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Romanian-founded FintechOS Secures $60M in Series B+

Romanian-founded FintechOS Secures $60M in Series B+, TheRecursive.com
Image credit: Teo Blidarus, CEO and Co-founder FintechhOS (personal archive)
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In a nutshell

  • FintechOS, an end-to-end financial product management platform, secures $60M in Series B+.
  • This round was led by Molten Ventures, Cipio Partners, and BlackRock, alongside existing investors EarlyBird VC, OTB VC, and Romanian Gapminder VC. The latter is one of the recurring investors in the company.
  • The latest funding round will enable FintechOS to accelerate global expansion, aiming to provide core modernization more accessible for the financial services industry.

 

Get the details

Romanian-founded FintechOS is a comprehensive platform for managing financial products. It enables banks, insurers, and other financial institutions to enhance their core business systems to support the entire product lifecycle. 

According to the company’s data, 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.

The company now operates in four locations, with R&D centers in Bucharest and Lisbon, and sales and marketing offices in London and New York.

The new funding round comes as FintechOS celebrates a 40% year-over-year growth and a 170% increase in operating margins.

In 2024, FintechOS was recognized by Gartner and Celent as a representative vendor in core banking, lending, and insurance technology. According to company representatives, they expect to reach breakeven this year.

 

In their own words

“Securing this investment is a testament to the confidence our investors have in our vision and execution,” said Teo Blidarus, Co-Founder and CEO of FintechOS, founded in 2017. 

“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,” he added.

Read more:  US-based digital insurance agent co-founded by Bulgarians secures $100M Series B funding

 

Investor’s perspective

“FintechOS is at the forefront of transforming financial services through innovative technology,” said Vinoth Jayakumar, Partner at Molten Ventures. “Its track record with major banks and insurers demonstrates a rare ability to drive significant change within these organizations. We are excited to support its continued growth and success.”

“FintechOS’s growth trajectory is a clear indicator of their potential,” added 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 modernization and innovation aligns perfectly with our investment strategy.” 

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https://therecursive.com/author/teodoraatanasova/

Teodora Atanasova is a News Editor at The Recursive. She covers everything around funding rounds, exits, startups expanding to international markets, big tech opening R&D in CEE, meaningful for the ecosystem partnerships.