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10x Banking raises £40M in a mix of debt and equity financing led by AshGrove Capital to enhance its go-to-market offering.

PRIVATEAug 04, 2026•5 days ago

Amount Raised

£40 Million

Round Type

Venture - Series Unknown

LondonFinancial Services

Investors

Ash Grove Capital

Description

10x Banking has secured £40M in new funding, consisting of both debt and equity. The company, founded by former Barclays CEO Antony Jenkins, offers core, cloud banking software. This marks its first fundraise since 2024, aiming to finance its market strategy amidst growing demand from banks. Jenkins stated that AshGrove’s investment underscores the progress made in facilitating real-time, digital banking.

Company Information

Company

10x Banking

Location

London, England, United Kingdom

About

10x Banking (10x) is a financial technology company with a mission to move banks from monolithic to next-generation core banking solutions delivered through the world's most comprehensive and powerful cloud native SaaS bank operating system. With its secure, reliable, scalable and modular core banking platform SuperCore, 10x supports highly customizable product behaviors and accounting rules, integrates with banks' wider technology estates and harmonizes with local and regional compliance and regulatory requirements. SuperCore enables banks to deliver products, services and customer experiences to retail and SME customers faster and more cost effectively. 10x was founded in 2016 by Antony Jenkins, former Group CEO of Barclays. SOURCE 10x Banking

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