About MX
MX is a company based in Lehi (United States) founded in 2010 by Ryan Caldwell and Brandon Dewitt. It operates as a API-as-a-Product and Data-as-a-Service. MX has raised $540.87 million across 12 funding rounds from investors including National Bank of Canada, Regions Bank and TPG. The company has 481 employees as of December 31, 2020. MX has completed 2 acquisitions, including MoneyReef and MyJibe. MX offers products and services including Connectivity, Data Enhancement, and Experience. MX operates in a competitive market with competitors including Plaid, Belvo, Rutter, Spade and FinTecSystems, among others.
- Headquarter Lehi, United States
- Employees 481 as on 31 Dec, 2020
- Founders Ryan Caldwell, Brandon Dewitt
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Mx Technologies Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$540.87 M (USD)
in 12 rounds
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Latest Funding Round
$300 M (USD), Series C
Jan 13, 2021
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Investors
National Bank of Canada
& 23 more
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Employee Count
481
as on Dec 31, 2020
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Investments & Acquisitions
MoneyReef
& 1 more
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Products & Services of MX
MX offers a comprehensive portfolio of products and services, including Connectivity, Data Enhancement, and Experience.
Financial data is connected securely for institutions and fintechs.
Financial data is enhanced with context and actionable insights.
Personalized financial experiences are built using MX APIs and tools.
People of MX
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Funding Insights of MX
MX has successfully raised a total of $540.87M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $300 million completed in January 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 MX
MX has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include National Bank of Canada, Regions Bank and TPG.
| Investor | Description | Founded Year | Domain | Location |
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Fund of funds focused on pre-seed and seed-stage companies
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Growth-stage companies are invested in by CapitalG, Alphabet's independent fund.
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Growth-stage tech investments are targeted in the US and Japan.
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Investor details for MX
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Investments & Acquisitions by MX
MX has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MoneyReef and MyJibe.
Investment portfolio details for MX
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile app for personal finance management
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Locked | Locked | 2011 | Locked | |
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Personal financial management platform is utilized by consumers and banks.
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Locked | Locked | 2010 | Locked |
Complete acquisition details for MX
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - MX
Detailed financials for MX
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Mx Comparisons
Peer comparison for MX
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Competitors of MX
MX 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 Plaid, Belvo, Rutter, Spade and FinTecSystems, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Open banking aggregation APIs are provided for individuals and businesses.
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Open banking API solutions are developed for financial data aggregation.
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Finance and accounting management is facilitated via an API platform.
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Data APIs for merchants, categories, and locations are provided online.
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Open banking API solutions are offered to financial institutions.
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Detailed competitors of MX
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Latest news on Mx
Complete news archive for MX
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Frequently Asked Questions about MX
MX was founded in 2010.
MX is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Ryan Caldwell is the current CEO of MX. They have also founded this company.
MX is a funded company, having raised a total of $540.87M across 12 funding rounds to date.
As of Dec 31, 2020, the latest employee count at MX is 481.
Financial data is leveraged by MX to empower institutions and fintechs. Solutions are offered in connectivity, data enhancement, and personalized experiences. Sectors served include banking and financial technology. Growth opportunities are identified through actionable insights. Consumer financial goals are supported via robust data engines. Engagement and loyalty are increased with tailored money experiences.
MX offers Connectivity, Data Enhancement, and Experience.
MX has 24 investors. Key investors include National Bank of Canada, Regions Bank, TPG, Washington Federal, and CapitalG.
The valuation of MX is $1.9B as of Jan 2021.