VENDOR · UK
Hyperlayer raises £19.5m to help banks modernize core systems without replacement
Hyperlayer, a London fintech founded by ex-Morgan Stanley engineers, raised £19.5m at a £195m valuation. Its platform lets banks layer modern APIs and AI on legacy core systems without full rip-and-replace—a huge pain point for enterprises.
WHY IT MATTERS
Validates the 'composable banking' thesis: mid-market and enterprise banks will increasingly buy plug-in layers for AI/modernization rather than abandon installed cores, creating a new category of middleware vendors.
Source: Finextra · 2026-10-21