FintechOS in a £10.7M series A round backed by Earlybird Venture.

FintechOS, a Bucharest, Romania and London, UK-based SAAS developer of automated financial solutions, announced that it raised £10.7 million ($14M) in Series A funding.

The money was raised from investors led jointly by Earlybird Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub.

Proceeds will be used for business growth across Europe, South East Asia and the US markets, and for technology development of more pre-built apps, services and solutions.

FintechOS, founded by CEO Teodor Blidarus and Sergiu Negut, developed a SAAS platform called FintechOS 20, which allows financial services providers to puts automate and personalize the digital customer experience quickly. Using the company’s technology, banks and insurers can launch data-driven, hyper-personalised digital products and services in weeks rather than months or years.

FintechOS offers both multi-cloud SaaS deployments and on-premises deployments and more than 150 integrated sources of data out-of-the-box – from social and contextual to cloud and enterprise systems – and more than 20 automated financial processes for AI-enabled areas like KYC, Customer 360, pricing or risk analytics.

Banks and insurance companies can also access a marketplace with more than 50 open source, ready-made apps for client onboarding, lending, savings, insurance, pensions and wealth management.

FintechOS previously raised almost $2 million.