The company has built a low-code platform aimed at larger banking and insurance companies, allowing to help them build new services and analytics around their existing infrastructure. FintechOS aims to help these companies retain their customers and avoid losing them to newer insurtechs or challenger banks.

FintechOS has experienced more than 300% growth since its last funding round in 2021, and has onboarded pivotal customers such as Société Générale, Admiral, Benenden Health, Avant Money and Vibrant Credit Union. The company says this strong growth highlights the global demand for their solutions.

Teo Blidarus, Co-Founder and CEO of FintechOS commented on the raise, saying: “Securing this investment is a testament to the confidence our investors have in our vision and execution.”

Blidarus added: “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.” 

Vinoth Jayakumar, Partner at Molten Venture also commented: “FintechOS is at the forefront of transforming financial services through innovative technology,” he said. “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’ 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.”