10x Banking Hits Profitability Milestone with 30% ARR Growth and 10 Million Live Accounts

Quick Summary

10x Banking has achieved EBITDA-positive status as of Q4 2025, supported by a 30% ARR growth and surpassing 10 million live accounts. The core banking platform is scaling rapidly across APAC, North America, and EMEA to meet the urgent demand for AI-ready financial infrastructure.

How is 10x Banking Scaling its Core Banking Platform?

10x Banking has demonstrated significant commercial momentum by onboarding over 10 new clients in the last year. This expansion spans critical markets including North America, APAC, and the UK, proving the global appetite for cloud-native core banking solutions. The platform now supports 10 million live accounts, a major scalability milestone for the firm.

• 30% ARR growth delivered in the 12 months leading to May 2026.
• 100th platform release (Version 10.0) launched to mark a decade of innovation.
• 500,000 additional accounts scheduled for migration in the second half of 2026.

What Role Does AI Play in Modern Core Migration?

To address the fact that only 30% of banks currently utilize AI at their core, 10x Banking has formed strategic AI partnerships. By collaborating with Tweezr, the company uses deterministic AI to analyze legacy systems, significantly reducing migration risk. This approach ensures that financial institutions can transition to 2040-ready technology without the typical friction associated with monolithic legacy estates.

• HassemPrag partnership to drive digital banking orchestration across Africa.
• Tweezr integration for AI-driven understanding of complex legacy codebases.
• Real-time reporting and liquidity tooling added to the H2 2026 roadmap.

How is 10x Banking Achieving Sustainable Profitability?

The company reached a financial turning point in late 2025, becoming EBITDA-positive and remaining self-sustaining through 2026. This stability allows for aggressive commercial expansion, including plans to near-double the commercial team across EMEA and APAC. Under the leadership of Olly Richards, the firm is pivoting toward high-growth sectors like mortgage lifecycle management.

Antony Jenkins, Founder and CEO of 10x Banking, said:

"After reaching EBITDA-positive in Q4 2025, the last 12 months have been one of the strongest periods in 10x Banking’s history. Crossing 10 million accounts on the platform, growing ARR by more than 30%, and striking up a number of new partnerships reflect the growing demand from banks for modern, cloud-native core banking platforms fit for an AI-first future. As we celebrate our tenth anniversary this year, 10x Banking is well placed for its next phase of growth."

FF NEWS TAKE:

10x Banking reaching profitability is a major industry signal. For years, the "neo-core" space was defined by high burn and long sales cycles. By hitting EBITDA-positive while maintaining 30% ARR growth, 10x proves that core banking platform replacements are no longer just experimental—they are commercially viable at scale. This moves the needle by validating cloud-native migrations for Tier-1 institutions globally.