When was Finxact founded?

Finxact was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Finxact located?

Finxact is headquartered in Jacksonville, United States. It is registered at Jacksonville, Florida.

How many employees does Finxact have?

As of Apr 30, 2026, the latest employee count at Finxact is 188.

Is Finxact a funded company?

Finxact is a funded company, having raised a total of $74.8M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 09, 2017.

When was the latest funding round of Finxact?

Finxact's latest funding was a $***** Series B round on Feb 18, 2021, with participation from 0 investor. Its primary sector is Banking Tech. In United States, the Banking Tech sector has seen $723M in funding in 2026 to date.

Where does Finxact rank among its competitors?

Finxact ranks 13th amongst 319 active competitors, of which 41 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Neem, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Finxact?

Finxact's top competitors include ION Group, Thought Machine and Tuum. Among them, Neem secured the most recent funding round in January, 2026.

Finxact - 2026 Company Profile, Team, Funding & Competitors

Q: Is Finxact an acquired company?

Finxact got acquired by Fiserv on Feb 07, 2022.

Company Details

Provider of cloud-based core banking software. It is built as a set of open banking APIs. Banks can manage deposits, loans, and transactions, and set business rules through the platform. It also provides a marketplace where fintech suppliers can connect through open APIs to the Finxact core banking platform and provide solutions to financial institutions.

Website: www.finxact.com/
Social
Phone Number: +1 **********
Registered Address: Jacksonville, Florida

Key Metrics

Founded Year

2016

Location

Jacksonville, United States

Stage

Acquired

Total Funding

$74.8M in 3 rounds

Latest Funding Round

Series B, Feb 18, 2021, $*****

Investors

Accenture & 8 more

Ranked

13^th among 319 active competitors

Employee Count

188 as on Apr 30, 2026

Similar Companies

ION Group & 400 more

Exit Details

Acquired by Fiserv (Feb 07, 2022)

View Finxact's full profile

Finxact is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FINXACT, INC. CIN: 813991520 , United States, Active	Dec 31, 1999	-	117 (As on Dec 31, 2021)	-

Finxact got acquired by Fiserv on Feb 07, 2022 at an acquisition amount of $*****.

Click here to take a look at Finxact's acquisition in detail

Finxact has raised a total funding of $74.8M over 3 rounds. Its first funding round was on May 09, 2017. Finxact has 9 institutional investors.

Here is the list of recent funding rounds of Finxact:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 18, 2021	2221405	Series B	8039887	5852685	6289928	5988861
Jan 04, 2019	4086330	Series A	3516123	2421094	5498272	LiveOak Venture Partners & 3 more
May 09, 2017	9211864	Seed	5874449	2906552	LiveOak Venture Partners	4350892

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View details of Finxact's funding rounds and investors

The founders of Finxact are Dylan Phillips and Dan McKinney. Frank Sanchez is the CEO of Finxact.

Here are the details of Finxact's key team members:

Dylan Phillips: Former Co-Founder & VP of Finxact.
Dan McKinney: Former Co-Founder & CMO of Finxact.

View details of Finxact's Founder profiles and Board Members

Finxact's employee count trend

Finxact has 188 employees as of Apr 26. Here is Finxact's employee count trend over the years:

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Top competitors of Finxact include ION Group, Thought Machine and Tuum. Here is the list of Top 10 competitors of Finxact, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ION Group 1998, New York City (United States), Late Stage	Treasury management solutions for financial institutions and banks	$400M	The Carlyle Group, TA & 3 others	68/100
2nd	Thought Machine 2014, London (United Kingdom), Series D	Developer of cloud native core banking and payment processing software	$706M	Temasek, Molten Ventures & 35 others	67/100
3rd	Tuum 2019, Tallinn (Estonia), Series B	Provider of a cloud-native API-first core banking platform	$49.8M	BlackFin, Citi Ventures & 10 others	66/100
4th	10x 2016, London (United Kingdom), Series C	Developer of a cloud-native SaaS platform for core banking services	$349M	BlackRock, Oliver Wyman & 9 others	63/100
5th	Skaleet 2015, Boulogne billancourt (France), Series B	Cloud-agnostic core banking solution	$30.7M	Long Arc Capital, VeARC & 1 others	62/100
6th	Roinet Solution 2012, Gurugram (India), Seed	Developer of financial inclusion and digital finance and banking solutions to under-served communities	$2.2M	Southfield Group & 4 others	60/100
7th	Neem 2019, Karachi (Pakistan), Seed	Full-stack payment infrastructure powering how businesses in Pakistan accept, send, and manage money	$3.5M	Epic Angels, DNI & 12 others	60/100
8th	BKN301 2021, London (United Kingdom), Series B	Provider of Banking-as-a-Service orchestration platform	$67.7M	Abalone Group, BlackRock & 15 others	59/100
9th	Pathward 1954, Sioux Falls (United States), Early Stage	Provider of financial infrastructure and solutions for businesses. It offers banking infrastructure, technology resources, and collaborative support to third-party partners for delivering banking programs. The company also provides various financial solutions to businesses, including working capital, equipment financing, and structured finance, enabling access to funds for growth. A focus on financial inclusion is evident in its services and commitment to supporting clients' financial success.	$500K	-	57/100
10th	Craft Silicon 2000, Nairobi (Kenya), Seed	Provider of banking, microfinance, fund management, and merchant service solutions	-	Norfund	55/100
13th	Finxact 2016, Jacksonville (United States), Acquired	Provider of cloud-based core banking software	$74.8M	Georgian, First Data & 7 others	52/100