Hyperlayer Raises £19.5M at £195M Valuation to Expand Core Banking Overlay
Oct. 22, 2026 • Article • Companies & Deals
Hyperlayer has raised £19.5 million in a Series A2 round led by existing investor Flintlock Capital, valuing the company at £195 million post-money. Mouro Capital and Susquehanna Private Equity Investments also participated. The funding brings Hyperlayer’s capital raised over the trailing 12 months to approximately £50 million, following a £30 million financing in late 2025.
The company develops Layer Core, a programmable overlay designed to let banks manage product logic, pricing and automated compliance above their existing core systems, which continue to record ledger transactions. Hyperlayer says it has secured deployment mandates with unnamed Tier 1 banks in Europe and North America. The round supports an international rollout following its US market launch in September 2026. Alongside the financing, Hyperlayer named Ben Helps chief operating officer and Louise Chan chief commercial officer. Flintlock Capital co-founder and general partner Joe Shamess joined its board.
Hyperlayer has raised £19.5 million in a Series A2 round that values the core banking technology company at £195 million post-money. The financing, led by existing investor Flintlock Capital, is intended to accelerate an international rollout of Hyperlayer’s programmable overlay for banks that want to change how products operate without replacing their underlying core systems.
Mouro Capital and Susquehanna Private Equity Investments also participated. Hyperlayer says it has secured mandates with several unnamed global Tier 1 banks across Europe and North America to deploy its technology. It has not identified those banks in the provided information, leaving the scope and timing of individual deployments undisclosed.
Financing and leadership changes
The Series A2 brings Hyperlayer’s capital raised over the trailing 12 months to approximately £50 million, or roughly $66 million. That total includes a £30 million financing closed in late 2025. Reports have described the earlier transaction using different currencies and amounts; the £30 million figure is the one used here for the financing and the resulting 12-month total.
Flintlock Capital co-founder and general partner Joe Shamess joined Hyperlayer’s board of directors in connection with his firm leading the new round. The company also announced a management reshuffle: Chief Strategy Officer Ben Helps became chief operating officer, while Louise Chan moved from the COO role to chief commercial officer, with a focus on international client contracts.
Those changes accompany Hyperlayer’s expansion beyond its original market. The company launched in the US at MoneyLIVE North America in September 2026 and was selected as an accelerator finalist in the FinTech Innovation Lab Asia Pacific in October 2026. The funding is positioned as a way to advance that ongoing international rollout, rather than as the announcement of a new market launch.
How the banking overlay works
Hyperlayer’s main technology, Layer Core, is also referred to as HyperOS. It is a core-agnostic middleware layer: software designed to sit between a bank’s existing core banking engine and the systems that determine how customer products work. “Core-agnostic” means the approach is designed to operate without depending on a particular underlying core platform.
Under Hyperlayer’s model, the legacy core remains responsible for recording transactions in the ledger. Product logic, pricing and automated compliance processes run in the layer above it. This separates functions that banks may want to adjust frequently from the system that maintains their transaction records. The company presents that separation as an alternative to attempting a complex, multi-year replacement of the core itself.
The distinction matters to the proposition Hyperlayer is selling. An overlay can give a bank a place to configure product behaviour without moving every function out of its established core at once. That is the design described by the company; the available information does not establish how much of any client bank’s existing technology will change or when its deployments will be completed.
Hyperlayer’s enterprise infrastructure grew out of technology originally developed for HyperJar, a UK consumer digital wallet and budgeting app. The company was established as a standalone business-to-business entity in 2023 by former Morgan Stanley executives Rob Rooney, a former CEO of Morgan Stanley International, and Paul Rolles. That standalone founding date distinguishes Hyperlayer from the earlier consumer-product lineage associated with HyperJar.
What the round could support
The new capital arrives as Hyperlayer moves from describing its architecture to pursuing deployment with large banking clients in multiple regions. The reported mandates indicate commercial engagement, but the banks are unnamed and the information supplied does not specify contract values, implementation milestones or live customer volumes. Those omissions limit what can be concluded about the scale of adoption so far.
Hyperlayer’s case rests on allowing banks to update product and compliance capabilities while retaining their existing ledger engines. The financing and appointments give the company additional backing and a commercial leadership role focused on international contracts. Whether that approach delivers the intended operational benefits will depend on the bank deployments themselves; the round establishes the company’s funding and expansion plans, not their outcome.
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Hyperlayer has raised £19.5 million in a Series A2 round led by existing investor Flintlock Capital, valuing the company at £195 million post-money. Mouro Capital and Susquehanna Private Equity Investments also participated. The funding brings Hyperlayer’s capital raised over the trailing 12 months to approximately £50 million, following a £30 million financing in late 2025. The company develops Layer Core, a programmable overlay designed to let banks manage product logic, pricing and automated compliance above their existing core systems, which continue to record ledger transactions. Hyperlayer says it has secured deployment mandates with unnamed Tier 1 banks in Europe and North America. The round supports an international rollout following its US market launch in September 2026. Alongside the financing, Hyperlayer named Ben Helps chief operating officer and Louise Chan chief commercial officer. Flintlock Capital co-founder and general partner Joe Shamess joined its board.
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