About Praxent
Fintech-specialized product engineering firm with 20+ years delivering SOC 2 certified solutions for financial services and banking institutions.
Praxent
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Editorial Review
Our take on Praxent
Praxent has spent over two decades honing expertise in the financial services sector, completing 400+ engagements since their 2000 founding in Austin. This vertical specialization translates to engineering teams who innately understand banking regulations, payment processing intricacies, and the security requirements that make financial software development uniquely challenging.
The company's SOC 2 Type I certification underscores their commitment to information security controls, a non-negotiable requirement for fintech partners. Beyond compliance credentials, Praxent's teams demonstrate practical expertise in core banking systems, digital wallet architecture, payment gateway integration, and emerging technologies like blockchain for financial applications.
Praxent's service model emphasizes collaborative product development, combining user research, technical architecture, agile development, and quality assurance into integrated delivery teams. Their experience spans consumer fintech apps, B2B banking platforms, and complex regulatory reporting systems, giving them perspective on the full financial services ecosystem.
Financial institutions evaluating Praxent should consider their proven track record in highly regulated environments, established security frameworks, and deep banking domain knowledge. The firm's medium size (50-200 professionals) provides stability and specialized expertise while maintaining the flexibility to adapt to client needs. They're particularly well-positioned for banks and credit unions undertaking digital transformation, fintech startups requiring regulatory guidance, or financial service providers building innovative products where compliance and security cannot be afterthoughts.
Badges & Credentials
Verified credentials and recognition earned by Praxent
5 badges
Verification
Verified
This agency has a verified website presence.
LinkedIn Verified
This agency has a verified LinkedIn company page.
Recognition
Top Rated
This agency has an exceptional AgencyCluster score of 80+.
Experience
15+ Years
Established in 2000. Over 15 years of experience.
Company
Mid-Size
Medium (51-200)
Awards & Recognition
Rankings earned on AgencyCluster
7 awards
About Praxent
Common questions about Praxent.
Where does Praxent rank on AgencyCluster?
Praxent has earned rankings on 7 AgencyCluster lists: Top 25 Custom Software Development in Texas, Top 10 AI/ML Development in Texas, Top 25 Product Engineering (SaaS), and 4 more. Their highest AgencyCluster Score is 82/100. Rankings are merit-based and determined by evidence across six evaluation pillars — agencies cannot pay for higher positions.
What are Praxent's strengths according to AgencyCluster?
In our evaluation for Product Engineering (SaaS), Praxent scores 82/100 overall. Their strongest areas are Freshness, Credibility, Proof of Work & Outcomes, Reputation, Category Fit, Delivery Maturity. A high Outcomes score means they have verifiable case studies with measurable results — the most heavily weighted factor in our methodology.
How long has Praxent been in business?
Praxent was founded in 2000, giving them over two decades of experience in custom software development. In an industry where many agencies are less than 5 years old, 26+ years of sustained operations signals stability, client retention, and the ability to adapt through multiple technology cycles. Today, the team is mid-size.
Is Praxent a full-service agency or a specialist?
Praxent is listed across 3 categories on AgencyCluster: Custom Software Development, Product Engineering (SaaS), AI/ML Development. This indicates a full-service or multi-discipline capability. Multi-service agencies can be advantageous when your project spans several disciplines (e.g., design + development + marketing). However, check their scores per category — an agency may be strong in web development but less specialized in, say, AI/ML. Custom software specialists understand enterprise concerns like data security, system integration, scalability, and long-term maintainability. They build for the next 5 years, not just launch day.
What does a typical custom software development project cost with an agency like Praxent?
Custom enterprise software projects typically range from $100K–$1M+. Smaller internal tools or integrations may start at $50K. Post-launch support and iteration usually costs $10K–$40K/month. These are industry benchmarks for custom software development agencies at the level AgencyCluster curates. Actual pricing for Praxent will depend on project scope, timeline, and complexity — contact the agency directly for a custom quote.
Is Praxent a verified agency?
Yes. Praxent has been vetted and verified by AgencyCluster's editorial team through a rigorous, multi-factor review process. Unlike self-serve directories, AgencyCluster does not accept automated submissions — every agency is evaluated manually before being published. Our vetting covers identity verification (website, LinkedIn, domain age), business legitimacy (years of operation, team size, registered presence), evidence of work (case studies, portfolio, client outcomes), reputation checks across third-party platforms, activeness and freshness of their online presence, and screening for red flags including misconduct, fraud, or misleading claims. Agencies that fail any critical check are not listed. For Praxent, verified signals include a functioning website, LinkedIn company profile, 26+ years of operating history (founded 2000), 7 earned rankings on curated top lists.