FintechOS, the end-to-end financial product management platform, has completed a $60m Series B+ investment round. This round was led by Molten Ventures, Cipio Partners, and BlackRock, alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.
The new funding round comes as FintechOS celebrates significant business achievements. This includes a 40% year-over-year growth and a 170% increase in operating margins. The company says it is on track to achieve break-even in 2024, underscoring its robust business model.
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“Securing this investment is a testament to the confidence our investors have in our vision and execution,” said Teo Blidarus, Co-Founder and CEO of FintechOS. “Our rapid growth and operational improvements reflect the demand for our next-generation financial product management solutions. We are revolutionising the financial services industry by providing technology that enables core modernisation and drives innovation.”
Since its last funding round, FintechOS has experienced more than 300% growth. It has onboarded key customers including Société Générale, Admiral, Benenden Health, Avant Money and Vibrant Credit Union.
“FintechOS is at the forefront of transforming financial services through innovative technology,” added Vinoth Jayakumar, Partner at Molten Ventures. “Its track record with major banks and insurers demonstrates a rare ability to drive significant change within these organisations. We are excited to support its continued growth and success.”
“FintechOS’s growth trajectory is a clear indicator of their potential,” added Roland Dennert, Managing Partner at Cipio Partners. “We are delighted to be part of this journey and look forward to seeing the transformative impact they will make in the financial services sector. Their commitment to modernisation and innovation aligns perfectly with our investment strategy.”
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