VENTURE CAPITAL

VENTURE CAPITAL

ModusBox Launches PortX After US$10m Funding Round

PortX is a new entity launched by ModusBox. The company is focused on financial services integration software that unlocks access to banking core data, eliminates vendor dependencies and enables banking-as-a-service solutions. Alongside the launch of the company, PortX has raised US$10m in funding, which adds to the US$7.5m it raised in April 2022. Investors include FUSE, BankTech Ventures, Patamar Capital, Choice Bank and American Capital Partners. This capital will enable PortX to scale its operations. ModusBox is a global software company offering equitable and inclusive financial services by driving participation...
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