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. 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.
- Total Equity Funding$540.87M (USD)
in 12 rounds
- Latest Funding Round$300M (USD), Series C
Jan 2021
- InvestorsNational Bank of Canada
& 23 more
- Employee Count481
- Investments & AcquisitionsMoneyReef
& 1 more
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.
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.
- Total Funding $540.87M
- Total Rounds 12
- Last Round Series C — $300M
- First Round $70,000
(Apr 2010)
- Investors Count 24
Latest 10 of 12 funding rounds of MX 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 |
|---|---|---|---|---|---|
| Jan 2021 | $300M | Series C | $1.9B | TPG | |
| Jun 2019 | $100M | Series B | – | Battery Ventures | |
| Jun 2018 | $75M | Series B | – | – | – |
| Sep 2015 | $4M | Angel Round | – | Pete Kight | – |
| Apr 2015 | $30M | Series A | – | USAA | |
| Nov 2014 | $20M | Seed | – | North Hill Ventures, Album VC | – |
| Jun 2013 | $5M | Angel Round | – | – | – |
| Jun 2012 | $6M | Angel Round | – | – | – |
| May 2012 | $67,530 | Seed | – | – | – |
| Mar 2011 | $132,150 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2021 | $1.9B | •••••••• |
Last known valuation $1.9B (Jan 2021). 24 investors in total: 23 institutional and 1 angel.
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 |
|---|---|---|---|---|
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Growth-stage companies are invested in by CapitalG, Alphabet's independent fund. | – | capitalg.com | San Francisco, United States | |
Growth-stage tech investments are targeted in the US and Japan. | – | geodesiccap.com | Foster City, United States | |
Multiple sectors are targeted for venture capital investments by Greycroft. | – | greycroft.com | New York, United States | |
US focused early-stage VC firm | – | pelionvp.com | Salt Lake City, United States | |
Investing in B2B software and fintech for the financial services economy. | – | canapi.com | - | |
Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies | – | p72.vc | New York, United States | |
Stage-agnostic venture capital investments are focused on US sectors. | – | cotacapital.com | San Francisco, United States | |
DG Ventures is engaged in investing in startup companies. | – | dgventures.com | San Francisco, United States | |
Investments in technology companies are conducted globally by Battery Ventures. | – | battery.com | - |
Investor details for MX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of MX
130 people are tracked at MX (40 in leadership, 90 in team); the tracked headcount is 481.
| Name | Role | Group |
|---|---|---|
Ryan Caldwell | Co-Founder & CEO | Leadership |
Brandon Dewitt | Co-Founder & CTO | Leadership |
Cairo Bradshaw Koritz | VP of Human Resources | Leadership |
Nackey Piedrahita | Sr. Managing Director, Financial Institutions And Fintechs | Leadership |
Brady Stanger | Director Of Open Finance | Leadership |
Ken Adamson | Commercial Vice President - Financial Institutions | Leadership |
Josh Holtzman | Senior Director Of Engineering | Leadership |
Cory K | Director, Security Engineering | Leadership |
Nicole Klein | Vp, Open Finance | Leadership |
Vadhanavarman T | Senior People Business Partner | Leadership |
Ronald Dodge | Vp, CISO | Leadership |
Stacy Bjornstad | Senior Managing Director | Leadership |
Trent Nelson | Senior Director Of Software Engineering | Leadership |
Cory Bench | Vice President Of Professional Services | Leadership |
Heather Luczak | Senior Director, People Experience | Leadership |
Hailey Parke | Sr. Employee Experience Partner | Leadership |
Kameron Bascom | Head of Facilities | Leadership |
James Dotter | Chief Business Officer | Leadership |
Crystal Anderson | Chief of Staff & VP, Operations | Leadership |
Nate Gardner | Chief Xperience Officer | Leadership |
110 more people are available in the full profile.
Complete people profiles for MX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Mobile app for personal finance management | moneyreef.com | Provo, United States | 2011 | Aug 2012 | •••• | |
Personal financial management platform is utilized by consumers and banks. | myjibe.com | Indianapolis, United States | 2010 | Nov 2011 | •••• |
Complete acquisition details for MX
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of MX
6 dated milestones of MX across 11 years, from founding to its latest funding, stage changes and deals.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plaid.com | 2012 | San Francisco, United States | $1.32B | 1,439 | Open banking aggregation APIs are provided for individuals and businesses. | |
| belvo.com | 2019 | Sao Paulo, Brazil | $71.28M | 4 | Open banking API solutions are developed for financial data aggregation. | |
| rutter.com | 2019 | San Francisco, United States | $28.5M | – | Finance and accounting management is facilitated via an API platform. | |
| spade.com | 2021 | New York, United States | $21.12M | – | Data APIs for merchants, categories, and locations are provided online. | |
| fintecsystems.com | 2014 | Munich, Germany | $5.33M | 35 | Open banking API solutions are offered to financial institutions. | |
| finicity.com | 1999 | Salt Lake, United States | $71.06M | – | Open banking aggregation APIs are offered for financial services. | |
| onebrick.io | 2020 | Jakarta, Indonesia | $8.5M | – | Open finance APIs and payment solutions are provided. | |
| ntropy.com | 2019 | New York, United States | $14.2M | 3 | Financial data is enriched through an accurate API by Ntropy. | |
| fidelapi.com | 2013 | London, United Kingdom | $83M | 23 | Open banking APIs for transactional data aggregation |
Detailed competitors of MX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MX
The website of MX (mx.com) receives about 126.9K visits a month.
- Monthly visits126.9K
▲ 23.7% vs previous month
Websites whose visitors overlap most with MX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| theasianbanker.com | 100% | 77K | #527,147 | View details | |
fintechlabs.com | fintechlabs.com | 100% | – | #1,043,463 | – |
doughroller.net | doughroller.net | 90% | – | – | – |
openbankingexcellence.org | openbankingexcellence.org | 90% | – | #3,766,497 | – |
| freo.money | 90% | 100K | #383,844 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 32 similar websites and full traffic analytics for MX
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 32 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Mx
Complete news archive for MX
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MX
10 companies that operate in the same segment as MX (Banking & FinTech Platforms), 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 | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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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. The company's 1st funding round was a Seed of $132.15K, raised on Apr 2010.
MX has 481 employees.
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.
MX operates through Mx Technologies Inc..