FintechOS Secures $60 Million in Series B+ Funding Extension

FintechOS, a European startup known for its low-code platform that enables financial institutions to swiftly and seamlessly transition to digital, has raised $60 million in a Series B+ funding round extension.

This funding round, led by Molten Ventures, follows a period of significant growth for FintechOS, which has reported a 40% year-over-year increase in revenue and a 170% rise in operating margins. Additionally, the company’s insurance division has seen over 300% growth, attracting major clients such as Admiral and Howden.

Teo Blidarus, co-founder and CEO of FintechOS, stated: “Our rapid growth and operational improvements highlight the strong demand for our advanced financial product management solutions. We are transforming the financial services industry by providing technology that facilitates core modernization and fosters innovation.”

FintechOS previously secured $60 million in a Series B round led by Draper Esprit in April 2021.

Joining Molten Ventures in this round are new investors Cipio Partners and BlackRock, as well as existing investors EarlyBird VC, OTB VC, and Gapminder VC.

Vinoth Jayakumar, partner at Molten Ventures, commented: “FintechOS is leading the way in transforming financial services through cutting-edge technology. Its impressive track record with major banks and insurers underscores its unique capability to drive substantial change within these organizations. We are thrilled to support its continued growth and success.”