Thought Machine Among Cloud Top 500

Albert House 256-260 Old Street

London, x, EC1V 9DD, United Kingdom



Thought Machine Strengths, Domain Expertise, and Key Differentiators

Thought Machine is one of the UK's fintech companies and is undergoing a period of rapid expansion. Its mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is stuck on a legacy IT platform, which cripples their ability to innovate and give their customers the type of service they deserve.

Vault, a complete retail banking platform that is capable of being configured easily to suit the needs of any bank. Vault is built from the ground up as a cloud-native, microservice API architecture platform. Thought Machine has a deep culture of engineering excellence, and believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.

Thought Machine Recent Developments

In November 2019 Thought Machine has partnered with Google Cloud. As a Google Cloud partner in the Partner Advantage Program, Thought Machine is excited to work closely with the Google Cloud team on new opportunities around the world.

Vault has been written from scratch by Thought Machine to be a cloud-native modern alternative to the legacy platforms that plague the banking industry. Vault can be configured to run any type of bank and can implement the full range of banking products.

Most importantly, it enables banks to experiment quickly and offer its customers differentiated and personalized banking products. Its open and connectable architecture allows for integrating with other leading software vendors across the banking ecosystem.

Thought Machine Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Thought Machine applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Thought Machine and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Vault customers.

Thought Machine Key Enterprise and Cloud Applications


Thought Machine Revenues, $M:

Type/Year20182019YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Thought Machine Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Thought Machine Revenues By Region, $M

Region% of Total Revenues2019 Total Revenues, $M2019 Enterprise Applications Revenues, $M2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Thought Machine Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Thought Machine Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Thought Machine Customers

No. of Thought Machine Customers: x

No. of Thought Machine Enterprise Applications Customers: x

No. of Thought Machine Cloud Customers: x

No. of Thought Machine Cloud Subscribers: x

Thought Machine’s customers are primarily in Europe and Asia — they include large, legacy outfits like Standard Chartered, Lloyds Banking Group, and Sweden’s SEB through to “challenger” (AKA neo-) banks like Atom Bank. Some of this financing will go towards boosting the startup’s activities in the US, including opening an office in the country later this year and moving ahead with commercial deals.

Thought Machine Market Opportunities, M&A and Geo Expansions

In July 2020 Thought Machine signed an additional $42m in funding for its series B round, due to close in early August. Eurazeo Growth is leading this extension, with British Patient Capital and SEB also coming in as new investors. Royal Park Partners acted as a financial adviser. This brings the round’s total value to $125m following $83m secured in March led by Draper Esprit and joined by Lloyds Banking Group, IQ Capital, Backed, and Playfair Capital.

With this new round of financing, Thought Machine will continue to invest in growing its business internationally – also hiring key roles in APAC, US, and Australia, while continuing to develop new products and features, including its upcoming advanced payments solution.

Thought Machine Risks and Challenges

Change in leadership could lead to a new Go-To-Market strategy.

Thought Machine Ecosystem, Partners, Resellers and SI

IBM will be the global preferred implementation partner for Thought Machine’s cloud-native core banking platform called Vault. Many established banks have the ambition to deliver better digital services to their customers but are held back by their complex core banking platforms. On average, banks spend a significant proportion of their IT budgets maintaining their current operations leaving them little ability to invest in developments to offer services that customers expect.

Thought Machine’s Vault is a cloud-native core banking system that allows banks to fully realize the benefits of all clouds including the IBM Cloud. The system has been developed to be highly flexible giving banks the ability to quickly add new products, accommodate shifts in a bank’s strategy or react to external changes in the market.

Thought Machine Cloud Infrastructure Insights

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  • Thought Machine Public Cloud and Infrastructure (IaaS)
  • Thought Machine Platform (PaaS)
  • Thought Machine Application Delivery
  • Thought Machine Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: Us

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