The Ash Grove investment in 10x Banking brings structured capital to a cloud‑native core banking platform.

Founded by a former Barclays Group CEO, 10x Banking offers an API‑first platform that lets banks process and record transactions in real time. The platform is designed to modernize legacy infrastructure and accelerate the launch of new products.

With AI being deployed across customer service, operations, and product development, real‑time systems such as 10x Banking will become increasingly critical. Ash Grove’s managing partner, Phil Fretwell, highlighted that recurring revenues, mission‑critical products, and deep customer relationships are key criteria for software investments.

This funding underscores the growing importance of flexible, real‑time banking technology in an era of rapid AI‑driven change.