10x Banking Secures £35M for Global Expansion
Unlocking the Future of Banking with £35M in New Funding
In an exciting development for the fintech ecosystem, 10x Banking, a pioneering cloud-native SaaS core banking platform based in London, has announced a significant new funding round worth £35M. This investment, led by notable existing investors BlackRock and JPMorgan Chase, positions 10x Banking for substantial growth and expansion as it aims to transform banking operations worldwide. As startup founders and investors, it’s crucial to keep an eye on such groundbreaking initiatives that leverage funding to challenge and innovate traditional banking systems.
At the helm of 10x Banking is a seasoned leadership team, including CEO Antony Jenkins, COO Curt Hess, CPO Okan Ozaltin, and the newly appointed Chief Revenue Officer Matt Mills.
This dynamic group is dedicated to providing banks with the essential tools, integrations, and support necessary to meet their customers' needs effectively. The company’s innovative solution offers banks the ability to release new products, unlock valuable data, and create connected experiences, all facilitated by their cloud-native infrastructure available globally via AWS.
With the fresh infusion of capital, 10x Banking plans to accelerate its operations and reach, particularly following its recent launches in Australia and New Zealand. The comprehensive nature of its platform not only simplifies deployment and integration for financial institutions but also enhances their operational efficiency, making it a compelling investment opportunity. As the line between traditional banking and technology continues to blur, investors and founders alike should watch how 10x Banking exploits this funding to lead the charge into the future of banking.
Key Terms Explained
- 10x Banking
- A fintech company based in London that offers a cloud-native SaaS core banking platform. The platform aids banks in releasing new products, unlocking data, and creating connected experiences.
- £35M in New Funding
- A significant amount of investment received by 10x Banking from notable investors - BlackRock and JPMorgan Chase. This funding is expected to facilitate growth, expansion, and innovation in the banking operations that 10x Banking is involved with.
- AWS
- Abbreviation for Amazon Web Services, a cloud services platform. In this context, it is used to refer to the global infrastructure supporting 10x Banking’s cloud-native platform, enabling their services to be offered worldwide.
Frequently Asked Questions
- Who are the notable investors in the recent funding round for 10x Banking?-The notable investors leading the recent £35M funding round for 10x Banking are BlackRock and JPMorgan Chase.
- What does the new funding mean for 10x Banking?+
- What is the primary goal of 10x Banking?+
- What is the significance of the funding received by 10x Banking?+
- Who leads 10x Banking?+
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