FintechOS Raises GBP 10.7 Million (USD 14 Million) Series A for Global Expansion

London (ots/PRNewswire) - New funding to support further growth in Europe and
enable expansion to South East Asia and the US

FintechOS (https://fintechos.com/), the next generation of hyper-personalised,
automated financial technology, announced today it has secured GBP 10.7 million
(USD 14 million) of Series A investment. The funding was led jointly by
Earlybird (https://earlybird.com/)'s Digital East Fund and OTB Ventures
(http://www.linkedin.com/company/otb-ventures), with participation from existing
investors Gapminder Ventures (https://gapminder.vc/) and Launchub
(https://www.launchub.vc/).

FintechOS empowers traditional banks and insurance companies to adapt to rapidly
changing customer expectations and match the speed and flexibility of nimble
technology driven competitors. Using the company's technology, banks and
insurers can launch data-driven, hyper-personalised digital products and
services with unprecedented speed - weeks rather than months or years. FintechOS
offers both multi-cloud SaaS deployments, helping client's transition to the
cloud, and on-premises deployments, working seamlessly alongside the existing
technology infrastructure.

FintechOS offers more than 150 integrated sources of data out-of-the-box - from
social and contextual to cloud and enterprise systems - and more than 20
automated financial processes for AI-enabled areas like KYC, Customer 360,
pricing or risk analytics. Banks and insurance companies can also access a
marketplace with more than 50 open source, ready-made apps for client
onboarding, lending, savings, insurance, pensions and wealth management.
Existing partnerships with Microsoft, EY, Deloitte, Publicis Sapient and
CapGemini allow fast deployment in multiple markets.

Started in 2017 by serial entrepreneurs Teodor Blidarus and Sergiu Negut, the
company now has customers in more than 20 countries across three continents and
grew its Annual Recurring Revenue by 450% during 2019. The additional capital
raised will be used to continue the rapid growth across Europe and to expand to
South East Asia and the US markets. FintechOS will also invest heavily in the
continued development of more pre-built apps, services and solutions to break
down the barriers to multi-channel customer service.

Teodor Blidarus, CEO and Co-Founder of FintechOS, commented: "Our disruptive
approach is customer, not technology driven. We created FintechOS to transform
the financial industry, empowering banks and insurance companies to act and
react faster and to create a smarter, slicker customer experience. As a result,
hyper-personalised services and elevated customer experiences are now available
almost plug and play."

Dan Lupu, Partner at Earlybird, said: "FintechOS is a pioneer in a booming
market, with a vision to transform the way financial institutions react to
market and regulatory changes. We are proud to become part of a journey that
will shape the future of financial services."

Adam Niewinski, General Partner at OTB Ventures, said: "We are driven to invest
in technology companies uniquely positioned to grow exponentially. FintechOS's
technology is transformational in its ability to provide true end-to-end digital
automation for all services and products that banks and insurance companies
offer. This new technology is inexpensive and versatile, ultimately enabling
massive cost savings and growth stimulators for financial institutions."

About FintechOS

FintechOS believes in changing the way people engage with financial technology.
The company's centrepiece technology, FintechOS 20, puts automation and
personalisation at the heart of innovation, allowing financial services
providers to transform the digital customer experience quickly and affordably.

The FintechOS portfolio of global clients includes ERSTE, Vienna Insurance
Group, Orange Money, Hyperion Group, TBI Bank, Transylvania Bank and Idea Bank.
With offices in London, Amsterdam, Vienna, Copenhagen and Bucharest, the company
is planning to expand operations to the United States and Asia in 2020. For more
information, please visit: www.fintechos.com

About Earlybird

Earlybird is a venture capital investor focused on European technology
companies. Founded in 1997, Earlybird invests in all growth and development
phases of a company. Among the most experienced venture investors in Europe,
Earlybird offers its portfolio companies not only financial resources, but also
strategic and operational support as well as access to an international network
and capital markets. Earlybird manages different funds focussing on digital
technologies in Eastern and Western Europe as well as Health Care. With over EUR
1 billion under management, seven IPOs and 24 trade sales, Earlybird is one of
the most successful venture capital firms in Europe.

About OTB Ventures

OTB Ventures invests in the best technology companies at early growth stage,
with global ambitions and links to Central & Eastern European talent. OTB
current fund of $100M is aimed at providing Series A financing to empower and
support talented entrepreneurs to scale their businesses globally, while keeping
a strong focus on technology advancement. OTB uses its extensive network of
contacts in geographies with the highest tech spending (USA, WE & APAC), to help
its portfolio companies excel in those markets. OTB's investments include Iceye,
Cosmose, Minit, SpaceKnow, BabbleLabs, Segron and SilentEight.

About GapMinder Venture Partners BV

GapMinder is a venture capital fund investing in high technology companies born
in Romania and Central Europe and expanding at international level, at Seed or
Series A stages. GapMinder's partners have a hands-on approach as investors,
enhancing companies' growth via strategic advisory and direct involvement in
operational streamlining, corporate governance and financial discipline.
GapMinder's portfolio includes companies such as FintechOS, TypingDNA,
SmartDreamers, Deepstash, Frisbo.

Contact:
Ioana Serban
Growth Marketing Director
marketing@fintechos.com

Additional content: https://www.presseportal.de/pm/139412/4463636
OTS: FintechOS

Original-Content von: FintechOS, übermittelt durch news aktuell