Romania's FintechOS raises $60 mln in Series B+ funding

The company plans to use the new funding to accelerate global expansion and to make core modernisation more accessible for the financial services industry, it said in a press release on Thursday.

The round was co-led by Molten Ventures, Cipio Partners, and BlackRock. Existing investors EarlyBird VC, OTB VC, and Gapminder VC also participated in the funding round.

"The new funding round comes as FintechOS celebrates significant business achievements, including a 40% year-over-year growth and a 170% increase in operating margins. The company is on track to achieve break-even in 2024, underscoring its robust business model," the company stated.

Since its last funding round, FintechOS grew by more than 300% and has gained important clients, including Societe Generale, Admiral, Benenden Health, Avant Money and Vibrant Credit Union.

In 2021, the company said it raised $60 million as part of a Series B funding round led by venture capital firm Draper Esprit.

FintechOS is an end-to-end financial product management platform established in 2017 by entrepreneurs Teodor Blidarus and Sergiu Negut.

($=0.9249 euro)