Fintech Platform FlowX Raises $8.5 Million in Seed Funding Round

FlowX, a Bucharest-based emerging financial technology startup, announced that it has secured $8.5 million in a seed funding round led by PortfoLion, with participation from Day One Capital and SeedBlink.

FlowX helps banks and financial institutions with complex IT infrastructures build digital experiences that neo-banks have been championing for years now, experiences that consumers have grown to expect.

The startup provides the banking and financial services industry with a platform whereby they can launch complex solutions in as little as ten weeks, all without having to dismantle existing infrastructures.

According to the company, the latest funds will support its expansion plans in Europe and the US. FlowX aims to grow its team by the end of Q1 of 2022.

“This seed funding, less than a year after starting FLOWX, proves that the problem we address is massively painful – legacy infrastructure is holding back enterprises from growing,”FLOWX CEO and co-founder Ioan Iacob said.”This financing will support us in extending our offering globally, to giving companies back the freedom to build to more – together with our expanding network of global consulting and system integration partners.”