FintechOS, a leading end-to-end financial product management platform, today announced the successful completion of a $60 million Series B+ investment round. This round was led by Molten Ventures, Cipio Partners, and BlackRock, alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.
The new funding round comes as FintechOS celebrates „significant business achievements”, including a 40% year-over-year growth and a 170% increase in operating margins. „The company is on track to achieve break-even in 2024, underscoring its robust business model.” – according to the press release.
„Securing this investment is a testament to the confidence our investors have in our vision and execution. Our rapid growth and operational improvements reflect the demand for our next-generation financial product management solutions. We are revolutionizing the financial services industry by providing technology that enables core modernization and drives innovation”, said Teodor Blidăruș (photo left), Co-Founder and CEO of FintechOS.
Since its last funding round, FintechOS has experienced more than 300% growth, onboarding key customers such as Société Générale, Admiral, Benenden Health, Avant Money and Vibrant Credit Union in the banking and insurance sectors across the US, UK, Continental Europe, and APAC.
The most important markets for FintechOS are the UK, continental Europe and the US.
„In 2024, FintechOS has received accolades from leading industry analysts, including recognition from Gartner and Celent as a representative vendor in core banking, lending, and insurance technology. Notably, FintechOS is the only vendor worldwide to achieve this distinction across different financial services verticals.” – the company said.
“This recognition from industry analysts highlights the effectiveness of our innovative approach. We are committed to helping financial institutions modernize their core systems and deliver superior customer experiences”, Blidăruș added.
„FintechOS is at the forefront of transforming financial services through innovative technology. Its track record with major banks and insurers demonstrates a rare ability to drive significant change within these organisations. We are excited to support its continued growth and success”, said Vinoth Jayakumar, Partner at Molten Ventures.
“FintechOS’s growth trajectory is a clear indicator of their potential. We are delighted to be part of this journey and look forward to seeing the transformative impact they will make in the financial services sector. Their commitment to modernization and innovation aligns perfectly with our investment strategy”, added Roland Dennert, Managing Partner at Cipio Partners.
„We have been with the company and the team led by Doru Bliđaruș and Sergiu Neguț since the year GapMinder was founded, FintechOS being one of our first investments.Their significant growth in Romania and globally in an industry as demanding as financial services recognizes their development capacity and indirectly validates our investment thesis focused on business-to-business solutions for business automation, cyber security, fintech and data analytics„, stated Dan Mihăescu, founding partner GapMinder Ventures.
What are the plans for Romania
Romania represents an important part of the company’s revenues – FintechOS has been working with major financial institutions in the local market for the last five years, including BRD – Groupe Société Générale, CEC Bank, Banca Transilvania and OMNIASIG Vienna Insurance Group.
„Romania and the whole of South-East Europe have enormous potential. Financial institutions in this
region need technology providers to help them modernise their core banking systems to develop
competitive financial products, reduce costs and attract and retain more customers. We plan to
allocate funds to support customers in Romania and the region to migrate to the latest version of the
platform, FintechOS 24, which is recognised by leading industry analysts including Celent and
Gartner”, explained Teodor Blidăruș.
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The company is a Gold Partner at Banking 4.0, international fintech conference focused on the emerging technologies impact on the financial industry both on business models and customer relationships.
This year’s theme, „From Tech-Centric to Human-Centric: Conversational Banking in the Digital Era,” aims to explore how we can shift the focus from technology alone to technology that enhances human interactions. As the digital landscape reshapes sectors with advancements in AI, robotics, and quantum computing, the enduring power of human connection remains central to business success.
The 10th anniversary edition of Banking 4.0 will take place at the amazing casino in Sinaia, between November 26-28. Further details about the event are available here.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
