# Finxact

> Cloud-native core banking and embedded-finance platform acquired by Fiserv; Jacksonville-founded API-first infrastructure.

## Why it is interesting

Jacksonville's clearest fintech infrastructure exit: Finxact's API-first core banking stack sold to Fiserv for ~$650M (April 2022) while keeping Jacksonville operations — proof North Florida can ship bank-grade software, not just insurance back-office.

## Profile

- **Latest funding:** Not publicly disclosed
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** other
- **Status:** acquired
- **Industries:** fintech, enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-07-29

## Key facts

- Acquired by Fiserv (Apr 2022) for ~$650M
- Jacksonville HQ — cloud core banking / embedded finance
- API-first, event-driven architecture for banks and fintechs
- Pre-exit backers included Georgian and Live Oak Ventures

## Funding history

- Acquisition · ~$650M · April 2022
  Source: https://www.businesswire.com/news/home/20220401005431/en/Fiserv-Completes-Acquisition-of-Finxact

## Related articles

- https://venturecapitaltracker.com/jacksonville-startups-and-vc-firms-2026

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** July 29, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/finxact