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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 several client announcements, including Magyar Bankholding (Hungary), Mascoma Bank (US), Lunar (Denmark), Sovico Group (Vietnam), Kiwibank (New Zealand) and Italy's largest bank: Intesa Sanpaolo.
Temasek, Intesa Sanpaolo, and Morgan Stanley invest in Thought Machine’s $160m series D funding round, doubling the company’s valuation to $2.7bn.
Thought Machine is named the number one place to work in New York City by Crain’s New York Business.
Thought Machine continues its global expansion, winning clients in new territories, including Mexico, Chile, South Korea, Israel, and Guatemala.
Thought Machine is named the best place to work in New York City for the second year running by Crain's and the best place to work by American Banker. Global Finance Magazine names Thought Machine one of the world's most innovative fintechs, and the Financial Times and Statista confirm Thought Machine as one of Europe's fastest-growing companies.
Our CEO, Paul Taylor, shares Thought Machine’s founding story and mission in a short film produced by BBC StoryWorks.
In a period of significant growth, Thought Machine went live with major clients worldwide, such as PayU in India, Judo Bank in Australia, and SEB in Sweden. The company also added a range of new fintech and mid-sized bank clients, including Payset, Vemi Money, and Afin Bank. Thought Machine entered into a strategic partnership with Mastercard in 2024, focusing on core banking and payments technology.
