FintechOS Raises $28M in Equity and Debt After Turning Profitable
September 22, 2026 - 10:40 am
Teo Blidăruș, co-founder and chief executive of FintechOS. Credit: FintechOS
FintechOS, a London-based company founded in Romania that sells AI software to banks and insurers, has raised $28M in a mix of equity and debt.
Existing investors Bek Ventures, IFC, Cipio Partners, and Molten Ventures put in the equity, while Santander CIB provided a senior debt facility. The funds will be used for:
- Expanding in the US
- Securing more European clients
- Increasing the size of the team responsible for delivering the platform
This fundraising follows FintechOS becoming profitable in the first half of 2026, with recurring revenue increasing by 40% year-on-year and US business growing by 130%. Operational EBITDA more than doubled during this period.
"Growth and profitability go hand in hand, not at the expense of one another," said Teo Blidarus, Founder and CEO of FintechOS.
FintechOS 8 entered customer preview in April, and the company aims to sign more than 20 new financial institutions this year. They have partnered with Finxact and Finastra Phoenix in the US, and are changing their project delivery method by sending small teams to work directly within clients' product teams.
"Reaching profitability was not an accident; it was the outcome of a deliberate, multi-year effort," said Cyril Desouza, CFO of FintechOS.
Founded in 2017 by Teo Blidarus and Sergiu Negut, FintechOS raised $14M in Series A funding in 2019, followed by two rounds of $60M in 2021 and 2024. They have offices in London, Bucharest, and New York.