Fintech
The Romanian fintech offering superior customer experiences
A new round of funding allows FintechOS to accelerate its global expansion, making core modernization more accessible for the financial services industry.
Romanian FintechOS, an end-to-end financial product management platform, announced this week the successful completion of a $60 million Series B+ investment round led by Molten Ventures, Cipio Partners and BlackRock, together with existing investors EarlyBird VC, OTB VC, and Gapminder VC.
The new funding round comes as the Romanian company celebrates 40% year-on-year growth and a 170% increase in operating margins. The company says it is on track to break even in 2024, underscoring its solid business model.
“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 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.”
Since its latest funding round, FintechOS has seen growth of over 300%, engaging key clients such as Société Générale, Admiral, Benenden Health, Avant Money and Vibrant Credit Union in the banking and insurance sectors in the US, UK, ‘Continental Europe, and APAC. This exponential growth highlights the global demand for FintechOS solutions.
A proven track record
In 2024, FintechOS received recognition from leading industry analysts, including recognition by Gartner and Celent as a representative vendor in leading banking, credit and insurance technologies. Notably, FintechOS is the only provider in the world to achieve this distinction across different financial services verticals.
“This recognition from industry analysts highlights the effectiveness of our innovative approach,” adds Blidarus. “We are committed to helping financial institutions modernize their core systems and deliver superior customer experiences.”
“FintechOS is at the forefront of transforming financial services through innovative technologies,” says Vinoth Jayakumar, partner at Molten Ventures. “His track record with major banks and insurance companies demonstrates a rare ability to drive meaningful change within these organizations. We are excited to support its continued growth and success.”
“The growth trajectory of FintechOS 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 have on the financial services industry. Their commitment to modernization and innovation aligns perfectly with our investment strategy.”
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