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Deutsche Bank signs decade-long Vault Core agreement
Deutsche Bank selected Vault Core for banking and lending products in its German retail and wealth units. Testing is planned for 2026, followed by phased migrations from 2027.
Thought Machine secures £30m from a new bank investor
A May 2026 transaction provided £9m in convertible loan notes and funded a £21m secondary sale of employee share options. The unnamed investor is reportedly a tier-one bank and client.
Revenue rises 57% as Thought Machine narrows its losses
2025 revenue reached £74.8m, up from £47.6m. Operating losses fell to £42m from £69.4m, while the company reported positive free cash flow in the second half.
Thought Machine creates CPO role and appoints a new CTO
Former CTO William Montgomery became Thought Machine's inaugural chief product officer. Vault Core engineering leader Giovanni Marescalchi was appointed chief technology officer.
AI Generated Insights
Own end‑to‑step lead generation, proposal creation, and closing deals with Tier 2‑5 banks across EMEA, driving pipeline and meeting sales targets.
A candidate with an active network in mid‑market, regional or challenger banks in EMEA, proven enterprise fintech software sales experience, and a track record of introducing new technology.
The role fuels Thought Machine’s mission to replace legacy banking tech by expanding the customer base in high‑growth mid‑size banks, directly impacting revenue and market expansion.
Ambitious, energetic sales leaders who thrive on building relationships, enjoy fast‑paced deals, and aim to progress toward senior leadership such as CRO or Regional Sales Leader.
Thought Machine's mission is bold – to properly and permanently rid the world's banks of legacy technology. To achieve this, we have developed the foundations of modern banking through core and payments technology which run natively in the cloud. What we are attempting is hard and means we need great people working together to build great technology.
We have grown rapidly in the past few years – growing our team to more than 550 individuals across offices in London, New York, Singapore, Sydney and our newly established Engineering Hub in Lisbon. We have raised more than £500m in funding and our investors include Molten Ventures, Eurazeo, Intesa Sanpaolo, Temasek, Nyca Partners, JPMorgan Chase Strategic Investments, Standard Chartered Ventures, and more.
We have created a culture that enables our team to produce the best work in the industry while ensuring we have fun along the way. We're regularly cited as having a fantastic workplace culture and have been recognised by Sifted magazine as having one of the highest Glassdoor ratings for a UK fintech company and the industry's most generous employee share package. Named one of the world's most innovative fintechs by Global Finance Magazine, we were also recognised by the Financial Times as one of Europe's fastest-growing companies for two consecutive years—and a UK Best Employer for 2026.
We are looking to expand our sales team by hiring a Sales Director. In this role you will have focus on winning new business from mid-market, regional, and challenger banks, institutions that are primed for rapid digital transformation.
We actively hire candidates who demonstrate technical excellence in their field and welcome people of all ages and backgrounds, providing everyone with equal access to professional development. You are encouraged to apply even if your experience doesn't accurately match the job description. We also encourage applications from those with different abilities, including candidates with ADHD, autism, dyslexia or dyspraxia.