10x Banking Raises US$50M, Appoints New Chief Revenue Officer

Switzerland

News / Switzerland 157 Views 0

10x Banking Raises US$50M, Appoints New Chief Revenue Officer

Switzerland

News / Switzerland 157 Views 0

10x Banking, a cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has recently raised US$50 million in a new funding round and appointed Matt Mills as Chief Revenue Officer.

The funding round, led by BlackRock and JPMorgan Chase, aims to support the company’s growth in the competitive core banking market.

Matt Mills, previously with Featurespace, has joined 10x Banking this month, adding to the company’s leadership team.

Startup Competition venture

The company’s growth in the UK has led to expansion into Australia and New Zealand, with further strategic growth anticipated.

10x Banking’s platform, designed to assist banks in their digital transformation, played a key role in Chase’s foray into the UK retail banking sector.

Matt Mills

Matt Mills

“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.

Our mission is to enable banks to make banking better for their customers and society – 2024 is already set to be the most significant in our history, and I’m excited to be part of this journey.”

said Mills.

Featured image credit: Chief Revenue Officer, Matt Mills

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