FintechOS announces revenues of 6 million Euro in the first year from inception

FintechOS, a high-tech company specialized in accelerating the digital transformation of top financial institutions worldwide, announces revenues of 6 million Euro from selling FintechOS technology in just one year from inception.

This amount combines 1 million Euro from annual recurring revenue for licenses and 5 million Euro from implementation services through the partner network.

The company reached 35 employees in 2018 and estimates doubling its staff by the end of 2019 as well as reaching the 3 million Euro milestone in license annual recurring revenue.

In one year, FintechOS expanded its operations on three continents and reached a portfolio of 10 Billion Euro managed assets through customers like ERSTE, Vienna Insurance Group, Orange Money, Hyperion Insurance Group, NN, Banca Transilvania, TBI Bank, or Idea Bank.

At the beginning of 2019 the company will launch consolidated operations in the UK, also relocating operations for the Benelux region in Amsterdam. The R&D, testing and technical support center will be based in Bucharest, Romania. FintechOS Headquarter will be located in London, one of the most powerful global financial hubs.

“The current development speed can be accelerated only by building as fast as possible a powerful but agile infrastructure. We need specific tech documentation and programs to engage with developer communities, we need professional training and certification programs to enroll partners, we need to strengthen our commercial team, we need to onboard experienced people in the management team. Our growth rate requires monthly revisions for our product strategy, which can only be done by agile, visionary people” stated Teodor Blidarus, FintechOS’s CEO.