Image via Finextra — AI
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10x Banking: Capital Raising
Core banking vendor 10x Banking raised £40 million from new investor Ashgrove Capital following a sustained period of profitability.
Source: Finextra — AI
The leadership read
Fresh capital is a hiring signal before it is anything else. For 10x Banking, a raise in Fintech funds leadership depth — scale, go-to-market and operational rigour — rather than any single appointment. Watch where 10x Banking hires first across EMEA; that is where the capital is really pointed.
Market context: Against a Talent Market Index of 104.2 (Hot) (down 1.8 month-on-month), EMEA is at easing (-2.2pts) on signal share.
10x Banking: 3 signals in the last 90 days — above the Fintech median of 1 across 85 tracked companies; 0.1% of MitchelLake's EMEA signal flow; 3 tracked across 85 days.
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Fonoa →Croatian-founded, Dublin-based tax automation platform Fonoa raised $110M (€94.5M) in Series C funding and strategically acquired Indirect Tax Edge platform from PwC
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Payslip →Payslip, a global payroll automation platform, secured new financing from London-based Salica Investments to fund international expansion and product development. The company processes 1.3M payslips monthly across 125+ countries and maintains 60% CAGR with positive EBITDA.
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EYST Technology →Tunisian insurtech EYST Technology secured six-figure investment from 216 Capital for technological expansion and international growth into Europe, US, Middle East, South America, and Asia
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Paymentology →London-based fintech Paymentology secured $175M in funding, indicating significant growth momentum in the digital payments space
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