10x Banking secures a new funding round led by BlackRock and JPMorgan Chase
The investment was led by existing backers BlackRock and JPMorgan Chase to support the company as it scales its core banking technology.
10x Banking provides a cloud native SaaS core bank operating system that helps financial institutions modernise their technology infrastructure. The platform enables banks to deliver customisable products and services to retail and SME customers.
10x Banking has secured a new round of funding led by existing backers BlackRock and JPMorgan Chase. The capital injection arrives as the firm looks to capitalise on rising demand for core banking modernisation and follows recent international expansion into Australia and New Zealand.
Alongside the investment, the company announced the appointment of Matt Mills as its new Chief Revenue Officer. Mills joins from Featurespace to support the firm as it scales its operations and promotes its cloud native platform to global financial institutions.
From the founder
"There has never been a more exciting time for banking transformation and core modernization, as banks across the world embark on this journey"
Matt Mills
Chief Revenue Officer at 10x Banking
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About the company
10x Banking
10x Banking operates a cloud native SaaS core bank operating system for financial institutions.