FlowX.ai, a startup that helps financial institutions modernize legacy systems, recently raised a whopping $35 million in fresh funds. This Romanian startup, which was initially based in Bucharest, developed a highly innovative platform that enables companies to build applications on top of their existing infrastructure, while also reducing costly maintenance fees.
For banks, FlowX.ai’s technology can speed up the loan approval process, simplify the mortgage application process, and enable customers to be onboarded online. This technology has already been adopted by popular banks such as BNP Paribas, OTP, Banca Transilvania, and Alpha Bank. The funds raised have allowed FlowX.ai to expand its geography, invest in its technology and engineering, and increase their AI capabilities.
Dawn Capital, a fintech investor, were the company that led the Series A funding, along with other investors such as PortfoLion, Day One Capital, and SeedBlink. CEO Ioan Iacob described FlowX.ai as “solving the Holy Grail of enterprise software” and believes the funds will help the company reach its full potential.
Ioan Iacob is the CEO of FlowX.ai, an experienced entrepreneur and tech visionary with a track record in enterprise architecture and technologies. He is passionate about helping businesses optimize their processes through the use of digital solutions, and has surrounded himself with a great team who is working on the mission to bring AI to enterprise on a large scale.
