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.

Our accolades