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Image Credits:Teo Blidarus, CEO and Co-founder, FintechOS
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Image Credits:Teo Blidarus, CEO and Co-founder, FintechOS
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Over the years , fintech startup , peculiarly neobanks , have thrown a cat among the pigeons in banking and finance by building whole raw banking software stacks . But a startup out of Romania make up one’s mind to build shaft that avail older banking and insurance companies provide the newer feature and products offered by the new kip .
FintechOS , which offers a low-toned - computer code weapons platform , has now bring up a $ 60 million “ Series B+ ” investment round led by BlackRock , Cipio Partners and Molten Ventures . The company raised$14 millionin 2019 and$60 millionin 2021 .
This is yet another sign , following the breakout hit of UIPath , that companies from Romania can make it to the external stage without U.S. VCs .
Co - founder and CEO Teo Blidarus tell me the company be after to apply the funding to scale up internationally . “ We can exploit side by side with the existing core infrastructure of a company , ” he said . “ So that allow you to get 95 % of the transformation without the subject heart surgery that the new core substitution will want . Then the adviser and the business organization mass can create those newfangled types of fiscal products and services by themselves . ”
FintechOS competes with other companies such as nCino , MeridianLink , Abrigo and Backbase , but he said his company is different “ because we work across multiple ware logical argument . We work across the full spectrum of products , from deposition to lending to mortgages , to insurance wealthiness . So our ability to metamorphose is broader . ”
cardinal client for FintechOS include Société Générale , Admiral , Benenden Health , Avant Money and Vibrant Credit Union across the U.S. , U.K. , Continental Europe and APAC .
“ FintechOS is at the vanguard of transubstantiate financial service through innovative engineering , ” Molten Ventures married person Vinoth Jayakumar said in a program line . “ Its raceway record with major banks and insurers demonstrates a rare ability to drive significant change within these organisation . ”
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Existing investors EarlyBird VC , Gapminder VC and OTB VC also participated in this one shot .
