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Thought Machine

Founded Year



Series D - II | Alive

Total Raised




Last Raised

$106M | 9 mos ago

About Thought Machine

Thought Machine aims to change banking through its Vault software. Vault can run any type of banking product, from mortgages to current accounts. It has a workflow engine that defines how the bank operates. All data runs in real-time within the system, meaning data analytics and regulatory reporting can be fully automated. Customer apps and APIs create the ability to have fully automated customer interaction. Thought Machine was founded in 2014 and is based in London, England.

Headquarters Location

5 New Street Square

London, England, EC4A 3TW,

United Kingdom

Thought Machine's Product Videos

ESPs containing Thought Machine

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Financial Services / Retail Banking Tech

Companies in this market include cloud-native and cloud-based SaaS platforms that integrate with or replace banks’ existing core systems. These solutions can enable cost-savings across the retail banking value chain, reduce silos in front and back-end operations, help launch new products, and drive better consumer experiences.

Thought Machine named as Highflier among 14 other companies, including Finastra, Mambu, and 10x Future Technologies.

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Thought Machine's Products & Differentiators


    Our cloud native core banking engine

Expert Collections containing Thought Machine

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Thought Machine is included in 5 Expert Collections, including Banking.



1,381 items


Unicorns- Billion Dollar Startups

1,204 items


Future Unicorns 2019

50 items


Fintech 250

499 items

250 of the top fintech companies transforming financial services



5,028 items

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Latest Thought Machine News

2022: Top five core banking deals

Dec 28, 2022

2022: Top five core banking deals 28th December 2022 As we wrap up 2022, FinTech Futures takes a look back at some of the year’s top core banking deals. From global banking giants to new challenger banks, 2022 has been yet another year of financial institutions overhauling their legacy systems to provide customers with the 21st century services they require. Here are five of the top core banking deals this year. Banco de la Nación del Perú live with Temenos core Temenos signs up Banco de la Nación del Perú In March, Banco de la Nación del Perú went live with a new core banking system supplied by Temenos. The cloud-based Temenos Transact platform supports Cuentas DNI, the bank’s new digital account. Two million accounts had been opened back then, with plans to grow to 24 million, the bank had said. The new accounts were created with the identification number (DNI) of each citizen, as part of the Yanapay Individual Economic Support programme to provide government relief funds in response to the COVID-19 pandemic. Every Peruvian citizen, age 18 and older, with a DNI is automatically allocated a Cuentas DNI, fostering financial inclusion. Mambu core banking tech underpins new African bank Carbon Finance In September, Nigerian microfinance entity Carbon Finance became a full-service bank underpinned by Mambu’s core banking software. Mambu says its technology was selected for its “ability to scale and flexibility to disburse instant loans in minutes, helping the lender build credibility in the market”. “We engaged Mambu a decade ago because it ticked all the boxes as a cloud banking platform,” said Chijioke Dozie, CEO of Carbon. C6 Bank taps Thought Machine for core banking tech This month, Brazilian neobank for individuals and businesses, C6, tapped Thought Machine for its core banking technology. Founded in 2018 and based in São Paulo, C6 Bank claims to cater to over 20 million customers in just over two years of operations, offering more than 60 financial products and services, ranging from current accounts and an investment platform to dollar and euro accounts. Using Vault Core, Thought Machine’s cloud-native core banking platform, C6 Bank intends to build and launch “innovative” products, details of which will be announced at a later date, the bank said. The Brazilian bank joins a long list of clients choosing Thought Machine for their core banking needs, with other recent partnerships this year including Bpifrance, Singapore’s Trust Bank, Payset, UnionDigital Bank, M1, Together and more. Taiwan’s Mega Bank selects Avaloq’s core banking platform  In May, Taiwan’s Mega International Commercial Bank chose Avaloq’s core banking platform to launch its latest offering of onshore private banking for high-net-worth individuals (HNWIs). Mega Bank said it will deploy Avaloq’s core to support investment products and digitalise its private banking business, while automating processes to increase efficiency. Avaloq said its platform will enable Mega Bank to “quickly scale the business and ensure data integrity” across its internal platforms and operations.

Thought Machine Frequently Asked Questions (FAQ)

  • When was Thought Machine founded?

    Thought Machine was founded in 2014.

  • Where is Thought Machine's headquarters?

    Thought Machine's headquarters is located at 5 New Street Square, London.

  • What is Thought Machine's latest funding round?

    Thought Machine's latest funding round is Series D - II.

  • How much did Thought Machine raise?

    Thought Machine raised a total of $508.05M.

  • Who are the investors of Thought Machine?

    Investors of Thought Machine include Lloyds Banking Group, Eurazeo, J.P. Morgan Chase & Co., Intesa Sanpaolo, Temasek and 16 more.

  • Who are Thought Machine's competitors?

    Competitors of Thought Machine include Vodeno, Mambu, Tuum, FintechOS, Technisys, Finxact, 10x Future Technologies, Bankish, Skaleet, Five Degrees and 13 more.

  • What products does Thought Machine offer?

    Thought Machine's products include Vault.

  • Who are Thought Machine's customers?

    Customers of Thought Machine include SEBx and Atom bank.

Compare Thought Machine to Competitors

Finastra Logo

Finastra, formed by the merger of Misys and D+H, provides a range of financial services, treasury, lending, and banking software solutions to bank and financial institution clients, providing both in-house and cloud-based tools.

Mambu Logo

Mambu is a SaaS banking platform that powers digital financial services, providing flexible banking architectures that allow its clients to operate like tech companies rather than banks. Its sustainable, composable approach allows independent engines, systems, and connectors to be assembled and re-assembled in any configuration to meet business requirements and the ever-changing demands of customers. The company serves banks (both big and neo), lenders, fintechs, telcos, and retailers. Mambu was founded in 2011 and is based in Amsterdam, Netherlands.

Five Degrees Logo
Five Degrees

Five Degrees is a digital banking technology provider with offices in the Netherlands, Iceland, Luxembourg, Portugal and Serbia. As its core business, Five Degrees provides a digital banking platform, offering banks and other financial institutions customer-centric banking systems.

Zafin Logo

Zafin develops SaaS cloud-based products and pricing solutions for financial institutions, enabling business users to define and execute micro-segmented, customer-centric product and pricing strategies. The company's platform drives revenues and reduces costs while integrating easily with back-end systems and customer-facing channels. Zafin externalizes product and pricing from core processing so Banks can create exceptional customer experiences while accelerating their digital transformation.

Vodeno Logo

Vodeno is a cloud-based core banking platform that provides solutions for financial institutions. Its solutions include Banking as a Service (BaaS), cloud-native platforms, External Commercial Borrowings (ECB) banking licenses, business processes outsourcing, lending and Book Now Pay Later (BNPL) services and more. The company was founded in 2018 and is based in Warsaw, Poland.

Leveris Logo

Leveris has developed an end-to-end platform to allow financial institutions and fintech startups such as digital-only banks or challenger banks to run their services.

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