Finxact provides a cloud‑native, API‑first banking platform that replaces legacy core systems with a modular, event‑driven microservice architecture. It delivers real‑time transaction processing, an adaptive data model, and a TypeScript‑based DSL for defining business rules, enabling banks and fintechs to launch new digital products and integrate with partners via a comprehensive RESTful API suite.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many financial institutions rely on legacy core banking systems that are batch‑oriented, tightly coupled to on‑premise hardware, and difficult to extend for new digital products or embedded finance services. This limits real‑time transaction processing, hampers rapid product innovation, and creates high operational costs when scaling or integrating with modern fintech partners.
Solution
Finxact offers a cloud‑native, API‑first banking platform that replaces traditional monolithic cores with a modular, event‑driven microservice architecture. The platform provides real‑time, high‑velocity transaction processing and an adaptive data model that supports any asset class, currency, or time zone. Business rules can be authored in a TypeScript‑based DSL, enabling product owners and analysts to create and modify financial products without deep code changes. All functionality is exposed through modern RESTful APIs, allowing seamless integration with fintechs, embedded‑finance partners, and existing legacy systems. The solution runs on major public clouds, delivering elastic scalability, consumption‑based pricing, and global accessibility while maintaining strict data security and compliance.
Target Audience
Finxact targets large financial institutions, community banks, and fintech or embedded‑finance companies that need a modern, scalable core to launch new digital products and integrate with a broad partner ecosystem.
Features
- Event‑driven microservice architecture with Kafka‑managed streams for decoupled, real‑time processing
- Adaptive, open data model that supports multi‑asset, multi‑position accounts and custom schema extensions
- Real‑time transaction posting and balance visibility, eliminating end‑of‑day batch reconciliation
- TypeScript‑based domain‑specific language for defining business rules and product logic without code changes
- Comprehensive API suite (RESTful CRUDL) covering core banking functions, payments, and account management
- Built‑in payment rails (ACH, RTP, wire, check, debit card) with API‑driven initiation, settlement, and exception handling
- Cloud‑native deployment on major public cloud providers with elastic scaling and consumption‑based pricing
- Extensible partner ecosystem with 2.8k open API endpoints and pre‑built integrations for fintechs, system integrators, and cloud providers