Published On: Sun, Dec 15th, 2019

FintechOS raises $14M to assistance banks launch products as quick as fintech startups

Over a final few years, we’ve seen a arise of fintech startups like N26 and Monzo to plea a incumbents with new products like challenger banks. But what if a large banks wanted to contest in that diversion themselves? This is a aim of FintechOS, a Romanian startup that indeed aims to assistance incumbents contest in this dauntless new, competitive, world.

FintechOS allows banks and word companies to act and conflict faster than a new upstarts on a stage with plug and play products.

It’s announcing currently that it has secured $14 million (£10.7 million) in a Series A investment led by a Digital East Fund of Earlybird Venture Capital and OTB Ventures, with appearance from existent investors Gapminder Ventures and Launchub.

The additional collateral will be used to continue a enlargement and enlargement opposite Europe, and to enhance into South East Asia and a U.S.

FintechOS’s record height lets normal banks and word companies adjust to fast changing patron expectations, and compare a speed and coherence of fintech startups with personalized products and services, in weeks rather than months or years.

The banks and word companies can afterwards launch multi-cloud SaaS deployments, transitioning to a cloud and on-premises deployments, operative alongside a existent record infrastructure. It now has existent partnerships with Microsoft, EY, Deloitte, Publicis Sapient and CapGemini to concede deployment in mixed markets.

Started in 2017 by sequence entrepreneurs Teodor Blidarus and Sergiu Negut, a association now has business in some-more than 20 countries opposite 3 continents.

Teo Blidarus, CEO and co-founder of FintechOS, commented: “Our disruptive proceed is customer, not technology-driven. We combined FintechOS to renovate a financial industry, lenient banks and word companies to act and conflict faster than fintech startups, to emanate a smarter, slicker patron experience.”

Dan Lupu, partner during Earlybird, said: “FintechOS is a colonize in a sepulchral market, with a prophesy to renovate a approach financial institutions conflict to marketplace and regulatory changes. We are unapproachable to turn partial of a tour that will figure a destiny of financial services.”

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