FintechOS raises $60m to swell banking software testing

Teo Blidarus, co-founder and CEO of FintechOS
Teodor Blidarus, co-founder and CEO of FintechOS

London-based banktech solution provider FintechOS has raised $60m in fresh funding to expand its financial product management platform that develops and tests software systems for banks and other financial services firms.

FintechOS’ ‘enablement platform’ connects to core systems and ecosystem services, enabling “banks to create, iterate, refine and test, digital banking and insurance products,” as the firm puts it.

The funding round, which was led by Molten Ventures, Cipio Partners and investment giant BlackRock, saw fresh allocations from mostly existing investors, including EarlyBird VC, OTB VC, and Gapminder VC.

Roland Dennert

Roland Dennert, managing partner at Cipio Partners, explained his decision to allocate fresh capital to the solution provider.

“FintechOS’s growth trajectory is a clear indicator of their potential,” Dennert pointed out.

“Their commitment to modernization and innovation aligns perfectly with our investment strategy.”

Rapid uptake

The brainchild behind the company confirmed that rapid growth. In fact, since the firm’s last funding round, FintechOS has experienced more than 300% growth, according to Teodor Blidarus, co-founder and CEO of FintechOS.

This exponential growth highlights the global demand for FintechOS’s solutions, he added.

“Securing this investment is a testament to the confidence our investors have in our vision and execution,” said Blidarus.

He added that “our rapid growth and operational improvements reflect the demand for our next-generation financial product management solutions. We are revolutionizing the financial services industry by providing technology that enables core modernization and drives innovation.”

FintechOS’s rapidly growing finserv client base, which is primarily based in the UK, US, continental Europe and a number of Asian markets, includes the French bank Société Générale, British insurance firm Admiral, Avant Money as well as Vibrant Credit Union.


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