What MX Technologies does

MX Technologies, Inc. is a private fintech company founded in 2010 and headquartered in Lehi, Utah, that operates a financial data platform serving banks, credit unions, fintechs, and insurance carriers across the U.S. and Canada. The company organizes its product suite into three layers: Connectivity (Account Aggregation, Instant Account Verifications, Data Access, and Balance Checks), Data (Data Enhancement, Financial Insights, Customer Analytics, and Investment Data), and Experience (Personal Financial Management and Mobile Banking). Its platform processes more than 170 billion transactions averaging over 150 million per day, maintains 13,000+ connections to financial institutions and fintechs, and achieves 75%+ direct connections to U.S. and Canada demand deposit accounts. MX holds SOC 2 Type II and PCI DSS certifications and is built to FDX standards for 1033 compliance.

The company monetizes through subscription and usage-based API and platform services sold via direct enterprise sales and channel partnerships with technology providers such as ebankIT, Tyfone, Broadridge, Celero, and Apiture. Pricing is quote-based and undisclosed publicly. MX has raised approximately $450 million across four disclosed rounds, including a $300 million Series F led by TPG in January 2021. The company's customer base spans large financial institutions (US Bank, Discover, MetLife, M&T Bank, Voya Financial) and mid-market banks and credit unions (Emprise Bank, BECU, LGFCU, Synergy Credit Union). Recent strategic activity includes a April 2026 partnership with Primitive to deploy AI-native growth agents and the appointments of a new CTO (Mark Nelson, July 2025) and CRO (Matt West, December 2025).

Name

MX Technologies

Legal name

MX Technologies, Inc.

Website

http://www.mx.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MX Technologies is a private fintech founded in 2010 that provides an open finance data platform with connectivity, data enhancement, and embedded experience APIs to banks, credit unions, and fintechs across the U.S. and Canada.

Ownership category

akta.pro rank

Product category

Open Finance and Financial Data Platform

NAICS

Sales Financing (52222)

SIC

Finance Services (6199)

akta.pro primary industry

SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM)

akta.pro secondary industries

Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG), Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC)

Keywords

• Open finance apis
• Account aggregation platform
• Financial data enhancement
• Instant account verification
• Personal financial management

Headquarters

HQ city

Lehi

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. API and Platform Services: MX provides financial data APIs and platform services to financial institutions and fintechs on a subscription or usage-based model. Services include account aggregation, data enhancement, verification, and insights APIs that are consumed by enterprise clients.
2. Embedded Experience Solutions: MX offers embedded financial experiences including mobile banking, personal financial management, and financial wellness tools that financial providers can white-label or integrate into their existing digital banking platforms.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

MX Technologies provides a B2B financial data platform that enables financial institutions and fintechs to connect, verify, enhance, and act on consumer financial data through open finance APIs. Its product suite includes account aggregation, instant account verifications, balance checks, FDX-compliant data access, transaction data enhancement, AI/ML-driven financial insights, customer analytics, personal financial management, and white-label mobile banking.

Product overview

MX Technologies operates as a #1 Financial Data Platform providing a three-tier product architecture spanning Connectivity, Data, and Experience layers. The Connectivity layer includes Account Aggregation (with 75%+ direct connections and 13,000+ total connections to financial institutions and fintechs), Instant Account Verifications (under-5-second OAuth verification across 6,900+ institutions), Data Access (FDX-standards open finance API for 1033 compliance), and Balance Checks. The Data layer includes Data Enhancement (transaction cleansing, categorization, and enrichment with 95% category coverage), Financial Insights (AI/ML-powered real-time personalized recommendations with ~100 beats), Customer Analytics (pre-built dashboards combining aggregated and discovered data for churn prediction and segmentation), and Investment Data (normalized holdings data for 50+ account types). The Experience layer includes Personal Financial Management (configurable Manage Money dashboard with Budgets, Goals, Net Worth; 8x Finovate Best in Class award winner) and Mobile Banking (4.5+ star rated platform). The platform processes over 170 billion transactions, averaging more than 150 million per day, with a demonstrated 159% ROI per a 2025 Forrester TEI study.

Differentiator

Problem solved

Functional benefit

Products and services

• Account Aggregation Enables consumers to securely connect and view all of their financial accounts in one place via OAuth-based direct connections, giving financial providers full visibility into consumer financial data across 13,000+ connections and 75%+ direct connections to U.S. and Canada demand deposit accounts.
• Instant Account Verifications Provides fast, reliable identity and account verification technologies to help organizations manage risk, protect against cyberattacks, and maintain compliance. Verifies accounts in under 5 seconds via direct OAuth connections across more than 6,900 financial institutions in the U.S. and Canada with 90%+ guaranteed connection success rates.
• Data Access Enables secure, permission-based, open finance data sharing built to FDX (Financial Data Exchange) standards. Allows financial institutions to monitor and manage where data is shared, unlock actionable insights, and meet CFPB Section 1033 compliance obligations, with consumer consent dashboards, real-time API performance metrics, and automated compliance reporting. Implementation in 6-8 weeks.
• Balance Checks Enables rapid, verified balance verification in under 5 seconds to streamline processes, reduce ACH returns, mitigate overdraft and NSF fees, and deliver a better customer experience. Supports pre-screening for blacklisted and OFAC accounts.
• Data Enhancement Transforms raw, indecipherable financial transaction data into clear, human-readable information through cleansing, categorization, and enrichment. Provides 95% category coverage with user-editable categories, best-in-class merchant identification with logos and metadata, and processes 100% of transactions through MX's proprietary Data Engine.
• Financial Insights Delivers embedded, real-time financial insights supported by AI and ML to protect, inform, and guide consumers with personalized guidance, offers, and recommendations based on behaviors and financial data. Features approximately 100 personalized beats including spending comparisons, duplicate payment detection, and savings opportunities.
• Customer Analytics Combines aggregated, discovered, and enhanced transaction data in a single platform with pre-built dashboards to provide actionable insights, segmentation, and consumer behavior analysis. Enables churn prediction and prevention through visibility into consumer financial data sharing patterns.
• Personal Financial Management Delivers a proactive personal financial management experience via a configurable Manage Money dashboard. Includes PFM tools such as Budgets, Goals, Net Worth, and financial health scoring. Awarded Finovate Best in Class 8x; demonstrated 30% increase in financial health scores over 12 weeks and 2X higher savings balances.
• Mobile Banking A fully-featured, data-driven, configurable mobile banking platform that empowers financial institutions and fintechs to deliver contextual and personalized experiences. Achieves 4.5+ star ratings in both Apple and Android app stores.
• Investment Data Provides enriched, normalized investment holdings data through an API-driven solution. Supports connectivity to more than 50 account types including brokerage, retirement, 529 plans, and HSAs, enabling consolidated portfolio views and improved data accuracy for advisory services.

Quantifiable outcome

• 159% ROI over 3-year period for composite enterprise organization ($250B assets, $30B revenue)
• +8 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• PrimitivecoreStrategic or Co-development Partner · 15 April 2026Primitive and MX Technologies formed a strategic partnership to deploy AI-native growth agents for financial institutions. The partnership launched with a Growth Agent designed to help banks and credit unions identify deposit opportunities, execute personalized campaigns, and automate direct deposit switching. The Growth Agent combines MX's customer analytics and data enrichment capabilities with Primitive's agentic operating system.
• Face the Fight®minorOthers · 20 October 2025MX announced support for Face the Fight®, a national initiative to reduce veteran suicide. The coalition has screened over 245,000 veterans for suicide risk and aims to save 6,500 lives through 2032. MX's involvement coincides with Veteran Buddy Check Week, a U.S. Department of Veterans Affairs initiative.
• ebankITcoreTechnology or Integration · 23 October 2024MX announced expanded partnership with ebankIT to provide its Data Access solution to financial services providers in the U.S. and Canada. The solution, built to FDX standards, helps financial institutions monitor data sharing, unlock actionable insights, and meet new 1033 compliance obligations. This builds on a previous strategic integration from October 2022 where MX's Insights and Personal Financial Management tools were integrated into ebankIT's omnichannel digital banking platform.
• FDX (Financial Data Exchange)coreStrategic or Co-development Partner · 1 October 2022MX built its Data Access solution to FDX standards, participating in the industry initiative to create standardized, secure API-based financial data sharing. FDX is a subsidiary of FSDB (Financial Data Exchange) that develops open finance standards.
• Broadridge Financial SolutionscoreTechnology or IntegrationBroadridge Financial Solutions partnered with MX to utilize the company's financial data aggregation and personalized financial management automation solutions for their financial institution clients.
• TyfonecoreTechnology or IntegrationEmprise Bank partnered with Tyfone and MX to place money management tools at the forefront of a mobile-first digital banking experience. Tyfone serves as the technology partner integrating MX's capabilities into the digital banking solution.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• Xx.com/mx
• GitHubgithub.com/mxenabled
• LinkedInlinkedin.com/company/425337

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds5 records

Investors28 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MX Technologies