MX, the leader in data-driven finance and creator of the Money Experience category, today announced that TPG and Alphabet’s independent growth fund, CapitalG, will join its Board of Directors to help accelerate the future of the Money Experience category. TPG and CapitalG bring a wealth of experience to the MX Board of Directors having invested in and advised many of the top fintechs and consumer brands, including Acorns, Airbnb, Credit Karma, LendingClub, Spotify, Stripe, Uber, and Varo. The board appointments follow TPG and CapitalG’s recently announced investment in MX.
“We are excited to welcome Jon Winkelried, Mike Zappert, and Derek Zanutto to the MX Board of Directors, and we look forward to working closely with them as we help organizations connect financial accounts and enhance their transaction data, transforming the way people interact with their money,” said Ryan Caldwell, Founder and CEO of MX. “The financial industry is at an inflection point as organizations accelerate their digital roadmaps and make interacting with money as intelligent and personalized as shopping on Amazon, streaming music on Spotify, or being driven by a Tesla.”
Jon Winkelried is the Co-Chief Executive Officer and a Partner at TPG. Prior to TPG, Mr. Winkelried was with the Goldman Sachs Group, Inc. for more than 27 years until he retired in 2009 as President and Co-Chief Operating Officer. Mike Zappert is a Partner at TPG Growth who leads software & enterprise technology investment and strategy across the TPG Growth and The Rise Fund platforms.
“MX is the leader in connecting financial institutions and technology companies with the world’s financial data and making that data actionable so organizations can grow their bottom line,” said Jon Winkelried, Co-CEO of TPG. “Data and innovation play a vital role in modernizing our financial system for today’s consumer, and we see MX as the engine driving that transition. We look forward to joining the Board of Directors and working closely with the MX leadership team to continue their success.”
Derek Zanutto is a General Partner at CapitalG and lead investor in the company’s data, security, and SaaS-based enterprise software portfolio companies. Formed in 2013, CapitalG has a long history in fintech investments such as Stripe, Robinhood, Credit Karma, Albert, and LendingClub. Prior to joining CapitalG, Mr. Zanutto spent a decade investing in companies such as Uber, Airbnb, Lynda.com, and CAA at investment firms TPG, Hellman & Friedman, and GIC.
“I am thrilled to join the MX Board of Directors to help the company transform the future of the financial industry and build the Money Experience category,” said Derek Zanutto, General Partner at CapitalG. “I’ll be working closely with the MX leadership team to help organizations everywhere accelerate their digital roadmap and launch experiences, products, and services that transform how people interact with their money.”