PortX Secures Extended Series B Funding to Scale AI Banking Integration Platform
PortX, a leading provider of banking integration technology, has announced an extension of its Series B funding round with participation from key financial industry investors. The investment will accelerate the adoption of the company’s PiXi artificial intelligence-powered platform, which unifies integration, data, and payments within a single secure environment for financial institutions.
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The funding round saw renewed participation from existing investors including BankTech Ventures, Curql Collective, BTech Consortium, and EJF Capital, signaling strong continued confidence in PortX’s vision for modernized banking infrastructure., as our earlier report, according to industry analysis
Strategic Partnerships Strengthen Industry Position
PortX’s growing influence in the financial technology sector is further demonstrated by two significant strategic partnerships announced alongside the funding. Allied Solutions, which supports over 6,000 financial institution clients, has selected PortX as the foundation for its core-connectivity strategy. Additionally, the American Bankers Association (ABA) has shown support for PortX’s approach to banking innovation.
“PortX offers the innovative technology needed to deliver fast, secure, and proven integrations,” said Pete Hilger, CEO of Allied Solutions, emphasizing the platform’s capability to meet the demanding requirements of modern financial services.
AI-Powered Platform Driving Banking Transformation
The PortX platform operates on an Integration-Platform-as-a-Service (iPaaS) model, serving more than 200 banks and credit unions. This approach enables financial institutions to move faster and operate more efficiently by streamlining connectivity between core banking systems, third-party applications, and payment networks., according to market analysis
David Wexler, CEO of PortX, expressed gratitude for the industry support: “We’re humbled by the fact that the financial industry keeps doubling down on the work we’re doing. The addition of Allied Solutions and the ABA represents massive faith in our platform and the value it delivers to financial institutions.”
Modernization Wave Sweeping Banking Sector
The partnerships and funding reflect a broader trend in banking technology modernization. Financial institutions are increasingly adopting middleware and data-integration platforms to improve operational speed, efficiency, and real-time connectivity capabilities. This movement represents a fundamental shift in how banks approach their technology infrastructure.
Brooke Ybarra, the ABA’s senior vice president of innovation, noted that “PortX’s execution and scalability position it well to support innovation across the banking ecosystem,” highlighting the platform’s potential to drive industry-wide transformation.
Future Roadmap: AI and Data Intelligence Integration
The new capital infusion will specifically advance PortX’s PiXi AI roadmap, which focuses on integrating sophisticated data intelligence into core banking and payments connectivity. This development aligns with industry trends where banking technology providers are increasingly embedding AI and automation within integration layers to enable smarter, faster data exchanges.
The enhanced AI capabilities will allow financial institutions to:
- Automate complex data mapping and transformation processes
- Enable real-time decision-making through predictive analytics
- Improve security and compliance monitoring
- Reduce manual intervention in payment processing and data synchronization
As financial institutions continue to navigate digital transformation challenges, PortX’s funding and strategic partnerships position the company at the forefront of the banking technology evolution, offering a comprehensive solution that addresses the critical need for seamless, intelligent integration across increasingly complex financial ecosystems.
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