14 July 2020

Thought Machine's new raise spurs hiring spree

Written By FinTech Alliance in FinTech

Thought Machine's new raise spurs hiring spree

The banking technology provider is looking to add 150 staff to its headcount this year

In Brief:

  • Thought Machine aims to have a headcount of 500 by end of 2020, boosted by new engineering roles based around its London head office, AltFi reports.
  • Thought Machine’s clients include Lloyds Banking Group, Standard Chartered, SEB and Atom bank, which use its banking platform Vault.
  • Australia, Singapore and North America are fast-growing markets for the company, with further hiring planned for these areas. 

What does this mean?

The company is making a clear statement that FinTech can still be a bright light amid the doom and gloom.Thought Machine closed its $83m fundraise in March, just as the Covid-19 lockdowns started coming into effect in many countries. 
 

Read more here

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