About Finxact
Finxact is a Financial Services company based in Jacksonville (United States) founded in 2016, and was acquired by Fiserv in February 2022. Cloud-based core banking software is delivered via open APIs. Finxact has raised $74.84 million across 3 funding rounds from investors including Truist, Fiserv and Fiserv. The company has 133 employees. Finxact offers products and services including Finxact Platform, Product Launchpad, and API References. Its focus areas include FinTech, Banking Tech and Core Banking Platforms. Its legal entity is FINXACT, INC. Its competitors include nCino, ION Group and Nymbus; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Jacksonville, United States
- Employees 133
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website finxact.com
- Social LinkedIn X
- Acquired by Fiserv (Feb 2022)
- Legal Name Finxact, Inc.
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.
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.
- Total Funding $74.84M
- Total Rounds 3
- Last Round Series B — $32.84M
- First Round $12M
(May 2017)
- Investors Count 7
All 3 funding rounds of Finxact with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | $32.84M | Series B | – | – | – |
| Jan 2019 | $30M | Series A | – | American Bankers Association, Accenture | |
| May 2017 | $12M | Seed | – | LiveOak Venture Partners | – |
8 investors in total: 8 institutional.
Investors in Finxact
Finxact has secured backing from 8 investors, including institutional investors. Prominent investors backing the company include Truist, Fiserv and Fiserv.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Training, education, and certification services are provided to banking members. | 1875 | aba.com | ||
IT and management consultancy services are provided globally. | 1989 | accenture.com | Dublin, Ireland | |
Venture capital investments are provided to Texas-based tech founders. | liveoakvp.com | United States | ||
TN is recognized as a leader in banking IT solutions. | tnis.com | Bangkok, Thailand | ||
Payment processing and electronic commerce services are offered worldwide. | 1971 | firstdata.com | Atlanta, United States | |
Woodforest National Bank is engaged in providing banking and financial services. | woodforest.com | United States | ||
Wealth advisory and banking services are offered to clients. | 1872 | truist.com | Charlotte, United States | |
Diversified financial solutions for business processing and management are provided. | 1984 | fiserv.com | United States |
Investor details for Finxact
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Finxact
662 people are tracked at Finxact (431 in leadership, 8 in board & advisors, 223 in team); the tracked headcount is 133.
| Name | Role | Group |
|---|---|---|
Hemal Yadav | Director IT | Leadership |
Guy Chiarello | COO | Leadership |
Christopher M. Foskett | Chief Sales Officer & Vice Chairman | Leadership |
Riegie Godwin Jeyaranchen | Director Of Software Engineering | Leadership |
Prasanna Dhore | CDO & President, Data Commerce Solutions | Leadership |
Deva Annamalai | Head Of Strategy And Solutions Consulting, Digital Payments | Leadership |
Carlos Correal | Director Of Engineering | Leadership |
Brianne Mathew | Director Information Technology II Customer Experiences | Leadership |
Eric Pofsky | Senior Vice President Finance | Leadership |
Joshua Bates | Director, Mainframe Security Engineering | Leadership |
Jason Roth | Director, IT Architecture | Leadership |
Andrew Gelb | Head of Financial Solutions | Leadership |
Robin Ording | Senior Vice President, Talent Management & Learning | Leadership |
Yezdi M. | Vice President Information Technology | Leadership |
Ashit Dave’ | VP Of IT | Leadership |
Edwin Fromayan | Vice President Information Technology Services | Leadership |
Andy Haffke | Vice President Information Technology | Leadership |
Jochen Figge | Director Key Accounts | Client Relations | Leadership |
Umesh Raj | Senior Director, Digital Experience And E-commerce Technology | Leadership |
Mohd Amir | Vice President Of Technology | Leadership |
642 more people are available in the full profile.
Complete people profiles for Finxact
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Finxact
4 dated milestones of Finxact across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Finxact is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series B, of $32.8M.
- Exit Acquired by Fiserv.
Competitors of Finxact
Finxact has 3 listed competitors in our database, 3 of them funded. They include nCino, ION Group and Nymbus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ncino.com | 2011 | Wilmington, United States | $221.56M | 1,833 | Cloud-based API platform for banking operations is provided. | |
| iongroup.com | 1998 | New York, United States | $400M | 988 | Treasury management solutions are provided for financial institutions and banks. | |
| nymbus.com | 2015 | Miami, United States | $195.42M | 221 | Cloud-based core banking solutions are offered to financial institutions. |
Detailed competitors of Finxact
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Finxact
The website of Finxact (finxact.com) receives about 5.2K visits a month.
- Monthly visits5.2K
▼ 1.9% vs previous month
Websites whose visitors overlap most with Finxact. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gocanopy.com | 100% | 7.6K | #2,920,517 | View details | |
| relevize.com | 96% | 3.5K | #4,979,538 | View details | |
tamcocorp.com | tamcocorp.com | 89% | #8,745,779 | – |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Finxact (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about 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. The company's 1st funding round was a Seed of $12M, raised on May 2017.
Finxact has 133 employees.
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 offers Finxact Platform, Product Launchpad, and API References.
Finxact has 8 investors. Key investors include Truist, Fiserv, Fiserv, Accenture, and American Bankers Association.
Finxact operates through Finxact, Inc..
Yes. Finxact was acquired by Fiserv in February 2022.