FintechOS Secures $28M to Scale US Operations After Profitability Turn

FintechOS has completed a $28 million financing round that combines both equity and debt, pushing its cumulative capital raised since launch in 2017 to $178.9 million.

The equity portion comes from returning investors including Bek Ventures, IFC, Cipio Partners, and Molten Ventures. Meanwhile, the debt facility was arranged through Santander CIB, marking a shift in how the now-profitable company accesses growth capital.

Management plans to deploy the proceeds toward accelerating US market penetration, strengthening relationships with existing European banking clients, and expanding headcount across key functions.

The company posted standout numbers in 2026, reaching profitability for the first time while maintaining aggressive growth rates across multiple dimensions.

• Recurring revenue climbed 40% year-over-year
• Operational EBITDA surged more than 102%
• US business expanded 130%
• Client acquisition set to exceed 20 new bank contracts for FintechOS 8

Reaching profitability was not an accident, it was the outcome of a deliberate, multi-year effort to get our cost base, our margins and our delivery practice right before we pushed harder on growth again, CFO Cyril Desouza said.

The platform specialises in low-code tools that let financial institutions launch new products and services quickly without overhauling legacy infrastructure.

Its flagship Unified Origination product is an AI-powered, cross-product system designed to speed time-to-market for both retail and commercial banking offerings. For insurers, the company provides a composable core solution that enables modular infrastructure upgrades.

Santander CIB's support, alongside other investors that trust us, is a strong vote of confidence in the path we're on, and it gives us the capital to go after the extraordinary potential we see ahead, particularly in the US, without compromising the discipline that got us to profitability in the first place, founder and CEO Teo Blidarus noted.

After several years focused on margin discipline and operational tightening, FintechOS is now using its improved financial position as a launchpad for faster expansion, especially across North America.

The decision to blend debt with equity is noteworthy — accessing debt capital signals the company's profitability milestone has opened cheaper financing routes that limit shareholder dilution compared to pure venture rounds.

For the broader market, the move adds another well-funded player to the competitive field of providers helping banks modernise origination workflows and core systems through overlay solutions rather than full-scale replacements.