News
Hyperlayer raises £19.5m to help banks modernise without replacing their core
The London start-up sells banks a product layer that sits on top of their existing systems. Its Series A2 values it at £195m.
Hyperlayer has raised £19.5m at a £195m valuation. The London company was founded in 2023 by former Morgan Stanley executives. Existing investor Flintlock Capital led the Series A2, with Mouro Capital and Susquehanna Private Equity Investments joining. That takes total funding to nearly £50m.
The pitch is simple: don't touch the core. Hyperlayer sits on top of a bank's existing stack so new products can launch without a migration. It says it has signed global Tier 1 banks in its first three years. The money goes on product, engineering and implementation teams and on growth in the US, Europe and Asia-Pacific. Louise Chan moves from COO to chief commercial officer, and Ben Helps takes over as COO.
Why it matters: Banks have spent a decade being told to rip out the core. Investors are now paying £195m for the opposite pitch, and core vendors will feel that in their pipelines.
Sources: Finextra
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