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Announced

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Draper Esprit led a $60 Series B funding round in FintechOS.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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banking platform

Completed

Minority

Acquisition

Cross Border

Private

Friendly

Venture Capital

Private Equity

FinTech

United Kingdom

Synopsis

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Draper Esprit, a venture capital firm, led a $60 Series B funding round in FintechOS, a developer of a cloud-based banking platform. Other investors include Earlybird, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures. “When we launched FintechOS in 2017, we could already see existing solutions to digital transformation would struggle to deliver tangible results. By contrast, our unique approach has quickly inspired a sea-change in how financial institutions address digitization and engage with their customers. Events over the last year have only increased pressure on our industry to evolve and as a result we’re seeing growing demand for our powerful platforms. Our latest round of funding will help us grow at the pace needed to improve outcomes for financial institutions and their customers globally," Teodor Blidarus, FintechOS Co-Founder and CEO.

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