{"id":5877,"date":"2021-08-11T07:12:09","date_gmt":"2021-08-11T07:12:09","guid":{"rendered":"https:\/\/outsourcing-today.ro\/?p=5877"},"modified":"2021-08-11T07:12:10","modified_gmt":"2021-08-11T07:12:10","slug":"fintechos-becomes-first-catalyst-investee-in-romania","status":"publish","type":"post","link":"https:\/\/outsourcing-today.ro\/?p=5877","title":{"rendered":"FintechOS becomes first Catalyst investee in Romania"},"content":{"rendered":"\n<p>Endeavor Romania\u2019s first selected company,&nbsp;<a href=\"https:\/\/fintechos.com\/\">FintechOS<\/a>, closed a $10M investment with participation from Endeavor Catalyst as part of a previously announced $60M Series B funding round led in April 2021. Endeavor Romania launched in February 2021 as the sixth Endeavor office in Europe. Teodor Blidarus and Sergiu Negut were the first selected Endeavor Entrepreneurs from Romania in June 2021 and, FintechOS is the first Endeavor Catalyst Investee in Romania.<\/p>\n\n\n\n<p>IFC \u2014 a member of the World Bank Group \u2014 led the $10M investment, backing the European startup\u2019s low-code approach to boost financial inclusion around the world. According to the World Bank, 1.7 billion people are unbanked. To reach these people, banks are investing in technology that helps them digitize services.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>Co-founder and CEO of FintechOS, Teodor Blidarus<\/strong> <strong>said <\/strong><em>\u201cThe investment of Endeavor Catalyst, along with the one from the IFC, show that new types of investors start looking at innovative B2B businesses with global outlook. Endeavor\u2019s focus, in particular, is opening up several avenues for FintechOS\u2019 future development in the US, Latam and APAC where we expect the network to support us with market entries and advice through their local mentors and entrepreneurs, for the benefit of a much broader range of financial institutions in more markets.\u201d<\/em><\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>Sergiu Negut, Co-founder, CFO &amp; COO of FintechOS said<em>\u00a0<\/em><\/strong><em>\u201cEndeavor Catalyst and IFC\u2019s investments validate FitenchOS\u2019s business model and strategic worldwide expansion plans. They also put a spotlight on CEE and Romania as an emerging epicenter of global innovation. This will certainly lead the way for other types of investors, leading to more chances for the local companies to get access to finance and growth opportunities. We are happy to be part of Endeavor\u2019s network and showcase our story to other founders from developing markets but with global ambitions.<\/em><\/p><\/blockquote>\n\n\n\n<p>The funds are being used to secure the company\u2019s position in Europe and the UK and fuel international expansion to target financial institutions in Asia-Pacific, Middle East and Africa, and North America. Endeavor Catalyst chose to invest in FintechOS because of its potential to expedite the change in the financial services industry globally.<\/p>\n\n\n\n<p>\u201cSergiu Negut and Teodor Blidarus are accelerating digitalization, transforming how financial institutions can serve unbanked communities globally,\u201d Allen Taylor, Managing Director of Endeavor Catalyst, said. \u201cAt Endeavor, we believe in the transformational power of entrepreneurship, and FintechOS is solving the challenge of barriers institutions face in serving those financially excluded.\u201d<\/p>\n\n\n\n<p><strong>About Endeavor Catalyst&nbsp;<\/strong><\/p>\n\n\n\n<p>Endeavor Catalyst is Endeavor\u2019s rules-based, co-investment fund that invests in the companies of Endeavor Entrepreneurs. With $250M in Assets Under Management (AUM) across three funds, Endeavor Catalyst has made 180+ investments in 30+ markets to date and counts 26 unicorns in its current portfolio. Endeavor Catalyst offers a unique opportunity for Endeavor to become financially self-sustaining by investing in the very entrepreneurs it supports while generating access to world-class companies and meaningful returns for investors.<\/p>\n\n\n\n<p><strong>About FintechOS&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>FintechOS is driving a paradigm shift in how financial products and services are created by making banks and insurers truly customer-centric. They consolidate critical data from multiple sources like existing databases and ecosystem APIs and these rich data insights are automatically plugged into every step of the customer journey to create truly personalized offerings. Their tech integrates seamlessly with existing IT systems and our low code tools quickly empower organizations to design personalized customer experiences. These capabilities free their customers to tailor products, services, and interactions to a segment of one, increase ROI and decrease time-to-market.&nbsp;<\/p>\n\n\n\n<p><strong>About IFC&nbsp;<\/strong><\/p>\n\n\n\n<p>IFC, a member of the World Bank Group, advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. They achieve this by creating new markets, mobilizing other investors, and sharing expertise. In doing so, they create jobs and raise living standards, especially for the poor and vulnerable. Their work supports the World Bank Group\u2019s twin goals of ending extreme poverty and boosting shared prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Endeavor Romania\u2019s first selected company,&nbsp;FintechOS, closed a $10M investment with participation from Endeavor Catalyst as part of a previously announced $60M Series B funding round led in April 2021. Endeavor Romania launched in February 2021 as the sixth Endeavor office [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/5877"}],"collection":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5877"}],"version-history":[{"count":1,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/5877\/revisions"}],"predecessor-version":[{"id":5880,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/5877\/revisions\/5880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/media\/5879"}],"wp:attachment":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}