About us

Though Machine employees gathered around a computer screen in the office
Thought Machine CEO Paul Taylor sitting in the office
A Thought Machine employee sitting on a couch in the office on her laptop and phone
Our story
2014

Thought Machine is founded by Paul Taylor.

2018

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.

2019

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.

2020

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.

2021

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.

2022

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.

Our accolades
Crain's NY Fast 50
Crain's 2022 best places to work in NYC
Google Cloud Partner of the Year 2021
Asian Banker Fintech Innovation Awards 2022
IDC Fintech Rankings 2021
IBS Intelligence – Best Core Banking Implementation (Most impactful project) Mox Bank
Fintech 50 - 2020
CBInsights 250 - 2020
AltFi – B2B Fintech of the Year 2021
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