FintechOS, a London-headquartered software vendor with Romanian roots that supplies AI-powered solutions to financial institutions and insurance companies, has closed a $28M funding round combining equity and debt instruments.
The equity portion came from returning backers Bek Ventures, IFC, Cipio Partners, and Molten Ventures, while Santander CIB extended a senior debt facility. The company intends to deploy the capital toward geographic expansion into the United States, building its customer base across Europe, and scaling the engineering and delivery workforce behind its platform.
The timing of this raise follows FintechOS's announcement that it achieved profitability during the opening six months of 2026. Over the same period, the company reported a 40% year-on-year surge in recurring revenue and a 130% expansion of its US operations. Operational EBITDA more than doubled in that timeframe, though FintechOS disclosed growth percentages without releasing absolute revenue numbers.
The path to profitability took longer than initially projected. When FintechOS secured a $60M Series B extension in 2024, leadership signaled the company would reach breakeven that same year—a target it ultimately missed.
FintechOS's platform integrates with the core banking and insurance systems already in place at client institutions, allowing them to design, price, launch, and manage products without requiring infrastructure replacement.
Growth and profitability go hand in hand, not at the expense of one another
Teo Blidarus, Founder and CEO of FintechOS
The latest iteration, FintechOS 8, entered customer preview in April. The vendor expects to onboard more than 20 new financial institutions during the current year—a milestone it describes as record-breaking.
Stateside, FintechOS has forged a partnership with Finxact, the core banking platform owned by Fiserv, complementing its existing integration with Finastra Phoenix. These alliances open doors to banks and credit unions across the US market.
The company is also refining how it executes customer implementations, moving toward a model where lean teams—typically pairing a single consultant with one engineer—embed directly within client organizations to work alongside their product squads.
Reaching profitability was not an accident; it was the outcome of a deliberate, multi-year effort to get our cost base, our margins and our delivery practice right before we pushed harder on growth again
Cyril Desouza, CFO of FintechOS
Raising capital through a banking partner typically dilutes existing shareholders less than traditional equity rounds—a financing structure that becomes accessible once a company demonstrates sustainable profitability.
FintechOS was established in 2017 by Teo Blidarus and Sergiu Negut. The company raised $14M in Series A funding in 2019, followed by two $60M rounds in 2021 and 2024. It maintains offices in London, Bucharest, and New York.
Source: The Next Web
