
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Financial Services
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- Legal Name Finxact, Inc.
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Products & Services of Finxact
Finxact offers a comprehensive portfolio of products and services, including Finxact Platform, Product Launchpad, and API References.
Cloud-native platform for API-first banking innovation and integrations.
Tool to design and launch financial products quickly.
Suite for seamless integrations and accelerating financial development.
People of Finxact
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Software Development Team
284 people
Leadership Team
83 people
Sales and Marketing
81 people
Finance and Accounting
38 people
Human Resources and Administration
30 people
Product Management Team
25 people
Operations Team
23 people
Data Analysis and Operations Team
14 people
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Funding Insights of Finxact
Finxact has successfully raised a total of $74.84M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $32.84 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Finxact
Finxact has secured backing from 8 investors, including institutional investors. Prominent investors backing the company include Truist, Fiserv and Fiserv.
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Venture capital investments are provided to Texas-based tech founders.
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Investor details for Finxact
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Investments & Acquisitions by Finxact
Investment portfolio details for Finxact
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Financial Statements - Finxact
Detailed financials for Finxact
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Finxact Comparisons
Peer comparison for Finxact
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Competitors of Finxact
Finxact operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as nCino, ION Group, Tuum, Thought Machine and Backbase, among others.
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Cloud-based API platform for banking operations is provided.
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Treasury management solutions are provided for financial institutions and banks.
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Cloud-native API-first core banking platform is provided for banks.
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Cloud-based platform for core banking is developed via APIs.
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AI-powered banking platforms are provided for operational growth.
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Cloud-based core banking solutions are offered to financial institutions.
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Detailed competitors of Finxact
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Latest news on Finxact
Complete news archive for Finxact
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Frequently Asked Questions about Finxact
Finxact was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Finxact is headquartered in Jacksonville, United States.
Finxact is a funded company, having raised a total of $74.84M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Finxact is 133.
Finxact was founded in 2016 in Jacksonville, United States, as a provider in the fintech sector. Core banking operations are supported through a cloud-based platform featuring open APIs. Deposits, loans, and transactions are managed, while business rules are configured by financial institutions. A marketplace is offered for fintech suppliers to integrate solutions via APIs, enabling connections to the core platform.
Finxact's top competitors include nCino, Thought Machine and Tuum.
Finxact offers Finxact Platform, Product Launchpad, and API References.
Finxact has 8 investors. Key investors include Truist, Fiserv, Fiserv, Accenture, and American Bankers Association.