MX Raises $30 Million in Series A Investment
Summary
MX raised $30 million in a Series A round, lifting its total capital to more than $50 million. USAA led the round through a subsidiary, with Commerce Ventures and Digital Garage also participating. The investment highlights MX’s opportunity to expand its personal finance and digital banking technology to USAA’s customer base. MX also expects the new backing to support international growth, especially in Japan. The company builds omnichannel banking software for financial institutions and already works with hundreds of FI and banking providers.
Funding
Amount
$30.0M
Total raised
Date
April 30, 2015
Announcement date
Investors
Digital Garage, Commerce Ventures, USAA
Lead investors
Company
mx.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Software
API Platform
Data Aggregation Software
Linked Companies
MX Technologies Inc.
$50M to $100M