Thought Machine

Active#34 in United Kingdom

Cloud-native core banking and payments software, Vault, used by banks to run accounts and products.

Fintech›core banking software thoughtmachine.net

Founded2014

HQLondon

RaisedUSD 550M+

Last roundSeries E · Jul 2025

Country of originUnited KingdomListed in the United Kingdom ranking

Where would you invest?United KingdomJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
United Kingdom · all sectors	Top 50	#34	Edition 0 · October 2026	3 Jan 2027

Rank historyOct 2026 · #34First edition: no movements yet.

Estimated valuation

AI · United Kingdom ranking

≈ USD 1.1bnUSD 840M–1.3bn · Unicorn

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series E · USD 68M · Jul 2025
Published valuation: USD 2.7bn · Nov 2022 · older than 24 months, shown for reference
AI adjustment: × 3: annual recurring revenue above USD 100M in 2026, while the 2025 round was an insider top-up from existing shareholders

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

USD 550M+ raised in total

Date	Round	Amount	Type	Investors
Jul 2025	Series E	GBP 51M (USD 68M)	Equity	—

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

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AI valuation: $1.1BUndervalued or overvalued?

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What the AI reads

Read by the AI at the next edition.

Comparable companies in United Kingdom

Full United Kingdom ranking →

Revolut#1Fintech › financial super-appHectocorn Checkout.com#3Fintech › online paymentsDecacorn SumUp#4Fintech › payments for small merchantsUnicorn Monzo#6Fintech › digital bankUnicorn

Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.