FintechOS Raises $28M After Turning Profitable

FintechOS has raised new capital after reaching profitability, giving the company a stronger footing as it expands its banking and insurance software in the US.

What happened

The company raised $28 million in combined equity and debt.

Bek Ventures, IFC, Cipio Partners and Molten Ventures participated in the equity portion, while Santander CIB provided senior debt.

FintechOS says it reached profitability in the first half of 2026. Recurring revenue increased 40% year over year, including 130% growth in the US.

Its platform helps banks and insurers launch and modify financial products without replacing their underlying core systems.

Why it matters

Core banking modernisation is notoriously difficult because large financial institutions often run on decades-old systems that cannot easily be replaced.

FintechOS takes a less disruptive approach: build a modern product layer around those cores so institutions can launch new accounts, loans or insurance products faster.

Reaching profitability before another expansion round also makes this financing more notable than a conventional growth raise. It suggests the company is trying to scale from a more sustainable base rather than relying purely on external capital.

The bigger picture

Financial institutions are under pressure to modernise customer experiences while preserving stable legacy infrastructure. That creates a large market for middleware and orchestration platforms. FintechOS' growth shows that the modernisation opportunity remains significant even as banks increasingly add AI to existing systems rather than replacing everything at once.