We’re excited to announce the close of our latest investment round, welcoming two of the most respected organizations in financial services — Allied Solutions LLC and the American Bankers Association (ABA) — to our group of investors, alongside continued participation from BankTech Ventures, Curql, Btech Consortium, EJF Capital LLC, and others.
💬 From ABA’s Annual Convention
Today, at ABA's Annual Convention, ABA President and CEO Rob Nichols announced ABA’s new strategic investment in PortX as part of the association’s commitment to helping banks harness data and technology safely, responsibly, and effectively.
🔗 Read more about Rob’s opening remarks here: https://lnkd.in/gJfKUDam
“To stay competitive, banks must embrace faster, more flexible ways to deliver products and services,” said ABA President and CEO Rob Nichols. “Fintech partnerships with companies like PortX are essential to driving innovation in banking, and our investment will get this technology in the hands of banks even sooner.”
🔗 Read ABA’s announcement here: https://lnkd.in/g3Kfye7x
🤝 Allied Solutions Strengthens its Core Connectivity
Allied Solutions, one of the largest providers of insurance, lending, and risk management services to financial institutions, also joined this round as both an investor and strategic partner.
"We are committed to investing in tools that modernize our business and streamline our service," said Pete Hilger, CEO of Allied Solutions. "PortX offers the innovative technology needed to deliver fast, secure, and proven integrations to support our Credit Union and Banking clients."
🔗 Read Allied’s announcement here: https://lnkd.in/gdXU5dwn
💡 PortX CEO David Wexler on Industry Alignment
“We’re humbled by the fact that the financial industry keeps doubling down on the work we’re doing,” said David Wexler, CEO of PortX. “Our existing investors continue to demonstrate confidence in our growth, while the addition of Allied Solutions and the ABA represents massive faith in our platform and the value it delivers to FIs.”
This moment marks a shared belief across our partners and investors: that banks and credit unions of all sizes can innovate confidently, integrate faster, and thrive in the era of open, AI-powered data.
👉 Read the full announcement on our site here: https://lnkd.in/g5aFRpbW
#Fintech #OpenBanking #DataIntegration #AIPoweredData #CoreModernization #BankingInnovation #CreditUnions #FinancialInstitutions #Partnerships #FundingAnnouncement