Company recognized for 144% talent growth and continued plans for expansion

Jacksonville, FL, September 6, 2019 – Finxact, the emerging leader in Core-as-a- Service banking, today announced that it was ranked as the number one fastest growing organization in Jacksonville, Florida by Growjo. In 2018, Finxact grew its employees by 144% and to-date has secured $42 million in funding.

Growjo is an organization that identifies the top growing companies in the world through a unique algorithm based on 20 unique growth indicators. According to Growjo, Finxact’s rank as number one, is a marker of high growth indicators, including employee size, brand awareness, funding, hiring plans, and new locations, among other factors.

“We are honored to be recognized for our rapid growth over the past year,” said Frank Sanchez, CEO and Founder, Finxact. “We set out to provide a positive culture and working environment and are proud to employ some of the top talent in the industry at our headquarters in Jacksonville and around the country. As the financial services industry goes through a transformation, we anticipate that our unique approach to banking will continue to drive demand for our core system of record and interest from elite developers and engineers who seek the chance to work across the most modern technology stack in financial services.”

Founded in Jacksonville in 2017, Finxact is innovating the first cloud-native, modern core banking System of Record (SoR) with a 100% open API that enables fast, streamlined innovation and integration for financial institutions.

Following the Company’s recent $30 million strategic investment by leading banking and financial services firms, Finxact is currently working with multiple U.S. and international financial institutions, from de novo banks to top-tier banks, on projects ranging from full core conversions to digital-only initiatives, and is rapidly building its team to meet strong demand.

About Finxact
Finxact is innovating the first enterprise class cloud-native Core-as-a-Service platform with a 100 percent accessible open banking API. Finxact’s modern architecture enables banks to rapidly deliver new experiences by creating products on demand and integrating new services as needed. The Finxact team has been at the forefront of banking software for 35+ years, and together with its best of breed partners is disrupting core banking so financial institutions can truly transform on their terms. Learn more at www.finxact.com.