FintechOS, a London, UK-based global technology provider for banks, insurers and other financial services companies, raised USD60m (€51m) in Series B funding.
The round was led by Draper Esprit, with participation from existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures, among others.
The company intends to use the funds to expand operations and business reach to target financial institutions in Asia-Pacific, Middle East and Africa, and North America. This includes new offices in the USA, Dubai, and Singapore, along with the addition of 120 new staff members resulting in a 40% increase in overall headcount. FintechOS also plans to use the funds to expand its core systems capabilities in banking and insurance, strengthening the low-code self-service proposition and personalization through AI and machine learning in customer journeys and product and services offerings.
Led by Teodor Blidarus, co-Founder and CEO, and Sergiu Negut, co-Founder, CFO & COO, FintechOS provides financial service firms with a low-code, self-service platform to augment legacy systems and to build, test and scale new digital products and services quickly.
The system consolidates critical data from multiple sources like existing databases and ecosystem APIs and these rich data insights are automatically plugged into every step of the customer journey to create truly personalized offerings. The tech integrates with existing IT systems and low code tools quickly empower organizations to design personalized customer experiences.
These capabilities free customers to tailor products, services, and interactions to a segment of one, increase ROI and decrease time-to-market.
More than 40 institutions run on FintechOS, including Erste Bank, Societe Generale, Howden Group Holdings, Vienna Insurance Group and many more. Our reach spans 20 markets and four continents. The company manages more than $100bn in assets and has offices in London, Amsterdam and Bucharest.