According to foreign media, British fintech start-up Thought Machine has raised $200 million in a fresh round of funding led by Nyca Partners, a US-based venture capital firm that has previously bet on companies including Affirm and Revolut, with additional backing coming from major lenders including JPMorgan Chase, Standard Chartered and ING.

    Thought Machine was Founded in 2014 by former Google engineer Paul Taylor. Its software helps big banks move away from legacy IT infrastructure to a modern, cloud-based platform. It also counts many of its big-name banking backers as clients.

        According to Taylor, his firm’s mission “isn’t a small one,” and that it requires substantial investment to achieve its goals. Though Thought Machine is now making “tens of millions” of pounds in revenue, it isn’t yet profitable.

        About JP Morgan

        JPMorgan Chase Group, a major commercial bank in the United States. It is headquartered in New York, USA, with total assets of US$2.5 trillion and total deposits of US$1.5 trillion, accounting for 25% of total US deposits. With more than 6,000 branches, it is one of the largest financial service institutions in the United States.

      On the ranking of “The First Daguan·Keweiwei World Brand Value Top 900" released on March 14, 2021, JP Morgan's brand value was 604.678 billion RMB, ranking the 33rd.

Author:   Nan

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