Leading the extended round were BlackRock, Cipio Partners, and Molten Ventures, with participation from EarlyBird VC, Gapminder VC, and OTB VC, among other current investors.

As a "testament to the confidence our investors have in our vision and execution," Teo Blidarus, co-founder and CEO of FintechOS, calls this latest investment, which complements the $60 million it raised in its original Series B fundraising round in 2021.

Established in 2017, FintechOS is a platform designed to assist financial services companies in their attempts to modernize their core operations.

It claims that the launching, servicing, and growth of financial goods and services are made simpler and faster by its low-code technology.

Its platform allows businesses to swiftly introduce new solutions without having to fully redesign the core by plugging it in anywhere in the tech stack to function alongside old and current technology that they choose to retain.

Furthermore, the company asserts that by giving staff members the resources they need for distribution, definition, service, subscription, and "analyzing the performance of financial products," its "flexible capabilities" may enhance the "entire product lifecycle."

Presently, the startup provides services to more than 50 clients worldwide. Notable clients include Vibrant Credit Union, Admiral, Avant Money, Société Générale, and Benenden Health.

FintechOS says it is "on track" to reach break-even in 2024, having grown 40% year over year and seeing a "170% increase in operating margins."

The fresh funding infusion has been designated to support the business's goals for worldwide development, according to TechCrunch.