FintechOS: Raises USD60M in Series B Funding

FintechOS, a London, UK-based global technology provider for banks, insurers and other financial services companies, raised USD60m (€51m) in Series B funding
The round was led by Draper Esprit, with participation from existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures, among others
The company intends to use the funds to expand operations and business reach to target financial institutions in Asia-Pacific, Middle East and Africa, and North America
This includes new offices in the USA, Dubai, and Singapore, along with the addition of 120 new staff members resulting in a 40% increase in overall headcount
FintechOS also plans to use the funds to expand its core systems capabilities in banking and insurance, strengthening the low-code self-service proposition
FintechOS provides financial service firms with a low-code, self-service platform to augment legacy systems and to build, test and scale new digital products and services quickly