Tuesday, June 25, 2024
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Molten Ventures Leads $60 Million Series B+ in FintechOS

Molten Ventures, a leading venture capital firm investing in high-growth technology businesses, is pleased to announce that it has led a total Series B round size of $60 million Series B+ in FintechOS, a leading end-to-end financial product management platform.

The funding round extension comes as FintechOS celebrates significant business achievements, including 40% year-over-year growth and a reported 170% increase in operating margins.

Having first invested in the company in 2021, Molten is joined in this round by new investors Cipio Partners, and BlackRock, and fellow existing investors EarlyBird VC, OTB VC, and Gapminder VC.

“Securing this investment is a testament to the confidence our investors have in our vision and execution,” said Teo Blidarus, Co-Founder and CEO of FintechOS. “Our rapid growth and operational improvements reflect the demand for our next-generation financial product management solutions. We are revolutionizing the financial services industry by providing technology that enables core modernization and drives innovation.”

FintechOS has experienced more than 300% growth in its insurance division, onboarding key customers such as Admiral and Howden.

Vinoth Jayakumar, Partner at Molten Ventures said: “FintechOS is at the forefront of transforming financial services through innovative technology. Its track record with major banks and insurers demonstrates a rare ability to drive significant change within these organisations. We are excited to support its continued growth and success.”

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