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Funding
FintechOS raises USD 60 million in Series B+ funding to accelerate global expansion and product development
FinTech Infrastructure
May 30, 2024
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FinTech Infrastructure

FinTech Infrastructure

May 30, 2024

FintechOS raises USD 60 million in Series B+ funding to accelerate global expansion and product development

Funding

  • London-based FintechOS, a banking and lending infrastructure provider, has raised USD 60 million in Series B+ funding led by Molten Ventures, Cipio Partners, and BlackRock, with participation from EarlyBird VC, OTB VC, and Gapminder VC. The company's total funding now stands at over USD 151.1 million.

  • The funds raised will support its global expansion plans and product development through core modernization.

  • FintechOS reported a 40% YoY growth and a 170% increase in operating margin and states that it is on track to break even in 2024. The company also reported more than 300% customer growth since its last funding in April 2021 and has onboarded notable customers such as Societe Generale, Admiral, Benenden Health, Avant Money, and Vibrant Credit Union in the banking and insurance sectors across the US, UK, Continental Europe, and APAC region.

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