Thought Machine lands $40M funding from bank, surpasses $100M in annual revenue

Thought Machine , one of the UK’s most valuable fintechs, is set to unveil that it has received £30m ($41m) funding from a "tier 1" bank later this year, as its annual revenues surpass $100m for the first time, it said. The boss of the UK fintech also said the conditions “were difficult” for a London IPO, with an IPO at least two years away, and criticised valuations as a performance metric, saying revenues are a better measure. Thought Machine is one of a new breed of fintechs which provide clo