Financing was led by Digital East Fund of Earlybird Venture Capital, one of the first investment funds betting on UiPath – the first unicorn in the local IT industry and OTB Ventures, with the follow-on-type participation of existing investors, Gapminder Ventures and Launchub, respectively.
Established in 2017, by Teodor Blidarus and Sergiu Negut, the company currently has clients in over 20 countries on three continents. Its annual recurring revenue grew 450% in 2019.
The additional capital obtained through the new financing round will be used to continue the company’s fast growth rate and expand its operations in Europe, as well as in Southeast Asia and the United States. Also, FintechOS will continue to massively invest in developing instantly accessible applications, services and financing solutions, in order to ease the access to value-added and customized services on multiple channels.