FintechOS raises funds for US push

FintechOS has secured $28 million in new funding to accelerate its growth in the United States. This move is significant for retailers and service providers because it signals a faster arrival of modernized lending tools. FintechOS specializes in 'low-code' infrastructure. This technology allows banks and non-bank lenders to launch new financing products—like point-of-sale loans or embedded credit—in weeks rather than months or years. For business owners, this means your lending partners may soon have better digital interfaces and more flexible financing options. As the company expands its U.S. footprint, expect to see more traditional regional banks offering digital-first financing programs that compete with major BNPL providers. The goal of this technology is to remove the technical hurdles that prevent lenders from creating customized financing plans. If you have been waiting for your preferred lender to modernize their application process or offer more diverse credit tiers, this influx of capital into the infrastructure side of the industry is a positive sign. It drives competition among lenders to provide smoother, faster approval processes at your checkout or service desk.

Source: Finextra — Lending

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