FintechOS raises USD60 million in Draper Esprit-led Series B funding round to fuel global expansion - Seite 2

Teodor Blidarus, co-Founder and CEO at FintechOS commented: "When we launched FintechOS in 2017, we could already see existing solutions to digital transformation would struggle to deliver tangible results. By contrast, our unique approach has quickly inspired a sea-change in how financial institutions address digitization and engage with their customers. Events over the last year have only increased pressure on our industry to evolve and as a result we're seeing growing demand for our powerful platforms. Our latest round of funding will help us grow at the pace needed to improve outcomes for financial institutions and their customers globally."

Sergiu Negut, co-Founder, CFO & COO at FintechOS added: "Not only is our technology helping financial institutions become customer centric, but it's also helping them provide products and services to more people and businesses. With so many markets still underserved, the ability to tailor offerings to a segment of one offers the opportunity to increase financial inclusion and adheres to our ideal that easy access to financial services is essential. We're delighted to be working with investors who share our views on how fintech should be transforming the financial services industry."

Vinoth Jayakumar, Partner at Draper Esprit commented: "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. 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. Draper Esprit builds enduring partnerships; with the team at FintechOS we hope to build an enduring fintech company that will dramatically change financial services experiences for people all over the world."

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Press kit with associated imagery can be found here: https://drive.google.com/drive/u/0/folders/1cBnnb4D7sBxtZqKADyeFHpNiXhGHW_6F

About FintechOS

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.