$28m · Other round · Fintech · London, UK
FintechOS, a London-based platform for product operations at banks and insurers, has raised $28m in combined equity and debt financing. Existing shareholders Bek Ventures, IFC, Cipio Partners and Molten Ventures supplied the equity, while Santander CIB provided a senior debt facility. The split was not disclosed. FintechOS will use the financing to build its US expansion base, deepen its European client portfolio and scale delivery of its AI-native platform.
The company says it reached profitability in the first half of 2026 while recurring revenue grew 40% year on year, including 130% growth in the US.
Modernising products without replacing the core
Banks often face a choice between maintaining rigid legacy systems and undertaking multi-year core replacements. FintechOS inserts a product-operations layer above those systems, covering design, pricing, origination and servicing. The commercial promise is faster product change without asking a financial institution to migrate every underlying record and process at once.
That approach reduces replacement risk but shifts the burden to integration and governance. FintechOS must connect reliably to existing cores while giving business teams more control over product configuration. The combined financing supports expansion and delivery capacity; durable growth will depend on whether those deployments remain repeatable across institutions rather than becoming long custom programmes.
Sources checked: FintechOS company announcement; Undiluted; Tech.eu Funding Explorer.
