Cloud banking fintech Thought Machine enters unicorn club in $200m raise

Thought Machine closes $200M for its cloud native banking SaaS and becomes a unicorn

Thought Machine Raises $200M in Series C Funding

London’s cloud-native banking service Thought Machine attains unicorn status with $200M funding — TFN

Thought Machine, a London-based cloud-native banking provider, has raised $200 million in Series C funding, led by Nyca Partners and investment arms of its bank clients, including JPMorgan Chase, ING, and Standard Chartered. The funding will be used to develop and expand Thought Machine's banking platform, Vault, and its Universal Product Engine, which allows for flexibility in product development and configuration. The company also plans to expand its international reach, strengthening its five global offices and targeting new key markets.

Thought Machine Raises $200 Million in Series C Funding, Enters Unicorn Club

Thought Machine is a London-based cloud-native business-to-business banking provider that offers core banking technology to some of the largest and most ambitious banks in the world. Founded in 2014 by former Google engineer Paul Taylor, the company plays a key role in the future of global banking technology, with many of its investors also being clients. Thought Machine's core banking platform, Vault, allows for flexibility in product development and configuration through its Universal Product Engine.

A cloud-native business-to-business banking provider offering core banking technology to large banks.

4 years ago

Thought Machine Raises $200 Million in Series C Funding, Enters Unicorn Club

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