PortX, the AI-powered data integration platform built for banks and credit unions, today announced the close of a strategic growth round backed by new investors Allied Solutions and the American Bankers Association (ABA). The investment extends PortX’s Series B funding round and underscores strong industry confidence in the company’s ability to help financial institutions move faster and operate smarter.
Financial Industry Continues Strong Support of PortX
This latest round brings two of the most respected names in financial services and includes renewed participation from existing backers—BankTech Ventures, Curql Collective, BTech Consortium, EJF Capital, and others—reflecting sustained conviction in PortX’s strategy and market momentum.
Read More – Armstrong Raises $12M in Funding
“We’re humbled by the fact that the financial industry keeps doubling down on the work we’re doing,” said David Wexler, CEO of PortX. “Our existing investors continue to demonstrate confidence in our growth, while the addition of Allied Solutions and the ABA represents massive faith in our platform and the value it delivers to FIs.”
PortX serves more than 200 banks and credit unions. The PortX Platform, powered by PiXi AI, unifies integration, data, and payments in one secure, scalable hub.
Allied Solutions Strengthens Its Core Connectivity with PortX
Allied Solutions, a leading provider of insurance, lending, and risk management services to financial institutions, has invested in PortX, deepening its technology connection with more than 6,000 financial institution clients.
After evaluating multiple approaches, Allied selected PortX as its foundation for core connectivity and will engage with its customer base over the next couple of years to explore PortX migration.
“We are committed to investing in tools that modernize our business and streamline our service,” said Pete Hilger, CEO of Allied Solutions. “PortX offers the innovative technology needed to deliver fast, secure, and proven integrations to support our Credit Union and Banking clients.”
Read More – Faeth Therapeutics Raises $25M in Funding
