Thought Machine is founded by Paul Taylor.
Thought Machine enters into a commercial relationship with Lloyds Banking Group, one of the UK's largest retail banks. As part of this engagement, Lloyds Banking Group invests into Thought Machine's $25m series A funding round.
Thought Machine begins international expansion with the launch of its Asia Pacific office. Leading Nordic financial group, SEB, launches UNQUO – a bank designed for entrepreneurs – on Vault Core. Later that year, Standard Chartered signs to deploy Vault Core to launch their new digital bank in Hong Kong: Mox.
Thought Machine closes a $125m Series B funding round – receiving investment from Molten Ventures, Eurazeo, British Business Bank, SEB, and existing investors. Andy Maguire, former HSBC Group COO, joins Thought Machine as Chair.
Thought Machine closes a $200m Series C funding round – pushing the company’s valuation to more than $1bn. The Series C is lead by Nyca Partners and JPMorgan Chase. Standard Chartered Ventures, ING Ventures and existing investors participate.
Thought Machine announces JPMorgan Chase and ING Poland as new clients.
Thought Machine makes a number of client announcements, including Magyar Bankholding (Hungary), Mascoma Bank (US), Lunar (Denmark), Sovico Group (Vietnam), Kiwibank (New Zealand) and Italy's largest bank: Intesa Sanpaolo.
Intesa Sanpaolo makes a $40m investment and outlines its intention to deploy our platform across the bank's broader technology stack.