FintechOS Secures $60 Million Series B Extension:
- Funding Details:
- Extended Series B round led by BlackRock, Cipio Partners, and Molten Ventures.
- Additional participation from existing investors: EarlyBird VC, Gapminder VC, and OTB VC.
- This extension supplements the initial $60 million raised in 2021.
- Company Overview:
- Founded in 2017, headquartered in London.
- Provides an end-to-end financial product management platform.
- Platform designed to help financial services firms with core modernisation.
- Utilizes low-code technology for easy and rapid financial product launches.
- Platform Features:
- Integrates with existing and legacy systems.
- Enhances entire product lifecycle: distribution, defining, servicing, subscribing, and performance analysis.
- Clients and Growth:
- Serves over 50 clients globally, including Admiral, Avant Money, Société Générale, Benenden Health, and Vibrant Credit Union.
- Reported 40% year-over-year growth.
- Achieved 170% increase in operating margins.
- On track to reach break-even in 2024.
- Future Plans:
- New funding will support international expansion efforts.
- Comments from Leadership:
- CEO Teo Blidarus views the investment as a testament to investor confidence in the company’s vision and execution.
