FintechOS, an agentic platform for financial product operations, has raised £21 million in combined equity and debt financing from Bek Ventures, IFC, Cipio Partners and Molten Ventures, alongside a senior debt facility from Santander CIB. The money goes towards setting up an expansion base in the United States, deepening the European client portfolio and scaling the delivery practice behind its AI-native platform.
Banks, insurers and other financial services companies across the United States and Europe use the platform as a unified layer over the entire lifecycle of a financial product, from design and launch to pricing, origination and servicing, removing the fragmentation caused by complex processes and a multitude of decoupled systems. Non-technical users can configure products and offers directly within Dex, the AI copilot, which changes how financial institutions deploy innovation.
The round follows a first half of 2026 in which FintechOS confirmed it had reached profitability while growing recurring revenue 40% year-on-year, driven in large part by 130% growth in the US market. Operational EBITDA climbed more than 102% year-on-year, with gross margin gains funding the next phase of growth. More than 20 new financial institutions worldwide are expected to adopt FintechOS 8 during the year, a record number of new customers.
The United States has been the fastest-growing market for the past year, and a set of US Board Directors, including a new Chairman, is being appointed to drive strategy and partnerships there, with a target of more than 200% year-on-year US growth over the next twelve months. A strategic partnership with Finxact, part of Fiserv, builds on an existing partnership with Finastra Phoenix and opens the door to banks and credit unions alongside clients such as ESL Federal Credit Union, Vibrant Credit Union, Hanscom Federal Credit Union and MHG Insurance. In Europe, new UK customers join systemic organisations including BRD Groupe Société Générale, Admiral, CEC Bank, Howden, Bankinter and Groupama.
A new forward-deployed practice is also being introduced, built around agile client-facing pods of a technical consultant and an engineer who work directly with client product teams to configure and launch on FintechOS, cutting time to market on new products and lowering total cost of ownership.
Growth and profitability go hand in hand, not at the expense of one another. Santander CIB's support, alongside other investors that trust us, is a strong vote of confidence in the path we're on, and it gives us the capital to go after the extraordinary potential we see ahead, particularly in the US, without compromising the discipline that got us to profitability in the first place.
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. Now that discipline is paying off twice over: the business has reached profitability, and we've already made the shift back into high growth, which is exactly the combination that lets us take on a round like this one.
