Former Goldman co-president Jon Winkelried and Alphabet venture partner join fintech start-up MX

Former Goldman co-president Jon Winkelried and Alphabet venture partner join fintech start-up MX

Jon Winkelried, co-chief executive officer of TPG Capital, speaks during the Bloomberg Invest Summit in New York, U.S., on Wednesday, June 7, 2017.

Former Goldman Sachs co-president Jon Winkelried and a partner from Alphabet's private equity fund CapitalG are joining the board of fintech data start-up MX to help scale up its business ahead of a possible IPO, CNBC has learned.

Winkelried, who has worked as co-CEO of private equity firm TPG since leaving Goldman in 2009, is joining MX after TPG led a $300 million funding round in the company last month that valued the start-up at $1.9 billion.

Also joining the firm's board is Mike Zappert, a partner at TPG Growth, and Derek Zanutto, general partner at CapitalG, which is Google-parent Alphabet's independent growth fund that has taken stakes in Stripe, Robinhood and Credit Karma.

MX is one of a handful of emerging companies that aim to help the U.S. financial industry catch up to technology giants in providing better user experiences. Like Plaid, whose $5.3 billion acquisition by Visa collapsed recently, MX helps banks connect to fintech firms using software known as application programming interfaces, or APIs.

MX also helps its clients glean insights from customers' transaction data. The Lehi, Utah-based company