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Core banking provider Thought Machine has banked $83 million in Series B funding, in a round led by Draper Espirt with continuing participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair Capital. 
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The American Bankers Association (ABA), Accenture Ventures, and SunTrust Bank have joined in a $30 million financing round for SaaS-based core banking startup Finxact.
Vineet Anand's insight:
Finxact core banking startup raises $30 million, launched by ex-FiS executives. Past week, Lloyds invested ~PS11 million for Thought Machine for its core banking implementation whilst taking stake in the company!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Impressive Series B round of $83million by Thought Machine. Funds to be used for global expansion to targeted markets including US.