Thought Machine raises $83mn

March 02, 2020 | Banking

Written by FinTech Alliance

Thought Machine raises $83mn

FinTech Alliance company Thought Machine has raised $83mn in its Series B funding round.

In Brief:

  • Thought Machine is a cloud native core banking technology business.

  • It helps banks replace their core banking systems to enable them to develop and add new solutions.

  • The business was launched by exGoogle engineer Paul Taylor.

What does this mean?

The funding will help Thought Machine continue to develop cloud native systems and continue investment in core engineering capability. It will also drive Thought Machine’s global expansion – with the Asia Pacific region a key focus area.

Read more here.

 

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