A total of $2.6bn was raised across FinTech this week, largely down to Acrisure’s colossal $2.1bn funding.
There were a total of 23 FinTech funding rounds covered by FinTech Global this week. This represents a slight increase from the previous week, which saw 18 deals.
The largest deal of the week was secured by Acrisure, which offers a variety of FinTech solutions including tools for insurance, reinsurance, cybersecurity, real estate, payroll, benefits, and wealth management solutions. Acrisure raised $2.1bn through a new issuance of convertible senior preferred stock. The round was led by Bain Capital, with participation also coming from Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners.
Excluding the Acrisure, the remaining FinTech companies raised a combined total of $671m. Last week, the 18 FinTech companies raised a total of $1.13bn.
Airwallex raised the second biggest funding round of the week, attracting $300m to help it expand into markets such as Japan, Korea, the UAE, and Latin America. The Australian FinTech was the only other company to raised over $100m this week.
In terms of sectors, CyberTech and WealthTech held the top spot with five deals each. The WealthTech companies were Clair, Thndr, Seeds, Penfold and ElGameya, and the CyberTechs are TrustCloud, BreachRx, Pixee, Wirespeed and HOOTL.
As for the other sectors, there were three deals for marketplace lending (Lendflow, CrediLinq and Button Finance), Infrastructure & Enterprise Software (Acrisure, Keep and Slash), and PayTech (Airwallex, RevenueCat and Aufinity).
Two ESG FinTech companies raised funds (Novisto and Riverse) and rounding off the week were one deal each for RegTech (Greenlite AI) and InsurTech (Kota).
Despite a slow week for InsurTech deals, the sector has had a good start to 2025. Global InsurTech investments increase by two-thirds QoQ in Q1 2025 to reach
In Q1 2025, the global InsurTech sector recorded 55 deals, down 15% from the 65 deals completed in Q1 2024. However, this marked a 41% increase compared to the 39 deals closed in Q4 2024, indicating a moderate rebound in transaction volume following a subdued end to 2024. Funding in Q1 2025 reached $746m, a slight increase of 4% from the $718m raised in Q1 2024 and up significantly—by 68%—from the $444m secured in Q4 2024.
In terms of countries, the US accounted for 12 of the FinTechs to raise funds. These were Acrisure, RevenueCat, Slash, Clair, TrustCloud, Lendflow, BreachRx, Pixee, Greenlite AI, Seeds, Button Finance and Wirespeed.
Canada and Egypt were the only other countries to see multiple FinTech deals, with each recording two. These were Canada’s Keep and Novisto and Egypt’s Thndr and ElGameya.
The other countries to see FinTech deal activity were Australia (Airwallex), Germany (Aufinity), Ireland (Kota), Singapore (CrediLinq), France (Riverse), the UK (Penfold) and the UAE (HOOTL).
A recent piece of research from FinTech Global found that Canada’s FinTech investments dropped by 39% YoY in Q1. In the first quarter of 2025, Canada recorded 20 deals, representing a modest 11% increase on Q4 2024 but down significantly from the 52 closed in Q1 2024.
In terms of investment value, it dropped to $221m, a 39% decline from the $360m raised in Q1 2024 and a sharp 79% drop compared to the $1.1bn raised in Q4 2024.
Here are the 23 FinTech funding rounds covered on FinTech Global this week.
FinTech giant Acrisure secures $2.1bn funding led by Bain Capital
Acrisure, a global FinTech company delivering tech-powered financial services to businesses and individuals, has raised $2.1bn through a new issuance of convertible senior preferred stock.
The investment round was led by Bain Capital, with participation from Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of other investors. The round did not involve any secondary sales, with existing shareholders maintaining their positions. BDT & MSD remains Acrisure’s largest minority shareholder.
Founded as an insurance brokerage, Acrisure has evolved into a broad financial services platform combining artificial intelligence with industry expertise. Its services now include insurance, reinsurance, cybersecurity, real estate, payroll, benefits, and wealth management solutions. The firm operates across 23 countries and employs over 19,000 people.
Proceeds from the raise will be used to refinance a portion of its non-convertible preferred stock, pursue strategic acquisitions, and drive platform expansion. The funds are also expected to accelerate organic growth and the integration of its existing portfolio of over 900 acquisitions.
Acrisure has also strengthened its executive team in line with this expansion, hiring Mark Wassersug as chief technology officer and Shawn Pelsinger as chief administrative officer. Wassersug previously served as COO at Intercontinental Exchange, while Pelsinger held a senior role at Palantir Technologies.
FinTech giant Airwallex secures $300m to scale global payments platform
Airwallex, a global financial platform for modern businesses, has raised $300m in a Series F funding round, taking its total funding to over $1.2bn and placing the company’s valuation at $6.2bn.
The latest round features a mix of primary and secondary investment, with $150m in secondary share transfers. Investors include Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures, as well as several leading Australian pension funds.
Founded in Melbourne, Airwallex has established itself as a key player in the FinTech space by offering cross-border financial infrastructure and services. Its core offering enables businesses to move money globally through a network built from the ground up, with direct integrations into local clearing systems and card networks. The firm supports local account creation in over 60 countries and processes transactions in more than 150 markets.
The company plans to use the new capital to continue expanding into markets such as Japan, Korea, the UAE, and Latin America. It also aims to boost its go-to-market operations across Europe, North America, and South East Asia, while further enhancing its financial infrastructure and software.
Airwallex has been experiencing rapid growth, reporting $720m in annualised revenue as of March 2025, a 90% year-on-year increase. The firm expects to hit $1bn in revenue run rate this year and currently supports over 150,000 businesses globally. Its gross profit in the Americas and Europe has grown at a CAGR of over 250% over the past four years.
Keep raises C$108m ($72.7m) to challenge legacy banks in Canada’s SMB market
Canadian FinTech Keep, which offers an all-in-one financial platform tailored for small businesses, has raised C$108m as it emerges from stealth.
The funding round includes C$33m in equity led by Tribe Capital, a C$71m credit facility from Coventure (Treville), and C$4m in venture debt from Silicon Valley Bank. Other investors include Rebel Fund, Liquid2 Ventures, Cambrian, Assurant Ventures, and notable backers from companies such as Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy.
Keep aims to transform Canada’s small business banking sector, a market worth over $500bn, by addressing the inefficiencies of legacy banks. These traditional institutions, the company argues, continue to rely on outdated software, poor customer service, and rigid underwriting processes that hinder the growth of the country’s 3 million small businesses.
The platform is designed specifically for Canadian regulatory and tax environments, offering tools like the country’s first FinTech business credit card, multi-currency accounts, automated expense management, and flexible global bill payments. By consolidating these functions, Keep hopes to eliminate the fragmented, fee-heavy systems that many business owners currently face.
Proceeds from the round will help Keep accelerate its mission to support Canadian entrepreneurs with better financial infrastructure, with plans to reach 100,000 small businesses by 2027 and save them over C$250m in annual fees.
In 2024, the company reported significant traction, crossing C$20m in annualised revenue in under two years and achieving over 300% net dollar retention. Keep has already onboarded more than 3,000 small businesses across various industries.
FinTech platform RevenueCat raises $50m to boost global app monetisation tools
RevenueCat, a US-based FinTech platform specialising in consumer app monetisation, has secured $50m in a Series C funding round.
The latest investment was led by Bain Capital Ventures, with participation from existing backers Index Ventures, Y Combinator, Adjacent, Volo Ventures and SaaStr Fund. This brings RevenueCat’s total Series C funding to $62m and its overall fundraising total to $100m.
Founded in 2017, RevenueCat provides developers with tools to build and manage monetisation systems across iOS, Android, and the web. The platform simplifies subscription, in-app purchase, and virtual currency management, helping engineering, product, and marketing teams handle complex backend infrastructure and gain deeper customer insights.
The new capital will be used to enhance RevenueCat’s infrastructure and product suite, supporting its expansion into emerging areas of FinTech. The company is set to address developer cashflow issues caused by delayed app store payouts and introduce tools for user acquisition, conversion optimisation and retention.
RevenueCat is powering more than one-third of all new subscription apps globally and now supports over 50,000 apps. The platform has recently launched tools such as Paywalls, Web Billing, and virtual currency support. It also introduced the Web Paywall Button, enabling developers to test non-in-app purchases following recent changes in U.S. iOS policy.
Vertical banking FinTech Slash lands $41m to scale tailored business banking
Business banking FinTech Slash, which offers industry-specific financial solutions, has raised $41m in fresh funding to accelerate its mission to transform the one-size-fits-all approach in business banking.
According to Finextra, the investment round brings the company’s valuation to $370m. Backers in this latest round include Goodwater Partners, NEA, and Menlo Ventures. This follows Slash’s $19m Series A round in 2023.
Founded with an initial focus on sneaker resellers, Slash has evolved into a vertical banking platform serving a range of industries with customised financial tools. The company differentiates itself by designing banking products tailored to specific sectors rather than using a broad, horizontal approach.
With the new capital, Slash aims to become the largest commercial card provider in the US. It plans to build applications for dozens of industries, including online travel and property management, to meet their unique financial needs.
ESG software platform Novisto bags $27m Series C led by Inovia Capital
Novisto has raised $27m in a Series C funding round to further develop its ESG platform and strengthen its European presence.
The round was led by Inovia Capital, with participation from existing backers White Star Capital, SCOR Ventures, and Sagard. This latest raise brings Novisto’s total funding to over $55m.
Founded to help enterprises manage and disclose ESG data, Novisto’s platform supports global companies with the collection, consolidation, and governance of sustainability information. It is designed to facilitate compliance with a growing list of ESG regulations, including the EU’s Corporate Sustainability Reporting Directive (CSRD).
The fresh capital will be used to accelerate innovation within Novisto’s platform and scale operations in Europe, where regulatory momentum around ESG disclosures continues to build. The company aims to match its North American workforce in Europe, reflecting strong demand in the region.
Among Novisto’s new clients is The Emirates Group, which has joined a growing list of global businesses turning to the platform for streamlined ESG reporting. Sanofi, one of the first firms to issue a CSRD-compliant report, used Novisto’s software to meet the EU’s updated disclosure requirements.
Automotive payments platform Aufinity raises $26m Series C led by BlackFin
Aufinity Group, a FinTech specialising in digital payment solutions for the automotive industry, has raised $26m in a Series C funding round.
The round was led by BlackFin Capital Partners, a European private equity firm focused on financial services and FinTechs. Existing backers PayPal Ventures and Seaya Ventures also participated, following their leadership in Aufinity’s Series B round last year.
Aufinity has established itself as a leading platform for payment management within the automotive sector, offering white-label digital solutions to car dealers and original equipment manufacturers (OEMs). Its platform supports seamless payment processes across vehicle sales and after-sales, enabling faster transactions, greater liquidity, and an improved customer experience.
The new funds will support the company’s continued expansion across Europe and the development of strategic partnerships with leading OEMs. This financing round was launched earlier than initially planned due to strong international demand and the rapid growth of its operations abroad.
Embedded FinTech Clair raises $23.2m to scale real-time wage access
Clair, a FinTech company specialising in EWA solutions embedded into workforce apps, has secured $23.2m in a Series B funding round.
The round was led by Upfront Ventures, which also led Clair’s Seed round, with continued backing from existing investor Thrive Capital.
Clair enables employees to access their earned wages instantly via a compliant, secure infrastructure powered by a partnership with national bank Pathward®, N.A., which originates the wage advances. The company offers a seamless experience for both workers and employers, providing liquidity between paydays while helping businesses attract and retain staff.
The new funding will support Clair’s continued product development and expansion, particularly by integrating its services into high-tech payroll and human capital management platforms. These platforms are increasingly seeking robust EWA capabilities to enhance employee benefits directly within the tools already used for scheduling and payroll.
Clair has reached over 29,000 business locations and aims to double down on its growth strategy with this latest investment. It recently launched a partnership with Gusto, a payroll and HR platform. Since launching in July 2024, the integration has seen strong adoption—43% of users took their first wage advance within two minutes.
Egyptian FinTech Thndr secures $15.7m to scale digital investing across MENA
Thndr, a digital investment platform based in Cairo, has reportedly raised $15.7m in new funding to support its regional expansion efforts.
The round was led by Prosus Ventures and joined by Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, along with participation from a prominent U.S. university endowment, according to a report from Wamda. This brings Thndr’s total capital raised to $37.76m since its inception.
Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr enables users in the Middle East to invest in local and international stocks, mutual funds, bonds, and other financial instruments through a low-cost, mobile-first platform.
With this fresh injection of capital, Thndr plans to deepen its operational footprint in the UAE and accelerate its entry into the Saudi Arabian market. The company aims to replicate its Egyptian success by offering locally tailored investment products that appeal to underserved and first-time investors in the region.
Thndr has become a leading player in Egypt’s retail investing space, claiming an 11% share of retail trading volume on the Egyptian Stock Exchange (EGX) in 2024, with a traded value of $3.5bn. It has also been the entry point for 82% of new EGX retail investors, onboarding over 190,000 individuals last year. Thndr holds 47% of assets under management in local gold mutual funds and has seen a sharp rise in female participation, growing from 3% to 12%, alongside broader access for users outside major cities.
AI-powered GRC platform TrustCloud secures $15m to transform enterprise cyber risk
TrustCloud, a security assurance platform serving hybrid enterprises, has announced the successful close of a $15m strategic funding round.
The investment was led by ServiceNow Ventures and included participation from Cisco Investments, Presidio Ventures, OpenView Venture Partners, Tola Capital, and existing backers.
The company operates in the FinTech and cybersecurity sectors, offering a purpose-built platform designed to modernise governance, risk, and compliance (GRC) workflows for enterprise chief information security officers (CISOs). TrustCloud’s AI technology integrates data across IT, business, and security systems, enabling organisations to reduce manual workloads, lower financial risk, and boost compliance efficiency.
Proceeds from the round will be used to accelerate TrustCloud’s enterprise go-to-market and channel operations. A key focus will be enhancing its AI capabilities to provide a unified view of security risk for CISOs across the entire IT landscape.
TrustCloud has launched several innovations over the past year, including its Hybrid Data Fabric, which consolidates data from over 100 SaaS tools; Continuous Control Monitoring (ConMon) on a Control Graph, which uses proprietary AI to test and optimise controls; and Assurance AI, which applies machine learning and NLP techniques to streamline risk and compliance workflows with high accuracy.
Embedded credit platform Lendflow secures $15m growth capital from Trinity Capital
Lendflow, a technology firm based in Austin, Texas, that specialises in embedded credit infrastructure for FinTech firms, vertical SaaS platforms, and lenders, has secured $15m in growth capital.
The investment comes from Trinity Capital, a Nasdaq-listed alternative asset manager known for supporting high-growth companies across tech, life sciences and financial services verticals.
Lendflow provides scalable, low-code solutions that enable platforms to integrate lending capabilities seamlessly into their workflows. Its technology stack includes a proprietary operating system and a decisioning engine powered by aggregated data and contextual lending tools. These features allow customers to handle underwriting, decisioning, and capital deployment efficiently, while maintaining control and flexibility.
The $15m funding will be used to accelerate Lendflow’s product development, expand its AI-driven automation platform, and support its mission to democratise access to credit. The company plans to enhance its data intelligence capabilities to offer faster, smarter, and more transparent lending experiences.
Cybersecurity platform BreachRx raises $15m to streamline incident response
BreachRx, a San Francisco-based cybersecurity firm, has raised $15m in Series A funding to scale its intelligent incident response platform for enterprise organisations.
The oversubscribed round was led by Ballistic Ventures, with participation from SYN Ventures, Overline, and Silver Buckshot Ventures. The funding also sees Ballistic Ventures general partner and former Mandiant CEO Kevin Mandia join the board, while journalist and author Nicole Perlroth becomes a board observer.
BreachRx offers a secure platform that automates cyber incident response across teams. Its technology delivers real-time coordination, dynamic playbooks, and clear tasking to ensure every stakeholder is aligned during a crisis. The tool supports communication, compliance, and resilience during cyberattacks.
The fresh capital will be used to expand BreachRx’s engineering and go-to-market teams as the company accelerates adoption and innovation. The firm already supports more than 100 clients, including Fortune 500 companies across financial services, healthcare, and critical infrastructure.
Application security startup Pixee secures $15m to automate code remediation with AI
Pixee, a U.S.-based application security company, has secured $15m in seed funding to expand its AI-powered code remediation platform.
The round was co-led by Decibel and Wing VC, with support from TEDCO, PrimeSet, and strategic angels including early GitHub engineer Zach Holman, HackerOne CTO Alex Rice, and Oracle’s Brian Chess.
Pixee automates the final mile of application security by delivering intelligent triage and production-ready code fixes directly into developer environments like GitHub, GitLab, and Azure DevOps.
With the funding, Pixee plans to accelerate product development and scale its go-to-market team. Enterprises already using Pixee have reported reclaiming 91% of developer remediation time and reducing triage time by 74%, with a 76% merge rate for fixes.
Designed for security-conscious enterprises, Pixee offers on-premises deployment to maintain full data control and avoid risks from unregulated AI tools.
RegTech innovator Greenlite AI secures $15m to scale trusted AI compliance agents
Greenlite AI has secured $15m in a Series A funding round aimed at expanding its trusted AI workforce for combating financial crime.
The round was backed by Greylock, Thomson Reuters Ventures, and Canvas Ventures, with the latest raise bringing Greenlite AI’s total capital secured to $20m.
Greenlite AI offers AI agents purpose-built for high-stakes compliance tasks. Its platform is used by OCC-regulated banks, SEC-regulated broker-dealers, and Fortune 500 companies to automate key processes such as Know Your Customer (KYC), Anti-Money Laundering (AML), and sanctions compliance. Among its clients are Ramp, Mercury, Betterment, Gusto, RSM UK, and several U.S. banks.
The fresh capital will support the expansion of Greenlite AI’s proprietary Trust Infrastructure, which embeds U.S. federal banking regulations into its AI agents. The company also plans to develop new agent archetypes, grow its engineering and go-to-market teams, and deepen its presence within the regulatory landscape.
Greenlite AI’s platform has seen adoption beyond direct deployments, with consulting and accounting firms now using its agents to support compliance services for financial clients. These agents perform end-to-end workflows such as alert triage and transaction monitoring, helping institutions cut review times and improve accuracy. One FinTech reportedly reduced alert handling by 90%, while a broker-dealer expanded operations across 12 markets using Greenlite’s AI.
Kota raises $14.5m to scale API-driven employee benefits across Europe
Kota, an Irish InsurTech firm transforming how businesses deliver employee benefits, has secured $14.5m in Series A funding.
The round was led by Eurazeo and joined by existing investors EQT Ventures, Northzone, and Frontline Ventures, along with new backers 9Yards and Plug and Play. This brings Kota’s total funding to $22.9m.
Founded in 2023, Kota offers an insurance benefits platform and API designed to modernise the delivery of pensions, health coverage and other benefits. The platform aims to replace outdated systems with an intuitive, digital-first experience. It integrates directly with insurers and pension providers, allowing employees to easily understand and access their benefits while giving HR and finance teams a unified management tool.
With the fresh capital, Kota plans to grow its team, expand partnerships with insurance carriers, and accelerate its customer acquisition strategy.
Since launch, Kota has helped hundreds of SMEs and tens of thousands of employees across Europe better manage and engage with their insurance and retirement plans. It partners with leading insurers including Vitality, ONVZ, Sanitas and Allianz Global Care, and counts Remote.com, Zoe Health, Carwow and Protex AI among its clients.
WealthTech firm Seeds lands $10m Series A to transform personalised investment experience
Seeds, a US-based WealthTech company focused on modernising investment experiences for financial advisors, has raised $10m in a Series A funding round.
The round was led by global FinTech investor Portage, with additional backing from existing investors Social Leverage and Blank Ventures.
Seeds offers an end-to-end platform designed to help registered investment advisors (RIAs) deliver a more human and client-centric investment journey. By aligning portfolios with investors’ personal values and financial goals, Seeds enables advisors to streamline operations while creating a tailored experience for each client.
The new capital will fuel product innovation, team expansion, and go-to-market efforts, including the rollout of a refreshed brand identity. Seeds plans to enhance its core offering across the full investment lifecycle—allowing advisors to gather client preferences, generate tailored proposals, implement strategies, and communicate insights in a unified system.
To support its growth, Seeds has made strategic hires across product, development, sales, marketing, and customer success.
CrediLinq bags $8.5m Series A to enhance AI-led credit solutions for SMEs
CrediLinq, a Singapore-based embedded finance platform for B2B transactions powered by AI, has secured $8.5m in a Series A funding round.
The round was led by OM/VC and MS&AD Ventures, with participation from new backers including Citi North America and Rustem Family Office. Returning investors included 500 Global, Epic Angels, 1982 VC and Big Sky Capital.
Founded to help digital-first small and medium-sized enterprises (SMEs) gain access to capital, CrediLinq provides an API-centric Credit-as-a-Service infrastructure. Its platform enables banks and digital platforms to offer embedded lending products tailored for the procurement, e-commerce, freelancing, supply chain, and payments sectors. The firm is already integrated with major e-commerce platforms such as Amazon, Lazada, and TikTok Shop.
The newly secured funds will support CrediLinq’s international expansion into the United States, United Kingdom and Australia. It also plans to invest in strengthening its executive team across sales, marketing, product, and technology. A key focus will be on enhancing its AI-driven credit scoring and decisioning capabilities to support a broader global reach.
Carbon credit platform Riverse raises €5m ($5.7m) to scale engineered climate solutions
FinTech firm Button Finance bags $5m Series A to scale AI-driven mortgage solutions
New York-based Button Finance, a FinTech company focused on home equity lending, has raised $5m in a Series A funding round to fuel its platform growth and technological expansion.
Founded in 2019, the company offers homeowners fast, AI-driven access to home equity through a fully digital process.
The Series A round was led by Hildene Capital Management, an asset manager specialising in structured credit with $17bn in assets under management. Existing investors also participated in the round, though their names were not disclosed.
Button Finance operates an AI-powered platform that simplifies and accelerates the home equity loan process. Its proprietary underwriting engine enables homeowners—particularly those overlooked by traditional lenders—to unlock equity in as little as five days. The streamlined approach has resonated with borrowers seeking faster access to liquidity in the current economic climate.
The company intends to use the fresh capital to enhance its technology stack and introduce new product offerings. Button Finance also aims to broaden its distribution channels in the second half of 2025 to meet surging demand for home equity solutions.
Workplace pensions platform Penfold lands £3.9m ($5.3m) to scale digital offering
Penfold, a digital pension provider focused on workplace retirement solutions, has raised £3.9m in fresh funding to expand its services across the UK.
According to UKTN, the round was led by Gresham House Ventures, with the investment held in its Baronsmead and Mobeus Venture Capital Trusts. The capital will support Penfold’s expansion into the UK’s small business and accountancy markets, as well as the development of its next-generation pension app.
Founded in 2018, Penfold operates as a challenger platform in the pensions space, offering digital-first workplace pension services through its own proprietary system.
The company plans to use the new funding to grow its customer base within the UK’s underserved SME sector and bolster its product offering with a newly developed pension app, aiming to improve the user experience for both employers and savers.
Penfold’s client base already includes fast-growing businesses such as FinTech firm Paddle and San Francisco-based artificial intelligence company Anthropic, demonstrating the appeal of its tech-led solution.
Egyptian FinTech ElGameya secures 7-figure investment to scale digital ROSCA platform
Managed detection and response startup Wirespeed bags funding
Cybersecurity and health tech platform RIIG – HOOTL secures UAE funding to scale AI-driven insurance solutions
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