FintechOS, a leading European startup known for its low-code approach to digital transformation for financial institutions, has raised $60 million in a Series B+ funding round extension. The round was led by Molten Ventures, highlighting the company’s rapid growth and significant market impact.
This new funding comes on the heels of impressive metrics reported by FintechOS, including a 40% year-over-year growth and a 170% increase in operating margins. The company’s insurance division has seen over 300% growth, attracting major clients such as Admiral and Howden.
Teo Blidarus, co-founder and CEO of FintechOS, commented on the milestone: “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.”
The previous $60 million Series B round, led by Draper Esprit, was raised in April 2021. Joining Molten Ventures in this latest round are new investors Cipio Partners and BlackRock, along with existing investors EarlyBird VC, OTB VC, and Gapminder VC.
Vinoth Jayakumar, partner at Molten Ventures, expressed his enthusiasm for FintechOS’s potential: “FintechOS is at the forefront of transforming financial services through innovative technology. Its track record with major banks and insurers demonstrates a rare ability to drive significant change within these organizations. We are excited to support its continued growth and success.”