FinTech funding surges past $1.1bn across 18 deals

May 16, 2025

Over $1bn was injected into the global FinTech ecosystem this week, marking a strong showing across sectors despite a relatively subdued volume of deals.

A total of 18 FinTech-related deals were completed, amassing just over $1.13bn in disclosed funding. Of these, three deals crossed the $100m mark, led by HR and financial automation platform Rippling, which raised a remarkable $450m. It was closely followed by WealthTech firm Addepar, bringing in $230m, and digital life insurance platform Bestow, which secured $120m.

The US continued its dominance in FinTech funding activity, accounting for half of this week’s deal count with nine investments. The UK followed with five, while Germany, France, and Israel each saw one deal.

In terms of verticals, RegTech showed significant traction with four deals, closely followed by FinTech at five. WealthTech and PayTech both saw multiple transactions, while CyberTech, PropTech, InsurTech, and Infrastructure/Enterprise software also saw representation.

Here are this week’s FinTech funding rounds:

HR and IT platform Rippling raises $450m in Series G round

Rippling, a workforce management platform offering integrated solutions across HR, IT and finance, has secured $450m in a Series G funding round.

The raise saw participation from Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator, alongside existing investors.

In addition to the primary investment, Rippling has launched a $200m tender offer to repurchase equity from current and former employees. The round places the company’s valuation at $16.8bn.

Founded on the belief that employee data plays a foundational role across numerous enterprise systems, Rippling offers more than two dozen products that cover functions such as payroll, benefits, identity management, corporate cards and bill pay. Its unified platform enables organisations to manage every aspect of the employee lifecycle in one place, eliminating the inefficiencies caused by fragmented data systems.

WealthTech firm Addepar raises $230m in Series G to support global growth

Addepar, a global technology and data platform used by investment professionals, has secured $230m in a Series G funding round that values the company at $3.25bn.

The round was co-led by London-based Vitruvian Partners and returning investor WestCap from New York. Additional support came from existing backers 8VC and Valor Equity Partners, while Singapore’s EDBI joined as a new investor through SG Growth Capital, a platform of the Singapore Economic Development Board and Enterprise Singapore.

Founded in the aftermath of the 2008 financial crisis, Addepar provides an integrated platform that supports investment professionals in managing over $7tn in assets across more than 1,200 client firms in 50 countries. It serves a broad client base including single-family offices, RIAs, large banks, institutional investors and fund managers.

The fresh capital will be used primarily to provide liquidity to employees and other investors via a tender offer. A portion of the proceeds will also fund continued investments in R&D and client-facing capabilities, helping Addepar advance innovation and maintain its rapid product development.

Wealth-building app Stash raises $146m to expand Money Coach AI platform

Stash, a US-based FinTech platform focused on making wealth-building accessible to everyday consumers, has secured $146m in its Series H funding round.

The oversubscribed round was led by Goodwater Capital, with participation from returning investors including Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation. Additional backing came from funds and accounts advised by T. Rowe Price Investment Management.

Founded to democratise investing, Stash offers automated financial tools, educational content, and a user-friendly app designed to help users build long-term financial health. With over 1.3 million paying subscribers and $4.3bn in assets under management, the company has become a prominent player in AI-driven financial planning.

The fresh capital will be used to accelerate product development, particularly around Stash’s recently launched Money Coach AI. The platform delivers real-time, personalised financial advice—ranging from first-time investment picks to portfolio diversification guidance—based on expert investing strategies.

InsurTech firm Bestow raises $120m to accelerate platform expansion

Bestow, a technology provider for the life insurance sector, has raised $120m in an oversubscribed Series D funding round as it continues to reposition itself as a core technology partner for carriers.

The round was co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. Alongside the equity raise, Bestow also secured a $50m credit facility from TriplePoint Capital to further support its operations and growth initiatives.

Bestow provides a vertically integrated InsurTech platform that enables life and annuity carriers to digitise their operations—from product development and underwriting through to policy administration. The platform is designed to help insurers modernise, improve cost efficiency, and enhance service delivery at scale.

Zopa boosts balance sheet with £80m raise to fuel everyday banking ambitions

Zopa, the UK-based digital bank and FinTech lender, has raised £80m in Additional Tier 1 (AT1) capital to support its next phase of growth.

The funding round attracted participation from a mix of existing and new investors, with the transaction completed on the International Securities Market (ISM) of the London Stock Exchange. Jefferies acted as structuring adviser and sole lead manager on the deal, which was oversubscribed by more than two times, drawing interest from over 20 institutional investors.

Founded as a peer-to-peer lending platform, Zopa has evolved into a full-service digital bank since its launch in 2020. The company offers a range of financial products, including personal loans, credit cards, and savings accounts, and has become a significant player in the UK’s consumer finance space.

Zopa intends to use the newly secured capital to bolster its balance sheet without diluting existing shareholders. The move comes as the company prepares to enter everyday banking with the upcoming launch of its flagship current account, positioning itself to capture a broader share of customer financial needs.

Specialty insurance SaaS leader Tinubu secures $45m to expand AI-driven platform

Tinubu, a global provider of enterprise software for the specialty insurance sector, has secured $45m in growth capital to accelerate innovation and international expansion.

The funding round was led by Morgan Stanley Expansion Capital, with continued support from Long Arc Capital. The capital will fuel Tinubu’s product development and broaden its reach into additional specialty insurance lines.

Tinubu offers end-to-end, cloud-based solutions tailored to the specialty insurance market, including capabilities for policy administration, underwriting, distribution, and claims. Its platform supports nearly 50 carriers and over 150 agencies across five continents.

Samaya AI lands $43.5m to scale expert AI agents for finance sector

Samaya AI, a specialist AI platform focused on financial services, has announced a $43.5m funding round.

The funding round was led by NEA (New Enterprise Associates), with backing from prominent figures in both the technology and financial industries. Investors included former Google CEO Eric Schmidt, AI pioneer Yann LeCun, Two Sigma co-founder David Siegel, and Sixth Street vice chair Marty Chavez.

Samaya AI is developing a suite of AI agents designed to handle complex tasks across financial workflows. Its technology enables the automation of processes such as investment research, client advisory, and deal diligence. The platform is capable of generating investment reports across sectors, building presentations using proprietary data, and answering highly technical questions using a broad base of real-time information, all grounded with verifiable evidence.

Identity-focused security firm ClearVector raises $13m to combat AI-era threats

ClearVector, a cybersecurity company pioneering identity-driven threat detection, has raised $13m in a Series A funding round.

The investment was led by Scale Venture Partners, with support from Okta Ventures, Inner Loop Capital, and returning investor Menlo Ventures.

ClearVector’s platform is designed to identify and stop adversaries by analysing runtime identity activity across complex production environments.

The company’s approach moves away from traditional threat intelligence and focuses instead on monitoring human, non-human, and third-party identity behaviour to detect threats in real time.

At the core of ClearVector’s technology is a purpose-built commercial graph that connects billions of data points to provide a unified view of security activity. This allows organisations to trace threats that move across cloud services, SaaS tools, and CI/CD pipelines — closing the gaps often exploited by attackers.

FlexPoint raises $12m to expand its payments platform for managed service providers

FlexPoint, a FinTech company specialising in payments automation for managed service providers (MSPs) and their small to mid-sized business clients, has raised $12m in a Series A funding round.

The investment was led by Foundry Group, with participation from Haymaker Ventures, Garuda Ventures, Techstars, Far Out Ventures, and Cascade Seed Fund. This latest round brings FlexPoint’s total funding to $19.5m since its launch in March 2023.

FlexPoint provides a payments platform that enables MSPs—who deliver essential technology services to SMBs—to automate and streamline their financial transactions.

The newly secured capital will be used to accelerate product development and support the growth of FlexPoint’s partner programme. The company plans to deepen its footprint in the $2tn global SMB technology market, where MSPs play a pivotal role, facilitating roughly 80% of spending.

Wireless technology company SurgePays raises $7m to fuel nationwide expansion

SurgePays, a wireless and FinTech firm delivering mobile and financial services to underserved communities, has announced a $7m senior secured convertible note agreement with a current institutional shareholder.

The financing comprises $6m in cash and a buyback of 333,333 shares from the investor’s existing equity holding. The note will mature two years from issuance and becomes convertible after eight months at a fixed price of $4 per share, representing a premium on the company’s closing price as of 13 May 2025. SurgePays retains the option to repay the note early with a 2% premium plus accrued interest.

SurgePays operates as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), providing infrastructure and services to other wireless providers. The company also offers a proprietary point-of-sale (POS) platform used in thousands of retail outlets across the US to facilitate mobile activations, top-ups, and digital financial services.

UK FinTech platform RetailBook secures £4.5m to expand retail investor access

RetailBook, a UK-based FinTech platform that empowers retail investors to participate in primary capital market deals on equal terms with institutions, has announced a £4.5m funding round.

The round was led by Augmentum Fintech, one of Europe’s leading FinTech-focused venture capital firms. Existing investors Peel Hunt, Jefferies, Rothschild & Co, and Hargreaves Lansdown also joined the round to support RetailBook’s next phase of growth.

RetailBook enables broader participation in capital markets by bridging the gap between retail and institutional investors during equity and debt transactions. The platform has gained momentum in recent years as regulators and policymakers continue to encourage wider market participation from the public.

RegTech startup Kovr.ai raises $3.6m to streamline cyber compliance

Kovr.ai, an AI-native cyber compliance automation platform, has exited stealth with $3.6m in seed funding.

The round was co-led by IronGate and Xfund, with participation from Hack Factory, OODA Ventures, and McLean Capital.

Founded by former AWS, Gartner, and PwC executives Andrew Black and Sri Iyer, Kovr.ai aims to simplify compliance for heavily regulated industries. Its platform helps organisations quickly meet complex standards like FedRAMP, CMMC, and NIST by automating traditionally manual processes.

The capital will support team expansion in engineering, product development, and go-to-market efforts. Kovr.ai’s solution integrates with DevOps tools such as GitHub, Splunk, and Snyk, and includes features like real-time monitoring, AI-powered documentation, and audit-ready reports.

German pension tech start-up Penzilla raises €3.2m

Penzilla, a Munich-based pension technology company, is transforming the way businesses manage occupational pension schemes through its digital platform.

The start-up has raised €3.2m in seed funding to accelerate product development and expand its market presence. The round was led by Acadian Ventures and Delin Ventures, with participation from Robin Capital, as well as existing backers Motive Ventures and WENVEST Capital. Prominent angel investors including Diana zur Löwen also contributed strategic support.

Penzilla offers a digital solution that automates the complex and often error-prone process of managing occupational pensions. The platform integrates with widely used HR and payroll systems such as Personio, SAP, HiBob, and DATEV, allowing companies to efficiently administer pension contracts, salary adjustments, and insurer communications.

The new capital will support Penzilla’s efforts to solidify its leadership in the German pension technology market.

AI-driven property risk platform Martello secures £1.2m to modernise conveyancing

Martello, a UK-based property data intelligence company, is rethinking the way environmental and location-based risks are assessed in property transactions, using AI to bring greater clarity and speed to the conveyancing process.

The company has raised £1.2m in a funding round led by Fuel Ventures, with additional backing from strategic angel investors with deep knowledge of environmental searches and property law.

Martello offers a platform that uses artificial intelligence and real-time data analysis to assess risks such as flooding, subsidence, and land contamination. These factors can have a significant impact on property transactions, and Martello aims to improve how this information is delivered to legal professionals and homebuyers.

Tokenised securities platform Securitize secures strategic investment

Securitize, a leading platform for tokenising real-world assets, has announced a strategic investment from Jump Crypto, the digital asset division of Jump Trading Group.

The exact investment amount was not disclosed, but Jump has taken an equity stake in Securitize as part of the deal.

Securitize provides an end-to-end platform that enables the issuance and management of tokenised securities. The company has tokenised over $3.8bn in assets as of May 2025, working closely with major asset managers such as Apollo, BlackRock, Hamilton Lane, and KKR. Its ecosystem includes services as a SEC-registered broker-dealer, digital transfer agent, fund administrator, and operator of a SEC-regulated Alternative Trading System (ATS).

Revenue-based financing lands on myPOS via YouLend integration

myPOS and YouLend have announced a new partnership aimed at improving access to capital for small businesses in France.

The collaboration marks a significant step in expanding embedded finance solutions across Europe, beginning with a new service tailored to French merchants.

The integration allows eligible myPOS customers to obtain revenue-based financing directly from the FinTech’s all-in-one platform. Repayment is designed to be seamless and flexible, as merchants repay by dedicating a portion of their card payment revenues processed through myPOS, easing pressure on cash flow during slower business periods.

Only active myPOS merchants who have been using the platform for at least 12 consecutive months are eligible to apply. Once approved, qualifying merchants can receive funding within 24 hours.

Senior care FinTech Sunbound secures strategic investment from Omega Healthcare Investors

Sunbound, a FinTech company specialising in financial and accounts receivable solutions for senior living operators, has formed a strategic partnership with Omega Healthcare Investors, a leading real estate investment trust (REIT) focused on the skilled nursing and assisted living sectors.

As part of the agreement, Omega Healthcare Investors has taken an equity stake in Sunbound. The partnership will also offer Omega’s network of operator partners exclusive benefits, including preferred access and pricing to Sunbound’s suite of payments, accounts receivable, and financing services.

Sunbound provides a modern, user-friendly platform that enables senior living operators to streamline billing, ensure timely payments, and optimise cash flow. Its software is specifically designed for the senior care industry, enhancing both operational efficiency and the payment experience for residents and their families.

AML compliance firm Fincom secures Series B funding led by Nasdaq Ventures

Fincom, a RegTech company specialising in anti-money laundering (AML) compliance and sanctions screening, has raised new capital in a Series B funding round.

The round was led by Nasdaq Ventures, with participation from Macquarie Group, G1 Ventures, and existing backers AnD Ventures and ff Venture Capital. The exact amount of funding was not disclosed.

Fincom is known for its advanced approach to sanctions screening, which uses proprietary algorithms, computational linguistics and phonetic matching to deliver more accurate and cost-effective compliance results. Its technology is designed to be language-agnostic and compatible across multiple data formats, helping financial institutions reduce false positives and improve efficiency.

The new investment will support Fincom’s international growth, particularly in North America, and help launch new products such as screening for politically exposed persons (PEPs), adverse media, and verification of payee (VOP) tools.