Tech Company Financing Transactions
Thought Machine Funding Round
Nyca Partners, Backed VC and British Patient Capital participated in a $200 million Series C funding round for Thought Machine. This venture round was announced by the company on 11/30/2021.
Transaction Overview
Company Name
Announced On
11/30/2021
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Series C
Investors
Proceeds Purpose
The new funding will be used to continue development and expansion of its flagship SaaS product Vault -- a cloud-native platform which its b2b customers rely on to provide a range of retail banking services, from checking accounts, savings accounts, loans and credit cards to mortgages.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Albert House 256-260 Old St.
London, EC1V 9DD
UK
London, EC1V 9DD
UK
Phone
Undisclosed
Website
Email Address
Overview
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 Our mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure.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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Richard Little
Chief Executive Officer
Paul Taylor
Chief Financial Officer
Chris Bujakowski
Chief Operating Officer
Gareth Richardson
Chief Technical Officer
William Montgomery
VP - Bus. Development
Travers Clarke-Walker
VP - General Counsel
Gemma Warrick
VP - Human Resources
Mark Warrick
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