Key facts
- 10x Banking raised £40 million in fresh funding.
- The company's total funding now exceeds £200 million.
- 10x Banking has surpassed 10 million live accounts.
- Annual Recurring Revenue (ARR) grew over 30% in the 12 months to May 2026.
- 10x Banking achieved EBITDA positive status in Q4 2025.
10x Banking, a FinTech company co-founded by former Barclays CEO Antony Jenkins, has announced a significant funding round, raising £40 million. This latest investment brings the company's total funding to over £200 million. Alongside the funding news, 10x Banking revealed it has surpassed a major milestone, now serving over 10 million live accounts on its platform. The company has experienced substantial growth in the past year, reporting an Annual Recurring Revenue (ARR) increase of more than 30% for the 12 months concluding in May 2026. Furthermore, 10x Banking has achieved a key financial benchmark, reaching EBITDA positive status in the fourth quarter of 2025. This suggests a positive trajectory towards sustained profitability for the FinTech firm.