FinTech startup Festina Finance Raises over €25 Mn in Funding

The investment came from Birchway Capital, a UK-based growth equity firm that focuses on B2B technology, FinTech, and AI companies. Following the investment, Festina Finance is valued at around €200 million.

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Morten Schantz, Founder of Festina Finance, said, “The pensions and life insurance industry is undergoing a major technology transformation, driven by the need to replace legacy infrastructure with more modern, flexible platforms.

“Our focus at Festina Finance has been on building cloud-native modular systems that allow providers to adapt more quickly, improve operational efficiency and deliver better outcomes for members without ever compromising resilience or control. This investment enables us to accelerate that work and scale our platform across Europe as demand for modern pensions infrastructure continues to grow.”

Kilian Pender, Founding Partner at Birchway Capital, said, “Festina Finance has built a strong platform in a market where many pension providers and life insurers are still reliant on legacy systems. Our discussions with customers confirmed the strength of the technology and the importance of its role in modernising mission-critical operations.

“We see a clear opportunity as providers move away from fragmented, ageing infrastructure towards integrated, cloud-based platforms. The scale of the market opportunity, combined with the quality of the Festina Finance team, means we believe they are strongly positioned to continue as a leading technology partner to pension and life insurance providers across Europe.”

Founded in 2007, Festina Finance provides software platforms for pensions, life insurance, and financial planning. Its technology helps companies manage and store important customer and policy data in one system.

The company's cloud-based solutions help pension funds, insurance companies, banks, wealth managers, and financial advisors modernize their operations, improve efficiency, and offer better services to customers.

Its main products include the Life & Pension platform, which helps manage pension and insurance policies, and the Advisor platform, which provides financial professionals with digital tools to support investment and financial planning services.