FundsXpress Raises $10 Mil Names Warrington CEO:

FundsXpress Financial Network, Inc., a provider of online financial services, received $5 million as part of an overall $10 million equity financing plan from Warburg Pincus and The Texas Growth Fund. At the same time, the company named Brent Warrington as chief executive officer. This investment allows FundsXpress to continue to expand its customer base, explore new partnerships and add new products and services to support its client base. John Burns, founder and former chief executive officer will serve as vice-chairman of the board of directors.

Thanks to Matt Ray for sending it along to TheLoC. Also, the same story, from The Austin Business Journal

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