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FintechOS nabs $61.5M for a low-code approach to modernizing legacy banking and insurance services – TechCrunch

FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services
“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services more personalized, easier to access, and usually competitively priced than those typically provided their bigger, incumbent rivals. Now, a startup out of Romania that is building tools to help the incumbents respond with better services of their own is announcing a significant round of funding as its business grows.
FintechOS, which has built a low-code platform aimed at larger (older) banking and insurance companies to help them build new services and analytics on top of and around their existing infrastructure, has raised €51 million ($61.5 million at today’s rates, but $60 million at the time of the deal closing) in a Series B round of funding. ....

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FintechOS raises 51 million Euro in funding round to fuel global expansion

FintechOS, global technology provider for banks, insurers, and other financial services companies, today announced it has raised 51 million Euro in Series B funding. The round was led by Draper Esprit, a leading venture capital firm whose investments include Form3, ICEYE, Revolut, Thought Machine, UiPath. Existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures also participated in the round.
The funds will be primarily used to cement the company’s position in Europe and the UK and fuel international expansion 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. ....

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London based FintechOS, which Empowers Banks and Insurers to become "Future-Ready," Secures $60M via Series B Round led by Draper Esprit

London based FintechOS, which empowers banks and insurers to become "future-ready," secures $60M via Series B round. ....

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19 European fintech startups that will blow up in 2021

In the AlbionVC portfolio? Yes.
Total raised: $40 million
What it does: Elliptic supports crypto operators and increasingly traditional financial institutions in meeting regulatory compliance obligations.
Why it s hot in 2021: As cryptocurrencies hit all-time highs and continue to enter the mainstream, 2021 will be a transformational year for Elliptic, Lascelles said. Regulation, a key enabler for institutional and widespread participation in the crypto ecosystem will further mature in 2021 with Elliptic playing a pivotal role.
The company has built a world-class leadership team and is only just beginning its growth acceleration journey. As a force for good in the crypto ecosystem, Elliptic will continue to delight customers, existing and new in 2021 and beyond. ....

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