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Kinly selects MX to power its custom-built financial tools

By Edlyn Cardoza

July 12, 2022

  • APIs
  • Black America
  • Cashback Rewards
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MX, Open Finance, Kinly, Generational Wealth, Neobank, Black America, Financial Data Aggregation, Financial Tools, Cashback Rewards, APIs, USAMX, a leader in Open Finance, recently announced that Kinly, a digitally native neobank building generational wealth for Black America and its allies, uses financial data aggregation and enhancement solutions from MX to power Kinly’s custom-built financial tools.

“We love MX and its mission — and share a passion for diversity,” said Donald Hawkins, Founder and CEO of Kinly. “I’ve been impressed with MX’s world-class financial data platform for years and look forward to partnering with them. MX’s open finance APIs will help fuel our mission to help serve and improve the financial livelihood of our broad community.”

MX Technologies is a leader in Open Finance, making data accessible and actionable for everyone. MX is building the largest open finance ecosystem to help drive innovation and improve experiences through secure and reliable access to financial data.

Kinly focuses on improving financial outcomes through financial education, saving and wealth-building, early access to wages, overdraft protection up to $100, and by providing cash back rewards for purchasing from Black-owned businesses and thousands of widely used retail merchants.

MX will support Kinly’s mission with data aggregation and enhancement powered by MX’s open finance APIs. MX combines trusted open finance APIs with enhanced financial data to quickly and securely connect to and verify data for hundreds of use cases, including account opening, money movement, and underwriting.

“Working closely with Kinly to help provide data enhancement and personalized financial advice for the Black community aligns perfectly with our mission to empower the world to be financially strong,” said Brett Allred, Chief Product Officer at MX. “We’re big fans of Kinly and the underrepresented community it serves and look forward to its continued growth and ongoing partnership into the future.”

Kinly is an inclusive financial technology company that proudly serves the unique needs of Black America and its allies. By developing a platform focused on improving financial livelihood through financial education, Black-focused spending, and wealth-building, Kinly helps members manage their money and develop positive financial behaviours.

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