FintechOS, a leading end-to-end financial product management platform, has announced the successful completion of a $60M Series B+ investment round. The funding round was led by Molten Ventures, Cipio Partners, and BlackRock, with participation from existing investors EarlyBird VC, OTB VC, and Gapminder VC.
Supporting rapid growth and operational improvements
The new funding 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, highlighting its robust business model.
“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. “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.”
Expanding global reach and customer base
Since its last funding round, FintechOS has experienced over 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. This exponential growth underscores the global demand for FintechOS’s solutions.
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 added. “We are committed to helping financial institutions modernise their core systems and deliver superior customer experiences.”
Investor confidence and strategic growth
“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 organisations. 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 modernisation and innovation aligns perfectly with our investment strategy.”
Reinforcing market leadership
This funding round solidifies FintechOS’s status as a market leader and affirms its strategy of modernising core systems through next-generation financial product management. The company continues to focus on enabling financial institutions to innovate and succeed in a rapidly changing environment.
About FintechOS
FintechOS is a comprehensive financial product management platform. With offices in New York City, NY, London, UK, and Bucharest, RO, it enables banks, insurers, and other financial institutions to enhance their often-inflexible core business systems with versatile capabilities, effectively addressing the entire product lifecycle. Founded by Teodor Blidăruș, CEO, and Sergiu Neguț ,Chief Strategy Officer, FintechOS provides productive tools for defining, distributing, subscribing, servicing, and analysing the performance of financial products. Over 50 clients worldwide – including Groupe Société Générale, Admiral Insurance Group, and Howden Group – use FintechOS to modernise core infrastructure, expand into new markets, or address new business models such as embedded finance, avoiding lengthy implementations or risky migrations of core systems.
