FintechOS Series-B

This is the FintechOS pitch deck to raise a $60m series-b round in 2021.

About

FintechOS is driving a paradigm shift in the way financial products and services are created by making banks and insurers truly customer-centric. We consolidate critical data from multiple sources like existing databases and ecosystem APIs and these rich data insights are automatically plugged into every step of the customer journey to create truly personalized offerings. Our tech integrates seamlessly with existing IT systems and our low code tools quickly empower organizations to design personalized customer experiences.

These capabilities free our customers to tailor products, services, and interactions to a segment of one, increase ROI and decrease time-to-market.

London-based fintech startup FintechOS has raised $60 million in fresh funding from Draper Esprit.

The startup, founded in 2017, provides low-code data transformation services for banks, insurers, and financial services companies and has clients including institutions like Raifessen Bank and Société Générale.

“We’ve taken a long term view on our approach to growth and are now in a much stronger position post Series B than we were post Series A,” FintechOS cofounder and CEO Teodor Bildarus told Insider in an interview. “Our bread and butter was digital engagement solutions in banking in insurance but we opted to go for a bigger vision which is to go for the bigger fish which is the entire financial services vertical.”

FintechOS allows big institutions to introduce new products much quicker than before in order to enable them to compete better with the likes of challenger banks and insurance startups. The company combines data from a variety of sources including APIs to create more detailed and personalized processes for clients.

Funding conversations began last year with a variety of investors with the company’s intention to have a term sheet signed pre-Christmas. The round closed recently after 10 weeks or so of paperwork, Bildarus said.

Funding will go towards expanding the company’s geographic footprint with new offices in the US, Dubai, and Singapore and plans to hire 120 new members of staff. Other areas of focus include greater funding for the startup’s R&D and innovation.

“When we met Teo and Sergiu, we were immediately convinced of their vision: a data led, end-to-end platform, facilitated with a low-code/no-code infrastructure,” Vinoth Jayakumar, Partner at Draper Esprit commented. “Incumbent financial services firms have cost-to-income ratios up to 90%, so we see a huge and increasing need for infrastructure software that allows digitisation at speed, ease and lower cost.”

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