FintechOS, a London, UK-based the next generation of hyper-personalised, automated financial technology, raised UK£10.7m (USD 14m) in Series A funding.
The round was led jointly by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub.
The company intends to use the funds to:
– continue the growth across Europe and expand to South East Asia and the US markets, and
– invest in the continued development of more pre-built apps, services and solutions.
Started in 2017 by serial entrepreneurs Teodor Blidarus and Sergiu Negut, FintechOS provides a technology platform, FintechOS 20, which allows financial services providers to puts automate and personalize the digital customer experience quickly. Using the company’s technology, banks and insurers can launch data-driven, hyper-personalised digital products and services in weeks rather than months or years.
FintechOS offers both multi-cloud SaaS deployments and on-premises deployments and more than 150 integrated sources of data out-of-the-box – from social and contextual to cloud and enterprise systems – and more than 20 automated financial processes for AI-enabled areas like KYC, Customer 360, pricing or risk analytics.
Banks and insurance companies can also access a marketplace with more than 50 open source, ready-made apps for client onboarding, lending, savings, insurance, pensions and wealth management.
Existing partnerships with Microsoft, EY, Deloitte, Publicis Sapient and CapGemini allow fast deployment in multiple markets. The company’s portfolio of global clients includes ERSTE, Vienna Insurance Group, Orange Money, Hyperion Group, TBI Bank, Transylvania Bank and Idea Bank.
FintechOS has offices in London, Amsterdam, Vienna, Copenhagen and Bucharest, and is planning to expand operations to the United States and Asia in 2020.