UK-based Hyperlayer, founded by former Morgan Stanley executives, has raised 19.5 million pounds in a Series A2 round led by Flintlock Capital. Mouro Capital and Susquehanna also took part, and the post-money valuation is 195 million pounds. Its platform lets banks launch new products without replacing their core banking systems. With this round, total funding since October 2025 comes to almost 50 million pounds.
What it means: Replacing a core banking system is one of the most expensive and risky projects a bank can undertake, often lasting years and running over budget. That is why solutions that sit as a layer on top of existing systems are gaining ground, allowing new accounts, cards or products to be launched quickly without touching the core. Hyperlayer's valuation shows investors see strong demand for this approach, especially from banks under pressure from digital competitors. For Greek banks, which have invested heavily in digital transformation but still run older systems in the background, such platforms could be a way to bring new products for small businesses or new customers to market faster. There is an opposite risk too: every new layer adds complexity, dependence on a new supplier and third-party oversight duties under DORA. For Greek software firms serving banks, the trend opens opportunities for integration and services around such platforms.
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