10x Future Technologies secures £132m Series C funding co-led by BlackRock and CPP Investments to scale platform
The oversubscribed round was co-led by BlackRock and Canada Pension Plan Investment Board with backing from existing investors.
10x Future Technologies provides a cloud native core banking platform designed to help major financial institutions modernise their operations. The London-based company enables banks to replace legacy systems and deliver digital services to retail and SME customers.
10x Future Technologies has secured £132m in a Series C financing round co-led by BlackRock and Canada Pension Plan Investment Board. The oversubscribed round also drew participation from existing backers including JPMorgan Chase, Nationwide, Ping An and Westpac.
The London-based fintech will direct the new capital toward expanding its geographic footprint, particularly in North America, and advancing the development of its cloud native core banking platform. Lazard served as financial advisor and DLA Piper acted as legal counsel for the transaction.
From the founder
"This funding round represents another significant milestone in our journey to become the operating system of choice for leading banks across the globe,"
Antony Jenkins
Founder, Chair and CEO at 10x Future Technologies
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
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About the company
10x Future Technologies
10x Future Technologies builds cloud native core banking systems for major financial institutions.