Summary
Maximum emerged from stealth with a $30 million Seed round (one of the largest in fintech) to build an AI-native operating system to replace fragmented legacy bank infrastructure. Led by CRV with Pear VC, Restive, Plug and Play Ventures, Anthemis, and others, the Miami-based company targets the core infrastructure layer where over 70% of ~5,000 US banks still run on last-century systems. The platform embeds AI at the foundational level, letting banks build and deploy custom AI agents.
Key Points
- $30 million Seed round, one of the largest Seed financings in fintech
- Led by CRV; participation from Pear VC, Restive, Plug and Play Ventures, Anthemis, others
- Miami-based; founded by Randy Fernando (ex-Vault→Acorns, Power→Marqeta)
- Targets core infrastructure layer of banking; AI embedded at foundational level
- Of ~5,000 US banks, more than 70% still run on legacy core systems built last century
- Platform lets banks build/deploy custom AI agents to automate operational workflows, real-time customer visibility, launch new products
- Prioritizes security as AI creates new threat categories
- Interest from larger community and regional banks; plans to work with institutions of all sizes
- CRV GP Caitlin Bolnick Rellas: "banking technology has reached that moment" where incremental improvements aren't enough
- Several investors backed Fernando's previous ventures (Vault, Power)