FintechOS, specialized in accelerating the digital transformation for financial institutions, announced it received a supplemental €1.1M investment in a new round leaded by GapMinder VC, LAUNCHub Ventures, Gecad Ventures and private investors. The total capital attracted in the seed phase reaches €2.7M and makes FintechOS one of the best capitalized startups that enters the global expansion phase. The company anticipates it will attract a serie A investment of €8-10M by the end of the current year.
Moreover, FintechOS revised upwards its estimates for 2019 towards reaching the €5M income mark from recurring annual revenues representing licenses, an increase of over 400% compared to 2018. The implementation services for Fintech OS will generate over €20M for a portfolio of partners specialized in accelerating the digital transformation, among which Deloitte, KPMG or CapGemini.
FintechOS recently recruited as part of its management team Leon Stevens, former VP Salesforce.com, executive with over 25 years of experience in top management positions in companies like HP or IBM. His mission in FintechOS is to accelerate the development of the global operations. The company also expects an increase when it comes of its employees, estimating a team of 70 people by end of 2019, double compared to previous year.
The new investment allows us to rapidly consolidate commercial teams in 3 important areas: US, Beneluch and DACH. In the same time, we are working at maximum speed to implement AI technologies within FintechOS platform because the intelligent interpretation of high volumes of data and the fast customization for financial instruments are critical components for the entire financial industry. This autumn, we are announcing a tech revolution