About Thought Machine
Thought Machine is a Financial Services company based in London (United Kingdom) founded in 2014 by Paul Taylor. It operates as a cloud-based platform for core banking is developed via APIs. Thought Machine has raised $787.11 million across 9 funding rounds from investors including Intesa Sanpaolo, ING and Lloyds Bank. The company has 533 employees. Thought Machine was last valued at $2.7 billion in May 2022. Its chief executive is Paul Taylor. Its website thoughtmachine.net draws about 35 thousand monthly visits. Its focus areas include FinTech, Banking Tech and Core Banking Platforms. Its legal entity is THOUGHT MACHINE GROUP LIMITED. Its competitors include nCino, ION Group, Tuum, Backbase and Nymbus and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
Thought Machine was founded in 2014 in London, United Kingdom, as a developer of cloud-based core banking platforms. API-driven solutions are provided for essential bank functions, including the design and implementation of digital products such as loans, credit cards, mortgages, and vaults. Software-based systems are offered for deployment in public, private, or hybrid cloud environments, supporting operations in the financial technology sector.
- Headquarters London, United Kingdom
- Employees 533
- Founders Paul Taylor
- Stage Unicorn
- SectorsFinancial Services
- Email••••••••
- Website thoughtmachine.net
- Social LinkedIn X Instagram YouTube
- Legal Name Thought Machine Group Limited
- Date of Incorporation 15 Dec, 2017
- Jurisdiction LONDON, UNITED KINGDOM
- Annual Revenue$98.59 K (USD)0as on Dec 31, 2025
- Net Profit-$73.43 M (USD)0as on Dec 31, 2023
- EBITDA-$57.76 K (USD)0as on Dec 31, 2025
- Total Equity Funding$787.11M (USD)
in 9 rounds
- Latest Funding Round$41M (USD), Debt – Conventional
Jul 2026
- InvestorsIntesa Sanpaolo
& 28 more
- Employee Count533
Apps and channels of Thought Machine
its YouTube channel Thought Machine has 908 subscribers and 30 videos.
Videos from Thought Machine
The most watched videos on Thought Machine's YouTube channel, Thought Machine (908 subscribers). Click a video to play it here.
More on Thought Machine.
Funding Insights of Thought Machine
Thought Machine has successfully raised a total of $787.11M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $41 million completed in July 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $787.11M
- Total Rounds 9
- Last Round Debt – Conventional — $41M
- First Round $3.07M
(Dec 2017)
- Investors Count 29
All 9 funding rounds of Thought Machine with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $41M | Debt – Conventional | – | – | – |
| Jul 2025 | $61.43M | Series D | – | – | – |
| Apr 2022 | $160M | Series D | $2.7B | Temasek | |
| Feb 2022 | $54.19M | Series C | $2.28B | – | |
| Aug 2021 | $276.88M | Series C | $••••• | Nyca Partners | |
| May 2020 | $105.01M | Series B | $••••• | Eurazeo | |
| Mar 2020 | $83M | Series B | – | Molten Ventures | |
| Feb 2018 | $23.53M | Series A | – | Lloyds Banking Group | – |
| Dec 2017 | $3.07M | Series A | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $2.7B | •••••••• |
| Feb 2022 | $2.28B | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| May 2020 | $••••• | •••••••• |
| Dec 2017 | $••••• | •••••••• |
Full valuation and stage history of Thought Machine
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $2.7B (May 2022). 29 investors in total: 26 institutional and 3 angel.
Investors in Thought Machine
Thought Machine has secured backing from 29 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Intesa Sanpaolo, ING and Lloyds Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Private equity and debt investments are managed across multiple sectors. | 1969 | eurazeo.com | Paris, France | |
Tech focused early stage VC firm investing in the US | – | nyca.com | New York, United States | |
Deep tech venture capital firm investing in European and global startups. | – | iqcapital.vc | - | |
VC fund backed by Standard Chartered | – | scventures.io | Singapore, Singapore | |
Venture capital firm providing seed funding and community support to founders | – | backed.vc | London, United Kingdom | |
Venture capital co-investments are made in UK later-stage businesses. | – | britishpatientcapital.co.uk | Sheffield, United Kingdom | |
Venture Capital firm backed by ING | 1991 | ing.com/About-us/ING-Ventures.htm | Amsterdam, Netherlands | |
Venture capital fund focused on deep tech, consumer tech, health tech, SaaS, and multiple sectors | 2006 | moltenventures.com | London, United Kingdom | |
A venture capital firm focused on pre-seed investments in Europe. | 2013 | playfair.vc | London, United Kingdom |
Investor details for Thought Machine
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People of Thought Machine
205 people are tracked at Thought Machine (77 in leadership, 8 in board & advisors, 120 in team); the tracked headcount is 533.
| Name | Role | Group |
|---|---|---|
Paul Taylor | Co-Founder & CEO | Leadership |
Matt Wilkins | – | Leadership |
Jamica Ortiz | Director Of Engineering | Leadership |
Peter Dudbridge | Director of Architecture | Leadership |
César Pierre | Head Of Global Business Development | Leadership |
Chris Garber | Sales Director | Leadership |
Chris Wraith | Head Of Client Architecture | Leadership |
Anthony Osborne | Director Of Delivery Services - Asia Pacific | Leadership |
Malvika Taneja | Investor Relations Director | Leadership |
Faisal al-Sakri | Account Director - Fintech EMEA | Leadership |
Alex Pacheco | Latam Director | Leadership |
Emmanouil Voitsidis | Head Of Sales Engineering - Americas | Leadership |
Asif Faruque | Head Of Marketing And Communications | Leadership |
Aaron Hulston | Head Of Legal, Commercial | Leadership |
James Fernstrom | Global Sales Director | Leadership |
Tom Bizeau | Sales Director | Leadership |
Jason J. Lee | Country Director - Japan And Korea | Leadership |
Kerry Harrison | Managing Director Of Product And Programme Mgt | Leadership |
Anna I. | Director Of Strategy And Operations, Chief Of Staff To The CEO | Leadership |
Michelle Ferron Assoc Cipd | HR Business Partner | Leadership |
185 more people are available in the full profile.
Complete people profiles for Thought Machine
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Thought Machine
5 dated milestones of Thought Machine across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Thought Machine is founded.
- Funding First funding round of $3.1M.
- Milestone Reaches Minicorn status.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $41.0M.
Competitors of Thought Machine
Thought Machine has 7 listed competitors in our database, 7 of them funded. They include nCino, ION Group, Tuum, Backbase and Nymbus, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ncino.com | 2011 | Wilmington, United States | $221.56M | 1,833 | Cloud-based API platform for banking operations is provided. | |
| iongroup.com | 1998 | New York, United States | $400M | 988 | Treasury management solutions are provided for financial institutions and banks. | |
| tuum.com | 2019 | Tallinn, Estonia | $49.76M | 82 | Cloud-native API-first core banking platform is provided for banks. | |
| backbase.com | 2003 | Amsterdam, Netherlands | $128.51M | 2,000 | AI-powered banking platforms are provided for operational growth. | |
| nymbus.com | 2015 | Miami, United States | $195.42M | 221 | Cloud-based core banking solutions are offered to financial institutions. | |
| ohpen.com | 2008 | Amsterdam, Netherlands | $48.16M | – | Developer of cloud-based core banking platform for retail mutual funds and savings accounts | |
| finxact.com | 2016 | Jacksonville, United States | $74.84M | 133 | Cloud-based core banking software is delivered via open APIs. |
Detailed competitors of Thought Machine
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Web traffic of Thought Machine
The website of Thought Machine (thoughtmachine.net) receives about 34.7K visits a month.
- Monthly visits34.7K
▼ 9.6% vs previous month
Websites whose visitors overlap most with Thought Machine. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lazypay.in | 100% | 503K | #120,104 | View details | |
| uktech.news | 80% | 93.1K | #457,515 | View details | |
| mox.com | 76% | 182.7K | #200,969 | View details | |
duedil.com | duedil.com | 61% | – | #14,700,061 | – |
| sdk.finance | 60% | 680.7K | #365,321 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Thought Machine
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Thought Machine (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Thought Machine
Complete news archive for Thought Machine
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Frequently Asked Questions about Thought Machine
Thought Machine was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Thought Machine is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Paul Taylor is the current CEO of Thought Machine. They have also founded this company.
Thought Machine is a funded company, having raised a total of $787.11M across 9 funding rounds to date. The company's 1st funding round was a Series A of $3.07M, raised on Dec 2017.
Thought Machine has 533 employees.
Annual revenue of Thought Machine is $98.59K as on Dec 31, 2025.
Thought Machine was founded in 2014 in London, United Kingdom, as a developer of cloud-based core banking platforms. API-driven solutions are provided for essential bank functions, including the design and implementation of digital products such as loans, credit cards, mortgages, and vaults. Software-based systems are offered for deployment in public, private, or hybrid cloud environments, supporting operations in the financial technology sector.
Thought Machine has 29 investors. Key investors include Intesa Sanpaolo, ING, Lloyds Bank, Standard Chartered, and J P Morgan.
The valuation of Thought Machine is $2.7B as of May 2022.
Thought Machine operates through Thought Machine Group Limited.