Dorsey & Whitney represented Utah-based fintech data start-up MX Technologies in its $300 million Series C funding round led by a $150 million investment from TPG Growth, with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72 Ventures, and Pelion Venture Partners, along with Regions Financial Corp. The new capital values MX at $1.9 billion, and brings the company’s known capital raised to $475 million.

MX leads the industry with the most secure, reliable and direct API connections to the world’s top financial institutions and most advanced enhancement engine, using AI and machine learning to categorize transaction data with 98% coverage. MX powers more than 2,000 financial institutions and 43 of the top 50 digital banking providers.

The Dorsey transaction team was led by Corporate Partner Matt Wells and included Corporate Partners Aaron Murdock, Spencer Glende, Tom Scanlon and David Marx; and Associate Neela Pack and Senior Paralegal Tracey Jackson. To learn more about Dorsey’s fintech practice click here.

MX’s news release on the financing can be found here.