# PortX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/portx

- Industry: Software
- Headquarters: US
- Website: www.portx.io
- Total disclosed funding: $27M
- Latest round: Series B (Sep 27, 2023)
- Investors on record: 5

## About

Based in Washington, US and founded in 2013, PortX, Inc. is a fintech company that provides a platform to financial institutions and government regulators for integrating financial services. In September 2022, PortX, Inc. raised USD 10 million in Series A funding from FUSE and BankTech Ventures. David Wexler and Kent Brown (CTO) are the co-founders of the company.

The company provides products including payment manager, integration manager, partner manager, JD Edwards connector, AS2 connector, FTPS connector, and X12 translator. The firm offers solutions such as digital transformation, banking core integration, enterprise integration, service delivery, microservices, components, and coding-optional design.

PortX provides the Integration Platform as a Service (iPaaS) that enables users to build, reuse, and accelerate connections to applications, data, and devices on-prem or in the cloud. The enterprise assists financial institutions in connecting their teams to fintech partners and real-time payment networks such as Zelle®, ACH, Fedwire, Mojaloop, and others.

The organization plans to use the September 2022 funding to propel its growth and scale product capabilities.

## Funding rounds

- Series B, Sep 27, 2023, $17M — EJF Capital, FUSE, Curql, BankTech Ventures, Btech Consortium
- Series A, Sep 13, 2022, $10M — FUSE, BankTech Ventures

## Investors

- FUSE (https://capitalatlas.ai/funds/fuse) — Series A, Series B
- BankTech Ventures (https://capitalatlas.ai/funds/banktech-ventures) — Series A, Series B
- EJF Capital (https://capitalatlas.ai/funds/ejf-capital) — Series B
- Curql (https://capitalatlas.ai/funds/curql) — Series B
- Btech Consortium (https://capitalatlas.ai/funds/btech-consortium) — Series B