The result was influenced by growing demand for technological solutions able to ensure continuity in business for banks and insurers, against the backdrop of the COVID-19 pandemic.
For 2021, the company aims to double its turnover, boost its revenue on the markets in UK and Benelux, and to expand in the United States, the Middle East and North Africa.
The demand for FintechOS solutions peaked in 2020, especially for technologies that make possible the online integration, the setup of virtual branches and the online assistance by remote video and cobrowsing.
“The results obtained by FintechOS in a year so difficult like 2020 reflects not only the dire need of the financial sector to migrate towards the digital environment, but also our highest level of involvement to meets various requirements,” stated Teodor Blidarus, cofounder and CEO of FintechOS.
Banca Transilvania, Erste Group, OTP Group, CEC, First Bank, Vienna Insurance Group, UNIQA, eMAG, Flanco, TBI, Société Générale, RCI Leasing (part of Renault Group) are among the companies which adopted FintechOS solutions throughout 2020.
FintechOS is involved in projects of digital transformation for financial organisations in the UK, Central and Eastern Europe, Southeast Asia and North America.
The company, a start-up founded by Teodor Blidarus and Sergiu Negut, is currently preparing for a new financing round which is expected to enable its expansion and the fulfilment of its growth objectives on a medium and long term.