PortX Secures $16.5 Million in Series B Funding With Investors Focused on Community Financial Institutions

One year ago, we sent out our inaugural FOMO newsletter.... and what an incredible year it has been. We feel like we're just getting started with the industry-relevant information that we want to bring you! This month we're continuing to serve up more original articles, podcasts, recent investment updates, upcoming conferences & events we'd love to see you at, and job openings at our PortCo's.

Before partnering with PortX, Colony Bank faced high costs and lengthy processes due to reliance on their core provider for data uploads and integrations. Manual data uploads took an entire day. As the bank grew, the need for rapid data access became crucial. Introduced by BankTech Ventures, PortX provided an efficient middleware solution, reducing core dependency and seamlessly connecting systems. Reusable APIs from PortX save time and costs, consolidating data for quick access via tools like Tableau. Colony Bank now enjoys improved data integrity, faster time to market, enhanced capabilities, and reduced expenses, confirming their choice of PortX.

PortX creates a consistent integration layer that enables much more predictable and cost-effective integrations to build and operate on top of existing core technology. In this article, learn the ins & outs of how you can work with them, and quickly recognize tremendous value!