10x Banking banks £40M in debt and equity raise
The UK fintech founded by a former Barclays bank CEO, which provides banking technology for JP Morgan's UK digital bank, has secured £40m in new funding. 10x Banking, founded by former Barclays CEO An... The new funding marks its first since 2024.
Key Takeaways
- Fintech 10x Banking banks £40M in debt and equity raise The new funding marks its first since 2024.
John Reynolds 2 hours ago Share Share Send email Copy link The UK fintech founded by a former Barclays bank CEO, which provides banking technology for JP Morgan's UK digital bank, has secured £40m in new funding.
- Its clients include Chase UK, Westpac and Old Mutual.
10x has received the funding, a mix of equity and debt, from AshGrove Capital, a pan-European B2B software investor.
- The new funding marks the challenger's first fundraise since 2024, when it raised around £34m, led by existing investors BlackRock and JP Morgan.
10x said that in the last 12 months it has onboarded more than 10 new financial institutions, but did not disclose their names.
- Our platform is now proving its value at significant scale.
AshGrove's investment is a strong endorsement of the progress we have made and will help us meet growing demand from banks around the world.
- What would you like us to deliver to you?
Stats & Key Facts
- #The new funding marks its first since 2024.
- #Fintech 10x Banking banks £40M in debt and equity raise The new funding marks its first since 2024.
- #10x Banking , founded by former Barclays CEO Antony Jenkins, provides core, cloud banking software for banks and financial institutions.
- #10x has received the funding, a mix of equity and debt, from AshGrove Capital, a pan-European B2B software investor.
The new funding marks its first since 2024. Fintech 10x Banking banks £40M in debt and equity raise The new funding marks its first since 2024. John Reynolds 2 hours ago Share Share Send email Copy link The UK fintech founded by a former Barclays bank CEO, which provides banking technology for JP Morgan's UK digital bank, has secured £40m in new funding.
10x Banking , founded by former Barclays CEO Antony Jenkins, provides core, cloud banking software for banks and financial institutions. Its clients include Chase UK, Westpac and Old Mutual. 10x has received the funding, a mix of equity and debt, from AshGrove Capital, a pan-European B2B software investor.
10x, which Jenkins founded in 2015, a year after he left Barclays, declined to disclose what valuation the funding was raised at. The fintech said it will use the new funding to finance its go-to-market offering. The new funding marks the challenger's first fundraise since 2024, when it raised around £34m, led by existing investors BlackRock and JP Morgan.
For more details please read the original article at Tech.eu.
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