#BankTech / MX ties up $300m in Series C funding

MX provides account aggregation services to banks, credit unions, and fintechs. It claims its systems enhance financial data to reduce fraud, approve loans faster, and help clients invest.

The firm claims more than 2,000 customers, and 30 million end customers.

“The financial industry is at an inflection point as organisations look to become not only intermediaries, but true advocates for their customers,” says MX CEO Ryan Caldwell.

“We are helping financial institutions and technology companies accelerate their digital roadmaps and launch next generation services and apps.”