In the latest development, FintechOS, the technology as a service platform for financial services organisations has secured GBP 10.7 million (approx €12.6 million) in a Series A round.
The funding round was led jointly by Earlybird‘s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. The capital will be used to accelerate the growth across Europe and to expand to South East Asia and the US markets.
On top of that, the London-headquartered fintech company will invest heavily in the continued development of more pre-built apps, services, and solutions.
Teodor Blidarus, CEO and Co-Founder of FintechOS, commented:
Our disruptive approach is customer, not technology-driven. We created FintechOS to transform the financial industry, empowering banks, and insurance companies to act and react faster and to create a smarter, slicker customer experience. As a result, hyper-personalised services and elevated customer experiences are now available almost plug and play.
For the uninitiated, FintechOS empowers traditional banks and insurance companies to adapt to rapidly changing customer expectations and match the speed and flexibility of nimble technology-driven competitors.
Using the company’s technology, banks and insurers can launch data-driven, hyper-personalised digital products and services with unprecedented speed – weeks rather than months or years.
Founded by Romanian entrepreneurs Sergiu Negut and Teodor Blidarus in 2017, the company offers both multi-cloud SaaS deployments, helping client’s transition to the cloud, and on-premises deployments, working seamlessly alongside the existing technology infrastructure. The company has offices in London, Amsterdam, Vienna, Copenhagen, and Bucharest.
This platform helps banks and insurance companies access the marketplace with more than 50 open sources, ready-made apps for client onboarding, lending, savings, insurance, pensions, and wealth management. Right now, the company has partnered with Microsoft, EY, Deloitte, Publicis Sapient, and Capgemini, allowing fast deployment in multiple markets.
It’s worth mentioning that the FintechOS has customers in more than 20 countries across three continents and grew its Annual Recurring Revenue by 450% during 2019.
Dan Lupu, Partner at Earlybird, said:
FintechOS is a pioneer in a booming market, with a vision to transform the way financial institutions react to market and regulatory changes. We are proud to become part of a journey that will shape the future of financial services.
Main image credits: FintechOS
Stay tuned to Silicon Canals for more European technology news.
