This company’s technology is designed to replace banks’ outdated and unwieldy IT systems, making them more efficient and reducing costs. The company was founded in 2016 by former Barclays chief executive Antony Jenkins, 58, who wanted to build a solution to the technological problems he encountered in the banking sector. The company is run by chief executive Rebecca Skitt, 49, who helped increase sales to £18.6m in 2018, with sales of over £50m forecast in 2019. The company has raised £66m to date, from backers including Chinese conglomerate Ping An, and Nationwide, which invested £15m in March this year.

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Company details
Year2019
Company10x Future Technologies
ActivityBanking technology provider
LocationCentral London
Latest sales £000s18,608
Forecast sales £000s50,000+
Staff150
Founded2016
Websitewww.10xbanking.com

If applicable:

* Sales and forecast sales provided by the companies