We got an exclusive look at the pitch deck UK startup FintechOS used to raise $60 million from Draper Esprit

  • London startup FintechOS has raised $60 million in fresh funding from Draper Esprit.
  • The company provides end-to-end data solutions for financial services businesses.
  • New offices in Dubai, Singapore, and the US will be opened with the new funds.
  • See more stories on Insider’s business page.

London-based fintech startup FintechOS has raised $60 million in fresh funding from Draper Esprit.

The startup, founded in 2017, provides low-code data transformation services for banks, insurers, and financial services companies and has clients including institutions like Raifessen Bank and Société Générale.

“We’ve taken a long term view on our approach to growth and are now in a much stronger position post Series B than we were post Series A,” FintechOS cofounder and CEO Teodor Bildarus told Insider in an interview. “Our bread and butter was digital engagement solutions in banking in insurance but we opted to go for a bigger vision which is to go for the bigger fish which is the entire financial services vertical.”

FintechOS allows big institutions to introduce new products much quicker than before in order to enable them to compete better with the likes of challenger banks and insurance startups. The company combines data from a variety of sources including APIs to create more detailed and personalized processes for clients.

Funding conversations began last year with a variety of investors with the company’s intention to have a term sheet signed pre-Christmas. The round closed recently after 10 weeks or so of paperwork, Bildarus said.

Funding will go towards expanding the company’s geographic footprint with new offices in the US, Dubai, and Singapore and plans to hire 120 new members of staff. Other areas of focus include greater funding for the startup’s R&D and innovation. 

“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,” Vinoth Jayakumar, Partner at Draper Esprit commented. “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.”

Check out FintechOS’ pitch deck below:

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