10x Banking Raises US$53.7 Million in Funding After Turning EBITDA-Positive
What's happening
Core banking vendor 10x Banking has raised £40 million (US$53.7 million) from new investor AshGrove Capital after reaching EBITDA profitability. AshGrove Capital joins 10x Banking as a new investor and the company says it will use the funding to expand sales and go-to-market capabilities. The raise follows a sustained period of profitability and comes as 10x positions its core banking technology for broader commercial growth.
Why it's trending
Profitability plus fresh capital makes 10x a rare mature-scale fintech story right now.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
Most fintech funding still chases growth at all costs, 10x just proved profitability can attract big strategic cheques (AshGrove Capital put in £40m after 10x turned EBITDA-positive).
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Original sources4
- Maximum lands $30m to rip out banks’ legacy cores
Maximum, an AI-native operating system builder for banks, has come out of stealth after securing a $30m Seed round, ranking among the biggest Seed raises the FinTech industry has seen. CRV led the investment, joined by Pear VC, Restive, Plug and Play Ventures, Anthemis and other backers. The company was established by Randy Fernando, a […] The post Maximum lands $30m to rip out banks’
FinTech GlobalAug 4 - 10x Banking Raises US$53.7 Million in Funding After Turning EBITDA-Positive
10x Banking has raised £40 million (US$53.7 million) in funding from AshGrove Capital after reaching EBITDA profitability. AshGrove Capital joins 10x Banking as a new investor. The firm focuses on business-to-business software and services companies across Europe. The core banking technology provider will use the investment to expand its sales and go-to-market capabilities. Over the [...] The post
Fintech News SingaporeAug 4 - 10x Banking raises £40 million
Core banking vendor 10x Banking has raised £40 million from new investor Ashgrove Capital after returning a sustained period of profitability.
FinextraAug 4 - New fintech Maximum aims to take on the core banking cabalAmerican BankerAug 3
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