FintechOS has raised $28m (about £21m) in equity and debt, with every equity cheque coming from investors already on its register, including Molten Ventures and the IFC. The London-headquartered company says it reached profitability in the first half of 2026 and has now raised more than $150m in total.
FintechOS, which sells software that lets banks and insurers launch products without replacing their core systems, has raised $28m in a combination of equity and debt. BusinessCloud put the sterling figure at about £21m.
The notable feature is who did not take part. No new equity investor joined the cap table. The equity came from existing backers Bek Ventures, the International Finance Corporation, Cipio Partners and Molten Ventures, the London-listed venture firm. Santander Corporate Investment Banking supplied a debt facility alongside it.
Terms were not disclosed, including the valuation and the equity-debt split. An insider round with a debt component usually points to a company raising on its own terms rather than testing the market, and FintechOS framed it that way.
The company said it reached profitability in the first half of 2026, driven by growth in the United States. "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," chief financial officer Cyril Desouza said, adding that the combination of profitability and a return to growth was what allowed the company to take on a round of this size.
Founded in 2017, FintechOS is headquartered in London with offices in Bucharest and New York. It has now raised more than $150m since inception. The capital will fund expansion in the United States, further European client wins and investment in its artificial intelligence capabilities.
The business sells a technology layer that sits on top of existing banking and insurance infrastructure, letting institutions build and manage financial products without a core replacement programme. That positioning has been the sector's most defensible pitch during a period in which few banks have appetite for multi-year core migrations.
The round lands in a subdued market for UK fintech capital, where late-stage cheques have thinned through 2026. For companies that have reached profitability, an existing register plus a bank debt facility has become the most reliable source of growth capital.
For Molten Ventures, a listed backer that marks its holdings publicly, a flat or undisclosed insider round in a newly profitable portfolio company is a cleaner outcome than a priced round with a new lead.
Original source: Tech.eu — https://tech.eu/2026/09/21/fintechos-raises-28m-in-equity-and-debt/
