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10x Banking
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Location
Westminster
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Industry
Fintech
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Key Leader:
CEO
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Anthony Jenkins
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Founded
2016
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Employees
1000
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Stage
Series C
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Contact Email
Info@10xbanking.com
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Overview

10x Banking provides a cloud-native banking platform that allows financial institutions to offer more efficient and effective services. The platform is designed to transform the user experience, providing a more flexible, secure, and cost-effective way for banks to operate and innovate.

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Key Products & Services
  • Core banking platform
  • Virtual accounts
  • Accounts payable and receivable automation
  • Description

Operator of a digital banking platform intended to navigate and harness changing customer trends, market conditions, and regulatory requirements. The company's platform specializes in providing financial services based on open banking principles covering banking process automation, compliance reporting, security, and analytics, enabling banks to drive cost-efficiency and seamlessly connect customer interfaces in their systems.

  • Product & Services Review

Core banking platform: 10x's cloud-native core banking platform, known as SuperCore, enables banks and financial service providers to deliver personalized customer experiences, transform faster, and stand out from the competition.

Virtual accounts: 10x provides virtual accounts, sweeping, and pooling as standard features, eliminating the need for complex system integration and reducing costs.

Self-service virtual accounts: Clients can create virtual accounts instantly, simplifying account management and enhancing customer satisfaction.

Accounts payable and receivable automation: 10x's platform automates the reconciliation of accounts payable and receivable, improving efficiency and reducing errors.

Entitlements solution: The platform offers an entitlements solution that allows for the configuration of user access, payment limits, and approval flows.

Payment orchestration: 10x's platform provides domestic and international payment orchestration, warehousing, routing, and repair services.

BaaS (Banking as a Service): 10x enables banks to offer Banking as a Service (BaaS) to their clients, allowing them to access a wide range of financial services and products.

Customer hub: 10x offers a customer hub that provides a centralized platform for customers to manage their finances, track transactions, and communicate with the bank.

Transformation services: 10x guides banks on their transformation journey, providing expert advice and support to help them become more competitive, customer-centric, and agile.

  • Key People
CEO
Anthony Jenkins
COO
Curt Hess
CPO
Okan Ozaltin
  • Funding Details
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Total Funding
$252.5M
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Last Funding
$187M
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Last Date Funded
6/14/2021
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Number of Rounds
3
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Round Type
Series C
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Estimated Valuation
The valuation estimates in Intelli are synthesized from publicly accessible data sourced from private market platforms. They are intended as approximations and should not be the sole basis for any financial decisions.
$700M
  • Lead Investors
BlackRock
JPMorgan Chase
Nationwide
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