Finxact

Acquired

Shaping the Future of Banking

Jacksonville, United States · Founded 2016 · $42.0M raised

Employees
51–200
Founded
2016
Business Model
B2B
Total Funding
$42.0M
Last Round
$30.0M Series BJan 2019
Rounds
2

About

Finxact is the first enterprise-class cloud-native core banking platform built on an open API architecture. Founded in 2017 in Jacksonville, Florida, it provides a modern system of record and transaction processing engine for banks, fintechs, and embedded finance partners. Finxact was acquired by Fiserv in April 2022 and powers clients including Live Oak Bank, First Horizon, and DoorDash's embedded finance products.

Summary

Finxact is a Banking company based in Jacksonville, United States, founded in 2016. It has raised $42.0M in total across 2 rounds, most recently a $30.0M Series B round in Jan 2019. Investors include American Bankers Association, Accenture Ventures and SunTrust Bank.

Tech & App Stack

5 technologies & apps tracked

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Funding History

AcquisitionFeb 2022

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Investors

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