European fintech innovator FintechOS has announced a $60 million extension to its Series B+ funding round, led by Molten Ventures. This fresh infusion of capital underscores FintechOS’s remarkable 40% year-over-year growth and a striking 170% surge in operating margins. Additionally, the company’s insurance division has seen an impressive 300% growth, onboarding prominent clients like Admiral and Howden.
Teo Blidarus, co-founder and CEO of FintechOS, expressed enthusiasm about the company’s trajectory: “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.”
This latest round, which builds on the $60 million Series B funding led by Draper Esprit in April 2021, sees participation from new investors Cipio Partners and BlackRock, alongside existing backers EarlyBird VC, OTB VC, and Gapminder VC.
Vinoth Jayakumar, partner at Molten Ventures, commented on the strategic investment: “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.”
