16 July 2018
Visit www.gemalto.com

CheckFree founder Kight backs PFM outfit MX

21 September 2015  |  4347 views  |  1 checkfree party sibos

CheckFree founder Pete Kight has invested $4 million in and joined the board of MX, a fintech firm that promises to use data to help banks win their rivals' account holders.

Kight, who sold CheckFree to Fiserv in 2007 for $4.5 billion, also takes on the role of "close advisor" to MX's own founder and CEO, Ryan Caldwell.

Founded in 2010, MX works with more than 550 banks and credit unions, as well as around 30 digital banking providers, to help win over the most profitable customers by gathering, aggregating cleansing and categorising data.

Earlier this year, the startup - formerly MoneyDesktop - raised $30 million in Series A financing, led by USAA via a subsidiary, with participation from Japanese incubator Digital Garage.

Says Kight: "Based on the technology in place, and what is currently under development, MX has the potential to be the signal firm that moves the financial services industry fully into the digital age."

Adds Caldwell: "Kight giving his time and attention to MX is a solid validation for the MX team and what we are building. Kight is a bold advocate for innovation, and his insights have already accelerated MX's growth."
KeywordsFINDEXPEOPLE

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - FIS Payments Software and Services India - India 21 September, 2015, 19:27

MX model is tricky as customer 's personal information will be used. Ofcourse its for business service purpose with disclosure but, US customers had those 'concerns' as well as goverement and regulator are known for information protections implementation.

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

USAA leads $30 million investment in PFM outfit MX

USAA leads $30 million investment in PFM outfit MX

30 April 2015  |  4973 views  |  0 comments | 15 tweets | 22 linkedin

Related blogs

Create a blog about this story (membership required)
Visit www.aciworldwide.comVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Flux ready for take-off on Barclays Launchpad; scores trial with Costa CoffeeFlux ready for take-off on Barclays Launch...
10537 views comments | 4 tweets | 9 linkedin
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9535 views comments | 18 tweets | 30 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8091 views comments | 13 tweets | 17 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8031 views comments | 3 tweets | 1 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7638 views comments | 7 tweets | 13 linkedin

Featured job

Find your next job