Fintech start-up MXCNBC reports that Shane Evans has been named interim CEO of the company as it prepares to go public or sell.

According to the company, Evans is taking over the role of chief revenue officer at the Utah-based start up.

MX is just one of many infrastructure companies who have contributed to the development of fintech in the recent years. Like $13.4 billion startup rival PlaidThrough software known as application programming interfaces, it connects banks and fintechs together. This allows Chase customers to send money to another bank. RobinhoodFor example, account

MX, valued at $1.9billion in last year’s funding round, is now preparing to be listed or sold for over $5 billion according to an insider with knowledge.

Fintech company hires Goldman SachsBarron’s will advise Barron’s on possible acquirers. reportedAugust Companies that deal in payments and technology FiservBarron’s reports that they are potential bidders.

Evans worked as an executive for Qualtrics before joining MX. The company was eventually acquired by SAP for $8billion. Evans will prepare the company for its next phase and oversee its growth.

Caldwell stated in a statement that he looks forward to working with Shane to continue building the business and helping organizations harness the power and potential of financial data to help grow their businesses and change the way people interact with money.