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Thought Machine raises $42m in Series B funding to help global expansion

London based core banking platform raised $42m in Series B funding led by Eurazeo Growth.

“The prospect of transitioning to cloud native technology is now at the forefront of every major bank’s roadmap." Founder Paul Taylor said. “Plans have been hastened in the wake of regulatory pressure, economic uncertainty and the need to manage cost-income ratios.”

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banking, london