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Founded Year



Series D - II | Alive

Total Raised




Last Raised

$106M | 1 yr ago

About Thought Machine

Thought Machine is a financial technology company building cloud-native technology to revolutionize core banking. The company offers technology that runs any type of banking product, from mortgages to current accounts, and has a workflow engine that defines how the bank operates. It was founded in 2014 and is based in London, United Kingdom.

Headquarters Location

5 New Street Square

London, England, EC4A 3TW,

United Kingdom

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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

The omnichannel banking enablement market focuses on providing financial institutions with the tools and solutions to deliver a seamless and consistent banking experience across multiple channels and devices. This market offers a range of solutions that enable integration and synchronization of banking services across physical branches, online platforms, mobile applications, and other touchpoints.…

Thought Machine named as Leader among 10 other companies, including BackBase, Nymbus, and Codat.

Thought Machine's Products & Differentiators

    Vault Core

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Research containing Thought Machine

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Thought Machine in 3 CB Insights research briefs, most recently on Mar 10, 2023.

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 6 Expert Collections, including Digital Banking.


Digital Banking

1,091 items

Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.


Unicorns- Billion Dollar Startups

1,221 items


Future Unicorns 2019

50 items



12,418 items

Excludes US-based companies


Fintech 250

499 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.


Silicon Valley Bank's Fintech Network

88 items

We mapped out some of SVB's biggest clients, partnerships, and sectors that it serves using CB Insights’ business relationship data from SVB’s profile to uncover just how important it is to the fintech universe. The list is not exhaustive.

Latest Thought Machine News

Global NextGen Core Banking Report 2023 Featuring New Age Core Banking Vendors - 10x Banking, Finxact, Five Degrees, Mambu, Oradian, SaaScada, Silverlake Axis, Skaleet, Thought Machine, & Tuum

Aug 28, 2023

The report explores the historical transition from paper-based procedures to current digital systems, highlighting the challenges posed by legacy systems and their limitations in today's rapidly advancing technological era. In an era characterized by rapid technological advancement, the shift from paper-based procedures to digital systems stands as a pivotal historical transition. Central to this exploration is the prominence of NextGen core banking platforms, lauded for their contemporary, scalable, and open architectures. However, the journey doesn't stop here. The study ventures into the realm of Cloud-Native Core Banking, underlining its significance within the transformation blueprints of financial institutions. It dissects deployment models, cost implications, and addresses crucial matters of security and regulatory adherence. Unveiling use cases, vendor profiles, data-driven insights, and forward-looking strategies, the report paints a comprehensive picture of how NextGen Core Banking can seamlessly position banks for triumph within an increasingly competitive and ever-evolving market. A must-read for financial institutions keen on harnessing technological progress to drive efficiency, elevate customer experiences, and secure a leading edge. Report Highlights In-depth coverage of 10 global NextGen Core Banking technology vendor profiles, including company history, product suite, user lists, customer experiences, way forward strategy and more. Deep dive into the global evolution of Core Banking technology landscape to Next Gen, Limitations of the legacy systems and cloud native core banking. Deep dive into key strategies and imperatives, discussing critical factors to consider in implementing core banking on the cloud. NextGen Core Banking technology use cases, independently authored and curated by the publisher's analyst team. Why Subscribe? Authored by the publisher's research team, consisting of subject-matter-experts across core banking verticals Quarterly dynamic report updates to bring you first-hand information in a timely manner Complimentary 1-hour of the publisher's analyst time bundled with each subscription Who Finds This Report Useful? Financial Institutions - CIOs, CTOs, IT, and digital transformation teams rely on our research to make the right technology selection and investment decisions Financial Technology companies - Founders, CXOs, product and strategy teams, use our research to stay competitively intelligent, keeping a close track of peer activity and trends globally Consulting firms - Research leaders and client consulting teams find this report useful to gain insights, spot opportunities, and provide clients with fact-based metrics. Institutional investors - Investment teams find this report useful whilst conducting thorough business and financial due diligence prior to making investment decisions Key Topics Covered: Cloud-Native Core Banking | Key Strategies and Imperatives Key Features for NextGen Core Banking Benefits of a NextGen Core Banking Platform Use Case 1: Oradian and FairMoney MicroFinance Bank Use Case 2: Tuum and LHV Bank (UK) New Age Core Banking Vendors 10x Banking

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, Temasek, J.P. Morgan Chase & Co., Morgan Stanley and 16 more.

  • Who are Thought Machine's competitors?

    Competitors of Thought Machine include Pismo, Five Degrees, Mambu, Tuum, FintechOS and 16 more.

  • What products does Thought Machine offer?

    Thought Machine's products include Vault Core and 1 more.

  • Who are Thought Machine's customers?

    Customers of Thought Machine include Standard Chartered, JP Morgan, Intesa Sanpaolo and Atom Bank.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

Compare Thought Machine to Competitors

Mambu Logo

Mambu operates as a software-as-a-service (SaaS) banking platform. The platform offers lending solutions, mortgage solutions, business banking, deposit solutions, and more. It serves financial technology companies, e-commerce platforms, traditional banks, and more. It was founded in 2011 and is based in Amsterdam, Netherlands.

Nymbus Logo

Nymbus provides a cloud-based financial services ecosystem. It offers a perspective on growth for brands, banks, fintech, and credit unions with the technology and support. The platform enables financial institutions to respond to a pre-integrated payment service for their customers and members. It was founded in 2015 and is based in Jacksonville, Florida.

Finastra Logo

Finastra 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. It also offers corporate banking, retail banking, digital banking, and, payment services. The company was founded in 2017 and is based in London, United Kingdom.

10x Future Technologies

10x Future Technologies is a financial business that seeks to empower banks and non-banks to optimize their customer data and interactions. The company's platform is based on a full suite of capabilities covering banking process automation, compliance reporting, security, and analytics.10x offers its partners digital and data modeling services with a modular construction and open APIs.

Tuum Logo

Tuum operates as a modular platform allowing businesses to rapidly offer financial services to customers. The banking platform follows the microservice architecture and is composed of flexible and independent modules that cover end-to-end everyday banking processes. The company was formerly known as Modularbank and changed its name to Tuum. The company was founded in 2019 and is based in Tallinn, Estonia.

Bankjoy Logo

Bankjoy provides financial services. The company offers banking technology, including mobile banking, online banking, online account opening, online loan origination, and conversational artificial intelligence (AI) to financial institutions and a banking application programming interface (API) to banks and credit unions. It was founded in 2015 and is based in Royal Oak, Michigan.

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