10x Banking Raises £40 Million in Latest Funding Round
10x Banking, a London-based company specializing in innovative core banking infrastructure, has announced a successful funding round, securing £40 million. This funding was led by AshGrove Capital, a prominent investment firm. The round was classified as undisclosed, with no additional investors publicly named.
Company Overview
Founded by Antony Jenkins CBE, who serves as the Executive Chairman, 10x Banking provides a digital banking solution that focuses on enhancing core banking infrastructure. Their platform enables banks to offer personalized customer experiences by streamlining and managing the backend processes of banking operations.
Funding Details
The recent funding round, concluded on August 6, 2026, marks a significant milestone for 10x Banking. The £40 million investment will aid the company in further developing its technology and expanding its reach in the financial services sector.
Strategic Use of Funds
While specific plans for the new funds have not been disclosed, it is anticipated that 10x Banking will use this capital to enhance its product offerings and potentially explore new market opportunities. Given the nature of their platform, investment in technology development and scaling operations is likely.
Leadership Insights
Antony Jenkins, the founder and executive chairman, has been at the forefront of 10x Banking’s initiatives to revolutionize the banking industry with their SaaS-based core banking solutions. His leadership is crucial in navigating the company through its growth phase post-investment.
10x Banking's focus on digital transformation in banking aligns with increasing demands for more efficient, customer-centric banking solutions. The fresh capital infusion is expected to bolster their efforts in this evolving landscape.