- 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
