Blackrock and JP Morgan lead funding round
Core banking platform 10x has secured a new round of funding and appointed Matt Mills as chief revenue officer.
The UK-headquartered fintech, founded in 2016 by former Barclays chief executive officer Antony Jenkins, raised $45m from capital investors, Sky News reported.
The round was led by existing investors BlackRock and JPMorgan Chase and is its first funding round since its $187m series C in 2021.
10x was established to build better banks, with the use of technology, that put the customer at the centre of all they do. The company recently expanded into Australia and New Zealand.
Mills joins 10x Banking from Featurespace, a fraud prevention and anti-money laundering company.
On his new role, Mills said: “There has never been a more exciting time for banking transformation and core modernisation, as banks across the world embark on this journey.
“I’m incredibly excited to have joined a company with the strongest offering in this space, offering unparalleled resiliency and scale, combined with flexibility and speed beyond the rest of the market.”
He added: “Our mission is to enable banks to make banking better for their customers and society.”