FintechOS named the hottest FinTech Startup in Europe
- Banking , FinTech StartUps , IT Innovations
- 01.07.2020 08:24 am
FintechOS, the global provider of technology for the digital transformation of banks, insurance companies and other financial services organisations, is this year’s hottest FinTech Startup, according to the Europas Awards, an event launched in 2009 by Techcrunch’s editor-at-large, Mike Butcher, to recognize and celebrate the innovation emerging from Europe’s burgeoning tech startup scene. The Awards were announced live on 25th June during an online event.
The deciding panel of judges included a diverse range of European tech founders, investors and journalists.
According to the judges, FintechOS is the hottest FinTech Startup in Europe for “helping banks and insurers accelerate digital transformation and build end-to-end digital products in weeks rather than months. In 24 months, FintechOS onboarded 40+ Financial Services clients across the world, with $25bn under management, and opened offices in London, Amsterdam, Vienna and Bucharest.” Past winners in the FinTech category have included tech stars like Starling Bank and Revolut.
Teodor Blidarus, FintechOS’s CEO, stated: “We are honored that some of the most reputed tech specialists worldwide included FintechOS on a short list of the most innovative fintech startups. We have worked hard in the last year, especially during the pandemic, to tailor our technology and deliver end-to-end hyperpersonalised digital customer journeys for banks and insurers with unparalleled speed. Such recognition makes us feel proud but also humble at the same time. We are committed to increasing even further the added value we bring to our customers, our partners and the financial services ecosystem at large.”
FintechOS consolidated its growth by increasing YoY revenues by 300% in the first quarter in comparison to Q1 2019 and doubled the number of new customers compared to the 6 months before the COVID-19 pandemic. The company is currently involved in more than 20+ projects to deploy digital transformation solutions for banks and insurers in the UK, Central and Eastern Europe, South-East Asia and North America.
In the past few months, during lockdown, the demand for FintechOS solutions has significantly increased, particularly those designed to support online onboarding, setting up virtual branches and online assistance via remote video and co-browsing. FintechOS’s cloud-native technology has been engineered to enable rapid and tailored deployment, massively reducing the time to launch.
“Post 2020, digital financial services integrating the whole financial life of the broadest categories of clients need to be built and rebuilt by all financial institutions, leaders and challengers alike, in both advanced and developing markets. This broad and speedy transformation is the industry’s challenge and our goal. To ensure better served customers every time, everywhere”, explained Sergiu Negut, FintechOS’s Co-Founder.
Judges and speakers at The Europas 2020 included Anne Boden, CEO of Starling Bank; Markus Villig, CEO and Founder of Bolt; Mike Butcher MBE, Editor-at-large at TechCrunch; Amy Lewin, Deputy Editor at Sifted; Nate Lanxon, Editor and Tech Correspondent at Bloomberg; Parmy Olson, Technology Reporter at The Wall Street Journal; Michael Jackson, Board Member of Volvo Cars, AXA Insurance, Investor. You can see the full list here.
FintechOS ranks among the most well-funded VC-backed tech companies in Europe, according to a report released by CB Insights. In December, FintechOS secured EUR 12.7 million of Series A investment.
You can see the full list of The Europas’ winners and finalists here.