Thought Machine
Funding History
| Series C · 11/2021 | $1.0B |
|---|---|
| Series D · 05/2022 | $2.7B |
About
Thought Machine Group Holdings Limited is registered in England and Wales, with its registered office at 5 New Street Square, London EC4A 3TW.
- Founded
- 2014
- Headquarters
- London, United Kingdom
- Founder & CEO
- Paul Taylor
- Product
- Vault Core, Vault Payments
- Last reported valuation
- $2.7 billion (05/2022 Series D)
- Total disclosed equity funding
- ~$510 million
- Tier-1 bank clients (as of 08/2026)
- 20
- Total banks signed (as of 07/2026)
- 68
- Annual revenue (FY2025)
- Surpassed $100 million (57% YoY growth)
Overview
Thought Machine was founded in 2014 by Paul Taylor, a former Google engineer, and is headquartered in London, United Kingdom, with additional offices in New York, Singapore, Sydney, Melbourne, Lisbon, and Miami.
The company's flagship product, Vault Core, is a cloud-native core banking engine that lets banks build financial products using configurable smart contracts, with Vault Payments extending the platform to global payment processing.
Thought Machine's clients include large global and regional banks such as JPMorgan Chase, Lloyds Banking Group, Standard Chartered Bank, Intesa Sanpaolo, Deutsche Bank, Bancolombia, SEB, Kiwibank, and fintechs including C6 Bank, HMBradley, and Pathward.
The company reported crossing $100 million in annual revenue for the financial year ending December 2025, with 57% year-on-year revenue growth, 59% ARR growth, and positive free cash flow in the second half of 2025, and stated plans in 2026 to expand its Lisbon engineering office and open a Miami office.
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