This week’s overall FinTech funding surpassed $1bn as the sector continued its forward momentum.
Overall, 21 deals took place over the past seven days, with a $267m tranche landed by AI-PayTech Zepz claiming the plaudits for this past week.
There was still some room for other big fish though. Lendbuzz in particular secured a mammoth cash injection, bagging $262m.
The week was marked not only by impressive funding totals but also by a diverse number of deals across countries and sectors.
The United States continued to lead the way with 9 deals, raising $467.3M, maintaining its dominant position in the market. The UK followed closely with 6 deals, raising $324.9M, continuing its strong growth trajectory, particularly in CyberTech, PayTech, and FinTech.
Brazil, while securing just 2 deals, raised a notable $119M, signalling the rise of Latin America’s tech ecosystem.
Countries like Sweden, India, France, and Singapore also contributed with 1 deal each, reflecting the global diversity of the market.
On the sectoral front, FinTech emerges as the frontrunner, with 8 deals securing $443.5M, underlining its sustained prominence.
WealthTech, with 3 deals raising $107M, and InsurTech, with 4 deals totaling $75.3M, are also significant contributors. CyberTech attracted 3 deals, raising $56M, while PayTech made a major splash with just 1 deal at $267M.
The spread of deals across sectors shows a balanced growth, with investor interest spanning across different areas of tech innovation.
With an average deal size of $57.43M (excluding undisclosed amounts), the global investment environment remains robust, underscored by a healthy number of transactions across both leading and emerging markets.
Here are this week’s FinTech funding rounds:
Zepz secures $267m to boost money transfer operations in African markets
AI-powered FinTech Lendbuzz announces $262m securitization
Farther raises $72m Series C to revolutionise wealth management
Relyance AI’s $32m funding boost aims to revolutionize AI data governance in enterprises
AI-driven Numeric raises $28m to enhance real-time accounting solutions
Numeric, an innovative AI accounting automation platform headquartered in San Francisco and New York, has successfully closed a $28m Series A funding round.
This substantial investment was spearheaded by Menlo Ventures, accompanied by new investors IVP and Socii Capital, as well as existing stakeholders including Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others.
The recent funding aims to bolster engineering teams and enhance product development at Numeric. This strategic financial injection will support the company’s mission to enable real-time decision-making capabilities through advanced financial data processing.
Nada secures $25m from Kawa to expand innovative home equity solutions
Pinpoint Predictive raises $23m to transform underwriting with AI technology
Pinpoint Predictive, an innovator in the InsurTech sector, has successfully completed its Series A funding round, amassing more than $23m.
The round was spearheaded by the InsurTech-focused venture capital firm Markd, with additional investment from Jazz Venture Partners, Guidewire Ventures, Verstra Ventures, Navigate Ventures, and Seraph Group.
The company specialises in leveraging machine learning and behavioural insights to enhance precision in underwriting and actuarial decisions within the property and casualty (P&C) insurance industry. Clients of Pinpoint have reported improvements in loss ratios ranging from 3 to 10 points, benefitting from some of the earliest predictive capabilities available.
US InsurTech Ledgebrook secures $17m Series B to accelerate growth
Surfin secures $12.5m to boost financial inclusion across three continents
Quartr gains $6m from Altos Ventures to enhance global market research tools
Prime Security raises $6m to pioneer AI-driven design-stage security solutions
InsurTech startup Stream Claims secures $5.3m seed funding led by Spark Capital
Investors
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