FintechOS reports 195 percent growth in 2020, consolidating its position in Central and Eastern Europe

FintechOS had an increase of 195 percent in 2020 compared to the previous year and consolidated its position in the field of technology for banking and insurance.

Annual recurring revenues reached 7.5 million USD at the end of December.

FintechOS has doubled its number of customers – banks and insurance companies – shortly after the start of the COVID-19 crisis compared to the last six months before the pandemic.

The number of employees has increased by approx. 50 percent, especially at the top management level, FintechOS attracting seniors with solid experience in banking, insurance, technology, data security. The growth rate will remain accelerated, FintechOS will employ another 150-200 people in 2021.

Among the clients that adopted FintechOS solutions during 2020 are Banca Transilvania, Erste Group, OTP Group, CEC, First Bank, Vienna Insurance Group, UNIQA, eMAG, Flanco, TBI, Société Générale, RCI Leasing (part of the Group Renault).

Teodor Blidăruș, Co-Founder and CEO of FintechOS said: “The results of FintechOS in a year as difficult as 2020 reflect not only the burning need of the financial sector to migrate to the digital environment, but also our maximum degree of involvement to meet such varied requirements. The effort was considerable, and for this I thank my colleagues, partners, investors and, in particular, FintechOS customers. We will continue to act responsibly, while investing in innovation, talent and expansion into other markets.”

FintechOS’s goals for 2021 include increasing revenue in the UK and Benelux markets, and expanding to the US, the Middle East and North Africa.

Doubling turnover and attracting a new round of funding are also strategic goals for 2021.