10x Banking Raises US$53.7 Million in Funding After Turning EBITDA-Positive
What's happening
10x Banking has secured £40 million (about US$53.7m) in funding from AshGrove Capital after the company reached EBITDA profitability and passed 10 million live accounts. The core banking SaaS provider says the new capital will be used to expand sales and go-to-market capabilities, and it onboarded more than 10 new financial customers in the past 12 months. AshGrove Capital is joining as a new investor in the business-to-business software and services specialist.
Why it's trending
Profitability plus a milestone (10m live accounts) made 10x an investable growth story right now.
Signal4.0× its usual volume, confirmed across 1 independent source type.
Momentum
Score per dayStory volume
Stories per dayAngles you could write
Most fintech funding still chases growth at all costs, but 10x just raised US$53.7m after turning EBITDA-positive, here's why profit-first might be the smarter scale play today.
+2 more angles for this topic with an account — all it takes is your email.
Original sources9
- 10x Banking Raises £40 Million from AshGrove Capital
SaaS core banking platform 10x Banking has secured £40 million ($53.8 million) from AshGrove Capital. The funding will fuel the UK-based fintech’s sales and go-to-market efforts and comes as the company reports becoming EBITDA-positive and surpassing the 10 million live account milestone. Additionally, in the last 12 months, 10x Banking has onboarded 10+ new financial Read more... The post 1
FinovateAug 5 - Maximum Emerges From Stealth With $30 Million to Build AI Banking OS
Maximum emerged from stealth Monday (Aug. 3) and said it raised $30 million in a seed round to build an artificial intelligence (AI)-native operating system for banks. Maximum Founder Randy Fernando previously founded the FinTech companies Vault and Power and sold Vault to Acorns in 2017 and Power to Marqeta in 2023, the company said […] The post Maximum Emerges From Stealth With $30 Million
PYMNTSAug 5 - Core banking startup Maximum closes $30 million Seed round
US core banking startup Maximum has emerged from stealth with a $30 million Seed round led by CRV with participation from Pear VC, Restive, Plug and Play Ventures and Anthemis.
FinextraAug 5
+6 more sources for this topic
Create an account to follow the full coverage in the live radar.
More rising in Fintech
- Agentic Payments Are Growing, but Most x402 Payments Aren’t From AI AgentsSteady0.6Steady0.6 momentum
- Ant International Launches Nearly 100 AI Products, Spanning Payments and TreasuryClimbing3.3Climbing3.3 momentum
- 'UPI MDR will lead to transaction splitting, may defeat purpose of India's digital-payment revolution'Climbing2.4Climbing2.4 momentum
- After securing Colombian banking licence, Revolt applies for another in SwitzerlandSteady1.1Steady1.1 momentum
- Earnix launches hub for insurance-specific AI agents and appsSteady0.9Steady0.9 momentum
- FDIC proposes ‘parity’ rule for state-chartered banks in other statesClimbing2.8Climbing2.8 momentum