Bloomberg News reports that now Jenkins has the opportunity to practice what he preaches.
His fintech startup, 10X Future Technologies Ltd., announced it has raised 34 million pounds ($46 million) in a Series A round led by Ping An Insurance (Group) Company of China Ltd., a financial services firm in Shenzhen, and Oliver Wyman, a consulting firm owned by New York-based Marsh & McLennan Companies Inc.
The value of the investment is 17 times greater than the median of other early-stage fundraising deals in global fintech startups in the second quarter, according to data from CB Insights, a New York research firm.
"Twelve months ago my expectations were this is going to be a long process," Jenkins, 56, said in an interview. "Since I’ve started this firm, multiple banks around the world have been telling me they have a problem they can’t solve. But they don’t have a choice. They they won’t be able to compete in this new world where data is king."
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