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Thought Machine Scores $83mn Series B Round

Thought Machine Scores $83mn Series B Round

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EuropeFintechNews Roundup
··1 min read

UK based digital banking startup Thought Machine has raised a $83mn series B funding round led by Draper Esprit; the company builds cloud based technology for banks and is looking to launch in the U.S. and Asia Pacific; the new capital will help with the global expansion and improve their core technology according to CEO Paul Taylor; Paul Taylor, Chief Executive Officer and Founder of Thought Machine, said to AltFi: “For the past six years, our purpose has been to offer banks a next-generation solution to liberate them from legacy systems which plague the financial services industry. This funding round comes at a pivotal stage in the company’s growth. Thought Machine’s revenues are very healthy, as we see cloud native banking become the most common desired target architecture for the world’s banks.” Altfi

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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