Intesa Sanpaolo

Corporate

Portfolio

companies

Portfolio companies

Thought Machine

Thought Machine develops cloud native core banking technology for financial institutions.

The Hut Group

The Hut Group operates international online beauty and wellbeing retail brands powered by proprietary e-commerce technology.

Recent investments

Series D+18 May 2022

£129M

Thought Machine secures £128.9m Series D funding led by Temasek to scale operations internationally.

FinTech

Temasek led the Series D round, which values the cloud banking technology firm at $2.7bn.

"We are investing c.£40m into Thought Machine, a fintech innovator and partner we consider strategic to the industrial upgrade of Intesa Sanpaolo. Their cloud-based technology is fundamental to our transformation from incumbent to digital challenger, improving our core banking technology and providing the foundation for our new digital bank, Isybank."

— Carlo Messina

Thought Machine—London, UK

Temasek + 7 others

Debt4 April 2019

£770M

The Hut Group secures £770m revolving credit facility from Shanghai Pudong Development Bank

eCommerce

The revolving credit facility will support major investments in beauty, technology and infrastructure.

"We are delighted to join The Hut Group’s core banking facility at this exciting time in the company’s development. This transaction is in line with the banks strategy of facilitating UK corporates with their trade flows to China and underlines our confidence in the THG management team."

— Andrew Woods, Relationship Manager

The Hut Group—Manchester, UK

Barclays + 11 others