FintechOS Raises $60 Million in Series B+ Funding Round

FintechOS, a Romanian startup, has successfully raised sixty million dollars to assist traditional banks in their fight against neobanks. Throughout the years, fintech firms, particularly neobanks, have broken new ground in the banking and finance industry by developing entirely new banking software stacks. This has caused a stir among the established players. On the other hand, a Romanian startup company made the decision to develop tools that will assist more established banking and insurance organizations in providing the more recent features and products that are being supplied by newer startups.

FintechOS's low-code platform has successfully completed a 'Series B+' funding round, which had a total value of sixty million dollars and was headed by BlackRock, Cipio Partners, and Molten Ventures. In 2015, FintechOS was able to raise $14 million, and in 2021, they made $60 million.

After the phenomenal success of UIPath, this is yet another indication that Romanian businesses can achieve success on the global arena without the assistance of venture capitalists from the United States.

Teo Blidarus, the business's co-founder and CEO, informed me that the company intends to use the cash to expand its operations to other countries. The statement that he made was that 'we are able to work side by side with the existing core infrastructure of a company.' Therefore, this makes it possible for you to achieve 95% of the transition without having to undergo the open-heart surgery that the new core replacement will call for. After that, the consultants and businesspeople will be able to develop those new kinds of financial products and services on their own.