LONDON & SINGAPORE, July 28 (Bernama-BUSINESS WIRE) — Thought Machine, the cloud native core banking technology firm, with its APAC headquarters in Singapore, today marks its entrance into the Asia Pacific market by announcing the signing of an additional $42m in funding for its series B round. This round extension will close in early August and is led by Eurazeo Growth, with British Patient Capital and SEB also coming in as new investors.
This brings the round’s total value to $125m following $83m secured in March led by Draper Esprit and joined by Lloyds Banking Group, IQ Capital, Backed and Playfair Capital.