FintechOS, With An Annual Growth of 450% In 2019, Ranks Among The Most Well-Funded Tech Startups In Europe – CB Insights Report
London, February 10, 2020 – FintechOS, the fastest growing fintech startup in Central and Eastern Europe (CEE), ranks among the most well-funded VC-backed tech companies in Europe, according to a report released on February 5 by CB Insights. CB Insights’ intelligence platform provides insight and data on emerging industries, venture capital, startups and innovation.
On December 10, FintechOS raised USD 14 million Series A for Global Expansion. The funding was led jointly by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. Backed by the additional capital, FintechOS is continuing its rapid growth across Europe and aims at expanding to South East Asia and the US markets.
Started in 2017 by serial entrepreneurs Teodor Blidarus and Sergiu Negut, the London-based company now has customers in more than 20 countries across three continents, and grew its Annual Recurring Revenue by 450% during 2019.
Teodor Blidarus, CEO and Co-Founder of FintechOS, commented: “We created FintechOS to transform the financial industry. Our technology empowers banks and insurance companies to act and react faster, and to create a smarter, slicker customer experience. Backed by the new funding, FintechOS is investing heavily in the development of more pre-built apps, services and solutions to break down the barriers to multi-channel customer service.”
According to CB Insights, Europe is home to prominent startup and innovation hubs in cities like Berlin, Stockholm, and London. But “the tech boom is diffusing across the continent”. “Since 2015, nearly $90B has been invested across more than 17,800 equity deals to tech startups on the European continent.”
CB Insights’ analysis ranks tech companies based on total disclosed equity funding, and only considers the companies that have raised more than $1M since 2015. The report includes unicorns like Klarna – an online payments service provider (Sweden), N26 – a mobile banking platform (Germany), BlaBlaCar – an on-demand ride hailing platform (France), Vinted – an ecommerce platform (Lithuania).
FintechOS believes in changing the way people engage with financial technology. The company’s centrepiece technology 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
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