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Thought Machine
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Thought Machine

https://thoughtmachine.net/
Last activity: 10.04.2026
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Categories: B2BBankingCloudFinTechSaaS
Thought Machine is one of the UK's leading fintech companies and is undergoing a period of rapid expansion.

Our mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is stuck on a legacy IT platform, which cripples their ability to innovate and give their customers the type of service they deserve.

Our solution to this is Vault: a complete retail banking platform that is capable of being configured easily to suit the needs of any bank. We have built Vault from the ground up as a cloud native, microservice API architecture platform. Thought Machine has a deep culture of engineering excellence, and we believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.

Thought Machine is looking for highly talented individuals to help grow the company and achieve our ambitious goal. We pride ourselves on having an excellent internal culture, where we strive hard to create the best possible working environment; a healthy mix of great technical work, fast pace, supportive atmosphere, and of course our irreverent sense of fun.
Followers
2.9K
Followers
41.31K
Website visits
40.9K /mo.
Mentions
96
Location: United Kingdom
Employees: 201-500
Total raised: $628.65M
Valuation: $2.7B
Founded date: 2014

Investors 10

Funding Rounds 5

DateSeriesAmountInvestors
02.10.2025-$60.43M-
20.05.2022Series D$160.21M-
14.12.2021Series C$200MJ.P. Morga...
28.07.2020Series B$125M-
03.03.2020Series B$83MDraper Esp...

Mentions in press and media 96

DateTitleDescription
10.04.2026Why AI pilots struggle to scale in banks-
19.02.2026Exclusive: Octopus to swerve new private stock exchangeOctopus Energy will not join the delayed Pisces private stock market when it launches, its boss Greg Jackson has said, in a sign the utilities giant is distancing itself from the project after attending an event for interested companies las...
18.02.2026Exclusive: Fintech unicorns lukewarm on Reeves’ stamp duty holidayTwo of Britain’s most exciting IPO candidates have told peers that the Treasury’s recent overhaul of stamp duty on shares will not be enough to convince them to list in London, City AM can reveal. Payments giant Zilch and banking software p...
11.02.2026How five digital forces will redefine banking by 2026-
20.01.2026British Business Bank Backs IQ Capital Fund V With Up To £50 Million CommitmentThe British Business Bank has committed up to £50 million to IQ Capital’s Fund V, extending a relationship that has seen the Bank make cornerstone commitments to all seven of IQ Capital’s funds since its first investment in Fund I in 2006. ...
15.11.2025Backed VC Closes $100M Fund III, Marks 100th Investment in Frontier TechBacked VC closed its $100 million Fund III. It simultaneously marked its 100th investment milestone. The firm focuses on critical frontier technologies. These include AI-native therapeutics, blockchain infrastructure, and manufacturing auto...
13.11.2025Backed VC hits €86 million Fund III cap and celebrates 100 investments across Europe’s DeepTech sceneBritish venture firm Backed VC has closed its third fund, Backed 3, at its €86 million ($100 million) cap, alongside making its 100th investment, in order to expand its focus on frontier technologies – including AI-native therapeutics, bloc...
13.11.2025Backed VC closes $100M Fund III and marks 100th investment milestoneEuropean venture firm Backed VC has closed its third fund, Backed 3, at its $100 million cap, alongside making its 100th investment. Backed partners with outlier founders building generational frontier technology companies, who have made a ...
06.11.2025UK tech founders warn Reeves her Budget could derail London IPO plansExecutives from some of Britain’s most valuable technology start-ups have warned Rachel Reeves that proposed tax measures in this month’s budget could force them to abandon London listing plans. According to Sky News, a letter was sent this...
02.10.2025Thought Machine raises £45M as losses increaseThought Machine, the UK cloud-based banking services provider, carried out a near-£45m funding round earlier this year, as its losses increased year-on year, according to new filings. The London-based fintech, which has counted Lloyds and S...
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