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A new funding round enables FintechOS to accelerate its global expansion, making core modernisation more accessible for the financial services industry.
Romania’s FintechOS, an end-to-end financial product management platform, this week announced the successful completion of a 60 million US dollars Series B+ investment round led by Molten Ventures, Cipio Partners, and BlackRock, alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.
The new funding round comes as the Romanian firm celebrates 40 per cent year-over-year growth and a 170 per cent increase in operating margins. The company says that it is on track to achieve break-even in 2024, underscoring its robust business model.
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“Securing this investment is a testament to the confidence our investors have in our vision and execution,” says Teo Blidarus, co-founder and CEO of FintechOS. “Our rapid growth and operational improvements reflect the demand for our next-generation financial product management solutions. We are revolutionising the financial services industry by providing technology that enables core modernisation and drives innovation.”
Since its last funding round, FintechOS has experienced more than 300 per cent 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. This exponential growth highlights the global demand for FintechOS’s solutions.
A proven track record
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.
“This recognition from industry analysts highlights the effectiveness of our innovative approach,” Blidarus adds. “We are committed to helping financial institutions modernise their core systems and deliver superior customer experiences.”
“FintechOS is at the forefront of transforming financial services through innovative technology,” says Vinoth Jayakumar, partner at Molten Ventures. “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.”
“FintechOS’s growth trajectory is a clear indicator of their potential,” adds Roland Dennert, managing partner at Cipio Partners. “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 modernisation and innovation aligns perfectly with our investment strategy.”
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