Fintech OS S.R.L.

Based in Romania, Fintech OS S. R. L. operates as a technology provider focused on developing no-code/low-code solutions for the financial services industry, enabling firms to enhance their product offerings efficiently.

Fintech OS S. R. L. specializes in delivering innovative solutions for banking and insurance sectors.

Founded in 2017 in Bucharest, Romania, the company has successfully raised USD 60 mn in Series B funding as part of a total USD 130 mn round, with the most recent deal occurring on May 30, 2024. The company was co-founded by Sergiu Negut and Teo Blidarus, who has a history of entrepreneurship in technology-driven ventures. There are no mentions of changes in business strategy or subsidiary relationships. FintechOS specializes in providing an advanced no-code/low-code product engine designed for the financial services industry, specifically targeting banking and insurance sectors.

The company's core offerings focus on enabling organizations to create, onboard, distribute, and manage financial products efficiently without the need to replace existing core systems. Their platform integrates data and artificial intelligence to automate processes across the entire product lifecycle, thereby enhancing customer experiences and streamlining operational workflows. FintechOS serves a diverse clientele that includes banking institutions and insurance companies, aiming to help them modernize their offerings and accelerate time-to-market for new products. The company operates in various geographical markets across Europe, notably in regions such as the United Kingdom, Germany, and France, amongst others.

FintechOS generates revenue through a subscription-based model, where clients pay for access to their platform and its various services. In the most recent fiscal year of 2023, the company reported revenue of USD 18. 79 mn and an EBITDA of USD -17. 76 mn.

The transaction structure is primarily B2B, with banking and insurance firms entering agreements to leverage FintechOS's capabilities for product development and management. Noteworthy offerings include tools for deposits and account opening, lending solutions, and embedded finance products. Clients typically engage in partnerships that allow them to utilize prebuilt product templates, resulting in improved operational efficiencies and reduced costs. In May 2024, Fintech OS S.

R. L. raised USD 60 mn in Series B funding co-led by new investors BlackRock, Cipio Partners, and returning investor Molten Ventures. Other returning investors Earlybird Digital East Fund, OTB Ventures, and GapMinder Venture Partners also participated in the round.

The funding will be utilized to accelerate global expansion, with plans to enter new geographic markets and launch upcoming products aimed at enhancing their platform's capabilities.