10x Future technologies, the banking technology firm set up by former Barclays chief Antony Jenkins, has hired Lazard in a bid to raise a $100 million Series C funding round next year, according to Sky News
The business, which is building the core technology platform for JPMorgan’s forthcoming digital bank launch in the UK and provided the backbone for Westpac’s recently released banking-as-a-service offering, is looking for a new injection of funding in anticipation of further deals with leading banks in and beyond Europe.Read More: GlobalFintechSeries Interview with Irwin Grossman, CEO and Co-founder at Delta Payment Solutions
The capital-raise will be the first for 10x since a £32m equity injection in the first half of last year, which included a £15 million investment from the UK’s Nationwide Building Society(10x Future Technologies).
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source: Finaxtra
