FintechOS Raises USD60M in Series B Funding
FintechOS, a London, UK-based global technology provider for banks, insurers and other financial services companies, raised USD60m (€51m) in Series B funding.
The round was led by Draper Esprit, with participation from existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures, among others.
The company intends to use the funds to expand operations and business reach to target financial institutions in Asia-Pacific, Middle East and Africa, and North America. This includes new offices in the USA, Dubai, and Singapore, along with the addition of 120 new staff members resulting in a 40% increase in overall headcount. FintechOS also plans to use the funds to expand its core systems capabilities in banking and insurance, strengthening the low-code self-service proposition and personalization through AI and machine learning in customer journeys and product and services offerings.
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