10x Banking Technology Limited

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10x Banking Technology Limited - overview

Established

2016

Location

London, England, UK

Primary Industry

Software

About

10x Banking Technology Limited is a London, UK-based fintech company that provides a cloud-native SaaS core banking platform designed to transform banking services for retail, SME, and corporate customers worldwide. Founded by Antony Jenkins, who serves as CEO, the company was established to help financial institutions modernize legacy banking infrastructure and deliver digital-first banking experiences. 10x Banking offers a comprehensive cloud-native SaaS core banking platform that aims to enhance the banking experience for retail, SME, and corporate clients. Utilizing proprietary meta core technology, the platform allows financial institutions to deliver hyper-personalized banking products across diverse markets, including Europe, Asia, and North America.


This technology enables banks to efficiently launch new financial propositions, cater to a variety of customer needs, and pivot swiftly to changes in market demand, thus empowering customers to drive innovation and achieve substantial business outcomes. The firm's revenue model is primarily subscription-based, allowing financial institutions access to the core banking platform, which secures a sustainable revenue stream as clients engage with the services. In August 2026, 10x Banking Technology Limited raised GBP 40 million in venture funding from AshGrove Capital. The company plans to utilize the August 2026 funding to expand sales and go-to-market efforts for its real-time banking infrastructure.


Current Investors

Oliver Wyman, Pingan Caizhi Capital, Nationwide Building Society

Primary Industry

Software

Sub Industries

Accounting/Finance Software, Analytics & Performance Software, Application Integration Software, Operating Systems (OS)

Website

www.10xbanking.com

Verticals

Artificial Intelligence, Big Data, Cloud Computing, FinTech

Company Stage

Series C

Total Amount Raised

Subscriber access only

10x Banking Technology Limited - timeline of key events

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10x Banking Technology Limited - financials

Fiscal Year EndedDec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)4,773,2312,212,53990,346,930---
% Revenue Growth (YoY)-(53.6%)3983.4%---
EBITDA (USD)(4,183,630)(122,220)5,140,202---
Operating Income (USD)(4,277,014)(397,872)4,697,051---
Operating Margin(89.6%)(18.0%)5.2%---
% EBITDA Margin(87.6%)(5.5%)5.7%---
NET Income (USD)(4,277,014)(397,872)4,697,051---
% Net Margin(89.6%)(18.0%)5.2%---

10x Banking Technology Limited - employee data

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