FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, recently announced it has secured €12.7 million through its Series A funding round, which was jointly led by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. The latest round of funding comes just a little over six months after FintechOS raised €1.1 million in a post-seed round.
As previously reported, FintechOS is considered the first and only Romanian company enrolled in the global Startup Accelerator Program of Microsoft UK. FintechOS customers supposedly manage €5 billion.
“Our highly automated technology opens the door for financial services to be consumerised like a retail service or FMCG. Creating unique, individually tailored experiences that can be easily deployed across everyday devices like mobile phones, watches and tablets.”
FintechOS also reported that it offers more than 150 integrated sources of data out-of-the-box and more than 20 automated financial processes for AI-enabled areas like KYC, Customer 360, pricing or risk analytics. Speaking about the company’s growth, Teodor Blidarus, CEO and Co-Founder of FintechOS, stated:
“Our disruptive approach is customer, not technology driven. We created FintechOS to transform the financial industry, empowering banks and insurance companies to act and react faster and to create a smarter, slicker customer experience. As a result, hyper-personalised services and elevated customer experiences are now available almost plug and play.”
Commenting on the funding round, Dan Lupu, Partner at Earlybird, shared:
“FintechOS is a pioneer in a booming market, with a vision to transform the way financial institutions react to market and regulatory changes. We are proud to become part of a journey that will shape the future of financial services.”
Adam Niewinski, General Partner at OTB Ventures, went on to add:
“We are driven to invest in technology companies uniquely positioned to grow exponentially. FintechOS’s technology is transformational in its ability to provide true end-to-end digital automation for all services and products that banks and insurance companies offer. This new technology is inexpensive and versatile, ultimately enabling massive cost savings and growth stimulators for financial institutions.”