FlowX.AI

FlowX.AI is a startup founded in 2020 in Bucharest, Romania, tackling one of the banking sector's most costly and persistent problems: legacy system modernisation. Large banks still run today on IT infrastructure built decades ago, often on mainframes that are difficult to replace due to operational risk and migration costs. FlowX.AI offers a low-code platform that lets banks orchestrate and modernise these legacy systems without fully replacing them, drastically accelerating the development of new digital banking products and services. The platform enables banks' IT teams to build new digital experiences — mobile apps, self-service portals, onboarding processes — that interface with existing core banking systems through a visual orchestration layer, reducing reliance on highly specialised programming skills and development cycles that would otherwise take months or years. FlowX.AI has raised a total of $44 million across two rounds: a $9 million seed and a $35 million Series A closed in May 2023, with participation from Dawn Capital, NAventures, V7 Capital, Day One Capital, and Portfolion. No new public funding rounds have been reported in 2025-2026, but the company continues operating in the growing banking modernisation market, a sector where competitive pressure from neobanks and the need to reduce time-to-market push traditional banks to invest in more agile integration solutions rather than fully replacing their core systems.