FintechOS' revenues leap 70% in 2022

Financial infrastructure provider FintechOS saw revenue growth of 70 per cent in 2022 compared with the previous year. 

The company, founded in 2017 by Romanian entrepreneurs Teodor Blidarus and Sergiu Negut, helps insurers, banks and fintech startups and scale-ups launch financial products quickly.

Rising demand from incumbents is helping boost its revenue, with cash from its insurance customers jumping 300 per cent over the year.

FintechOS,  which is co-headquartered in London and New York, has customers such as Groupe Société Générale, Admiral Group, and BPCE Oney. It also launched in North America with five bank customers in 2022.

“Established financial services and insurance companies are facing a perfect storm of challenges including nimble fintech and insurtech startups, legacy core platforms that aren’t sufficiently agile to support modern imperatives such as digital transformation, personalization, and rapid application development, and pressure to modernize core platforms safely and securely,” said Teodor Blidarus, CEO and co-founder, FintechOS. 

“The momentum that we and our customers are experiencing indicates that we’re addressing these challenges and advancing fintech enablement with solutions empowering digital transformation and low code/no code development while allowing customers to continue using legacy core platforms or modernize them at their own pace. This combination of capabilities is the essence of fintech enablement.”