Finxact Secures $12M in Seed Funding

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▤ Summary

Finxact, a Jacksonville, FL-based developer of Core-as-a-Service banking technology, raised $12m in seed funding.Backers included Live Oak Ventures and other strategic investors and angels.The company intends to use the funds to complete development of its platform.Co-founded by Frank Sanchez, CEO, and Mike Sanchez, Finxact is developing an enterprise-class public cloud/private data Core-as-a-Service platform with an open banking API, which will allow banks to deliver new omni-channel services for today’s real-time, digital-first world.Finxact Core is targeted for its first live customers in 2017 and general availability in 2018.

$ Funding

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Amount $12.0M Total raised
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Date May 9, 2017 Announcement date
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Investors - Lead investors
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Company http://www.finxact.com Funded company

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