10X Banking
10x Banking is a London-headquartered fintech (founded 2016) that sells a cloud-native, API-first 4th-generation core banking platform (10x SuperCore) to Tier 1 banks, mutuals and alternative lenders across the UK, Australia, New Zealand, South Africa and emerging APAC/MEA markets.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What 10X Banking does
10x Banking is a UK-headquartered cloud-native core banking platform vendor founded in 2016 by former Barclays CEO Antony Jenkins. The company sells a single 4th-generation SaaS core banking platform — branded 10x SuperCore — built on an event-sourced, API-first, microservices architecture with polyglot runtime support (Java, JavaScript, Python, Go, Ruby, .NET), continuous non-breaking monthly delivery (100 releases to date), and a "meta core" approach in which banks configure rather than rebuild the core. Named customers include Tier 1 institutions (Chase UK, Westpac, Old Mutual), UK and ANZ mutuals and building societies (West Brom Building Society, The Co-operative Bank NZ, Great Southern Bank), and alternative lenders (Remara); the platform reportedly powers more than 100 million accounts globally and surpassed 10 million live accounts by mid-2026. The company is also distinguished by a deep partner ecosystem spanning SIs and consultancies (Deloitte, Cognizant, Constantinople, audax, HassemPrag, Validata, Tweezr) and infrastructure (AWS), and has been recognized by Celent as a Luminary and by IDC MarketScape as a Leader in EMEA and APAC.
The business model combines recurring SaaS subscription revenue from licensing the SuperCore platform, consumption-based cloud usage pricing enabled by hyperscale infrastructure, and implementation/professional services revenue (often delivered with SI partners) tied to phased migrations. Go-to-market is enterprise-led: direct field sales from London with regional coverage in Sydney target Tier 1 banks, mutuals and large alternative lenders, supplemented by an expanding channel of implementation and regional partners across EMEA, APAC, the Middle East and Africa. Revenue scaled to ~$32.3M ARR in 2025 (Getlatka) with 30%+ ARR growth over the trailing twelve months by mid-2026, and the business reached EBITDA-positive status in Q4 2025. Total disclosed funding is approximately $232M across a $187M Series C in June 2021 (co-led by BlackRock and CPP Investments with JPMorgan Chase, Nationwide, Ping An and Westpac), a £35M round in January 2024, and a $45M round in March 2025 (both led by BlackRock and JPMorgan Chase) — an investor base that overlaps meaningfully with the customer base.
10X Banking firmographics
Firmographics- Name
- 10X Banking
- Legal name
- 10x Banking Technology Limited
- Website
- https://www.10xbanking.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- 10x Banking is a London-headquartered fintech (founded 2016) that sells a cloud-native, API-first 4th-generation core banking platform (10x SuperCore) to Tier 1 banks, mutuals and alternative lenders across the UK, Australia, New Zealand, South Africa and emerging APAC/MEA markets.
- Ownership category
- akta.pro rank
10X Banking industry classification
Industry- Product category
- Cloud-Native Core Banking Platform
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Neobank Core Platform (Retail/SME Digital Bank) (FSAGAAAA)
- akta.pro secondary industry
- SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)
Keywords
Where 10X Banking is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
10X Banking business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS core banking platform subscription: Recurring SaaS revenue from licensing the 10x SuperCore cloud-native core banking platform to financial institutions, including Chase UK, Westpac, Old Mutual, West Brom Building Society, The Co-operative Bank and Remara. Pricing model and tiers are not publicly disclosed.
- Consumption-based cloud usage: Cloud-native, consumption-based pricing enabled by hyperscale cloud infrastructure, allowing customers to scale capacity and pay for infrastructure used.
- Implementation and migration professional services: Revenue from phased migrations, system integration and consulting engagements (often delivered with SI partners such as Deloitte, Cognizant, AWS, Constantinople and audax) to deploy and migrate customers onto the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise SaaS subscription (quote-based) |
| Usage-based | Pay-as-you-go | Consumption-based infrastructure usage |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels9 records
10X Banking product offering
Product offeringCore offering
10X Banking builds and sells 10x SuperCore, a cloud-native, event-driven, API-first, microservices-based core banking SaaS platform that serves as the system of record for retail, corporate, mutual and alternative lender banking products. Banks configure (rather than rebuild) the platform, extend it via the 10x Hooks customization framework and ProductKit SDK, and consume it on a subscription or usage basis on AWS infrastructure.
Product overview
10x Banking offers a single unified cloud-native SaaS core banking platform — the 10x Banking Platform (branded SuperCore) — built as a 4th-generation, event-driven, API-first system on microservices architecture. Built around seven foundational design principles (self-sufficiency, composability, developer experience, enterprise-grade security, continuous delivery, real-time intelligence, and migration as a first-class citizen), the platform serves as the system of record and is extended through a set of named capabilities and product layers rather than separate products: the Meta Core approach for product building; 10x Console for product configuration and management; 10x Hooks for custom logic in any programming language; the ProductKit SDK for developer teams; and a published AI Product Roadmap. Vertical solutions are packaged on top of the platform for Alternative Finance, Customer-Owned Banks/Mutuals/Building Societies, Embedded Finance, Retail Banking, Banking-as-a-Service, and Self-Hosted Core Ledger deployments. The platform is trusted by major financial institutions including Chase UK, Westpac, Old Mutual, West Brom Building Society, The Co-operative Bank (NZ), Constantinople, and Remara, with over 100 million accounts and 99.99% uptime, processing 10,000+ transactions per second.
Differentiator
Problem solved
Functional benefit
Brands
- 10x SuperCore: Registered trademark for the cloud-native SaaS core banking platform that underpins 10x Banking's offering.
- 10x Console
Products and services
- 10x Banking Platform (10x SuperCore) Cloud-native, event-driven, 4th-generation SaaS core banking platform built on a microservices architecture with API-first design. Processes over 10,000 transactions per second at 99.99% uptime, supports multi-tenancy, polyglot development (Java, JavaScript, Python, Go, Ruby, .NET), continuous monthly delivery, and serves as the system of record for retail, mutual, corporate and embedded banking products for financial institutions globally.
- Meta Core Branded evolution of the 10x platform positioned as the world's first 'meta core': a managed, configurable core banking architecture that lets banks build products from best-practice reusable building blocks with developer freedom and data-first operations, addressing the 'core ceiling' of copy-and-paste legacy principles.
- 10x Console
Quantifiable outcome
- Platform powers 100M+ accounts globally
- +7 more outcomes
Companies that use 10X Banking
Customer profileNamed customers8 records
Ideal customer profiles3 records
10X Banking technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability9 records
Feature8 records
10X Banking partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered minor, flagship and core.
- Tungsten AutomationminorFeatured partner in 10x webinar "How to choose a core banking platform without creating the next legacy".
- ApertureminorFeatured partner in 10x webinar "How to choose a core banking platform without creating the next legacy".
- TweezrflagshipStrategic partnership to derisk and accelerate core banking migration with deterministic AI; joint client work and joint Money20/20 Europe 2026 panel.
- ValidataflagshipCombines 10x's API-first core banking platform with Validata's AI-driven automation and reconciliation tools to deliver AI-powered continuous quality engineering, progressive data migration, real-time reconciliation and ISO 20022 readiness.
- HassemPragflagshipSouth African digital banking partner delivering a unified cloud-native core and digital orchestration solution to African banks; targets $2.2B Middle East & Africa core banking market by 2030.
- RemaraflagshipMulti-year partnership with Australian alternative asset manager Remara to deploy the 10x core banking platform for mortgages, commercial lending, term investments and novated leases; 10x's 9th ANZ client.
- audax Financial TechnologyflagshipSingapore-based audax partners with 10x to accelerate digital banking modernization across APAC, Europe and the Middle East, combining audax's rapid deployment software with 10x's cloud-native core to launch full digital services in as little as six months.
- ConstantinopleflagshipImplementation and consulting partnership supporting rapid deployment of banking solutions on the 10x platform, enabling clients to launch full-service offerings in less than seven months; jointly won "Partnership of the Year" at the 2025 FF Awards.
- AWScoreCloud infrastructure partner - 10x runs on AWS; co-author of migration whitepapers and co-host of multiple webinars (e.g., "Break free from batch", "Navigating a cloud-native core banking migration").
- CelentcoreIndustry analyst partner - co-hosts webinars with 10x Banking and AWS on corporate banking modernization; named 10x a Luminary.
- GFT TechnologiescoreImplementation/consulting partner featured in 10x webinars on choosing a 4th-generation core banking platform.
- ZafincoreGlobal collaboration to simplify and accelerate core banking systems transformation by combining 10x's cloud-native core with Zafin's pricing and product capabilities.
- Old MutualflagshipStrategic partnership to expand 10x Banking into Africa starting in South Africa, targeting financial inclusion for unbanked populations and digital banking needs driven by rising mobile internet access.
- DeloittecoreStrategic consulting partner on West Brom Building Society's major digital transformation alongside 10x Banking.
- CognizantcoreCo-author with 10x and AWS of migration whitepaper on phased core banking migration; system integrator supporting client deployments.
- InfosysminorJoint submission partner with 10x for the European Software Testing Awards 2020 (Best Test Automation Project - Functional).
Scale indicators12 records
Recent moves12 records
Expansion highlights6 records
10X Banking competitors and assessment
Company assessmentDirect peers
- Thought Machine: London-based cloud-native core banking vendor whose Vault platform competes head-to-head with 10x SuperCore for Tier 1 bank and challenger bank deals globally.
- Mambu: Berlin-based cloud-native core banking / SaaS banking platform serving neobanks, lenders and traditional banks; directly comparable composable architecture and customer segments to 10x.
- Backbase: Amsterdam-headquartered digital banking and engagement platform provider; competes for the same retail and corporate digital banking modernization budgets as 10x.
- nCino: Cloud banking platform combining core, CRM and analytics, predominantly serving commercial and retail banks — overlapping with 10x's Tier 1 and corporate banking focus.
Broad incumbents
- Oracle Financial Services: Incumbent provider of core banking, deposits and lending platforms to large banks; competes with 10x in legacy core replacement and digital banking transformation programs.
- Finastra: Major financial software vendor with core banking, lending and treasury solutions across Tier 1 and Tier 2 banks; an alternative incumbent in core modernization RFPs.
- FIS: Large financial technology incumbent offering core banking, payments and capital markets software; competes with 10x through established Tier 1 customer relationships and bundled offerings.
- Temenos: Established Swiss core banking software incumbent serving hundreds of banks globally; competes with 10x on Tier 1 replacement deals as the entrenched legacy alternative.
Emerging players
- ClearBank: UK clearing bank offering embedded banking and BaaS infrastructure; overlapping with 10x's Banking-as-a-Service and embedded finance offerings for UK fintechs and brands.
- Solaris: Berlin-based Banking-as-a-Service and embedded finance platform; comparable to 10x's embedded finance and BaaS vertical solution and a potential partner/competitor for European neobank clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
10X Banking social profiles
Digital presence10X Banking compliance and trust
Trust signalCompliance4 records
10X Banking financial estimates
Financial estimateRevenue estimate
Valuation estimate
10X Banking leadership team
Management profileNumber of profiles
Profiles20 records
10X Banking subsidiaries and ownership
Company hierarchySubsidiaries1 record
10X Banking funding detail
Funding detailFunding overview
Funding rounds6 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
10X Banking M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 10X Banking
What does 10X Banking do?
10X Banking builds and sells 10x SuperCore, a cloud-native, event-driven, API-first, microservices-based core banking SaaS platform that serves as the system of record for retail, corporate, mutual and alternative lender banking products. Banks configure (rather than rebuild) the platform, extend it via the 10x Hooks customization framework and ProductKit SDK, and consume it on a subscription or usage basis on AWS infrastructure.
Is 10X Banking a public or private company?
10X Banking is a private company. It is classified as venture growth investor backed and is currently operating.
When was 10X Banking founded?
10X Banking was founded in 2016. It employs 251 to 500 people.
Where is 10X Banking based?
10X Banking is headquartered in London, United Kingdom, in the Europe region.
How does 10X Banking make money?
Three revenue lines are on record. SaaS core banking platform subscription is the primary driver. The others are consumption-based cloud usage and implementation and migration professional services.
Who are 10X Banking's main competitors?
Direct peers on record are Thought Machine, Mambu, Backbase and nCino. Broad incumbents are Oracle Financial Services, Finastra, FIS and Temenos. Emerging players are ClearBank and Solaris.
Does 10X Banking have an API?
Yes. 10x Banking offers an API-first, event-driven core banking platform with REST APIs. Developers and product teams can build, configure, and launch financial products programmatically using the platform's polyglot runtime (Java, JavaScript, Python, Go, Ruby, .NET), extend core functionality via the 10x Hooks customization framework (custom logic written in any programming language, triggered by API-driven events), and use the ProductKit SDK to build and iterate on financial products without touching commodity infrastructure code. The platform supports API-first design with continuous delivery, multi-tenancy, and a sandbox environment for proofs of concept. Developer documentation is at docs.10xbanking.com.
What industry is 10X Banking in?
10X Banking's product category is Cloud-Native Core Banking Platform. Its primary akta.pro industry code is FSAGAAAA, Neobank Core Platform (Retail/SME Digital Bank), with a secondary code of FSAGAAAI, SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations). Its NAICS code is 5221 and its SIC code is 6021.