Finxact
The platform for banking, fintech and embedded finance
189 employees · est. 2016 · Jacksonville, United States
Thought Machine
Thought Machine builds the Vault platform: cloud-native core banking and payments technology.
531 employees · est. 2014 · London, United Kingdom
Thought Machine is the older company (2016 vs 2014); Thought Machine is the larger of the two.
Side-by-Side Comparison
| Metric | Finxact | Thought Machine |
|---|---|---|
| Founded | ||
| Founded | 2016 | 2014 older |
| Headquarters | ||
| Headquarters | Jacksonville, United States | London, United Kingdom |
| Employees | ||
| Employees | 189 | 531 larger |
| Industry | ||
| Industry | Financial Services, Fintech, Payments | Enterprise Software, Financial Services, Fintech |
| Funding Stage | ||
| Funding Stage | Private Equity | Corporate |
| Total Funding | ||
| Total Funding | $42.00M | $669.50M |
| Funding Rounds | ||
| Funding Rounds | 2 | 9 |
| Services | ||
| Services | Cloud-native core banking platform, API-based financial services development, Payments functionality, Innovative financial product design and launch | Vault Core, Vault Payments, UI and Operations, Product Management, Customer Servicing, Reporting and Dashboards |
| Target Customers | ||
| Target Customers | Large Financial Institutions, Commerce Brands, Community Financial Institutions, Fintech Developers | Global and national banks, Mid-size and regional banks, Fintechs, Digital banks, Innovators |
| Taxonomy | ||
| Taxonomy | Banking Platform, Embedded Finance, Open API, Cloud-native, Transaction Processing, Core Banking Solutions, Omni-channel Services, Public Cloud, Private Data, Core-as-a-Service, Real-time Banking, Digital-first, Agility, Resiliency And Elasticity | Cloud-Native Technology, Core Banking Solutions, Microservices Architecture, API-Based Platforms, Legacy Infrastructure Replacement, Financial Technology, Banking Innovation, Payments Technology, Engineering Excellence, Retail Banking Platform, Banking Industry Transformation, Technology Revolution, Banking IT Modernization |
| Website | ||
| Website | finxact.com | thoughtmachine.net |
About Finxact
Finxact, founded in 2016, is a pioneering force in the financial technology sector. Positioned in the United States, the company is widely recognized as "The platform for banking, fintech and embedded finance". At its core, Finxact offers a 100 percent open API cloud-native platform, excelling in t...
About Thought Machine
Thought Machine has positioned itself as a transformative player in the banking technology sector, with its flagship product, the Vault platform. As a cloud-native core banking and payments technology solution, Vault Core stands at the forefront of modern financial systems, characterized by its micr...
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Funding, hiring, leadership and stack changes at Finxact and Thought Machine — by email.
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Compiled from the BounceWatch company index. We last looked at Finxact on 9 Dec 2025, and Thought Machine on 26 Aug 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.