Up to $2.82bn was raised across 23 deals reported by FinTech this week, representing a rising tide of investment within the fast growing market.
The largest deal this week was recorded by Pagaya Technologies who secured over $1bn in funding capacity through a revolving asset-backed securitisation vehicle. Capital On Tap also recorded an eye-watering raise of £650m.
Recording the most deals this week sector-wise was the PayTech and financial infrastructure market with six deals a piece, with the Pagaya and Capital on Tap deals falling into these categories – the former for infrastructure and the latter for PayTech. Trailing just behind was the CyberTech space, that saw four such deals.
Other sectors represented this week were the blockchain industry, that saw two deals, whilst the RegTech, InsurTech, ESG, WealthTech and AuditTech all pulling in a deal each.
A sector that recorded a particularly strong Q1 this year was the US InsurTech sector, rebounded by 24% QoQ in Q1.
According to FinTech Global research, in Q1 2025, the US InsurTech sector recorded $396m in funding across 31 deals, marking a recovery from the previous two quarters.
This represents a 37% increase in funding compared to Q1 2024, which saw $290m raised across 32 deals, and a 24% rise from Q4 2024, which recorded $320m from 21 deals.
Here are this week’s deals.
FinTech firm Pagaya unlocks $1bn
Pagaya Technologies, a global FinTech company specialising in AI-powered financial solutions, has launched a new securitisation programme aimed at accelerating growth in the point-of-sale (POS) lending space.
The company has secured over $1bn in additional funding capacity through the creation of Pagaya Point of Sale Holdings Trust (POSH), a revolving asset-backed securitisation vehicle. The initial transaction, POSH 2025-1, is a $300m AAA-rated deal expected to close next week, with over 20 investors participating—including a mix of new and returning backers.
UK FinTech Capital on Tap raises £650m
Capital on Tap, a UK-based FinTech specialising in business credit cards for small enterprises, has announced a significant expansion of its funding structure with an additional £650m secured, bringing its Master Trust facility to a total of £1.2bn.
The latest funding round saw new partnerships with SMBC Group, Société Générale, and Lloyds. HSBC also played a key role, integrating its exposures into the expanded Master Trust as part of a creative financing structure aimed at optimising funding flexibility and growth.
Capital on Tap provides credit cards and financing solutions to small businesses in the UK and US.
Paris-based Neot Capital secures $394m
Paris-based Neot Capital, a finance and investment firm focused on low-carbon transport, has announced the launch of Neot e-motion, a new leasing platform designed to accelerate the deployment of zero-emission mobility solutions across Europe.
According to ESG Today, the new platform is backed by €350m (approximately $394m) in equity commitments from long-standing partners Alba Infra Partners, Mirova, and the Banque des Territoires.
Founded in 2016, Neot develops and operates investment platforms dedicated to sustainable mobility.
Kashable lands $250m
Kashable, a New York-based FinTech company focused on delivering employer-sponsored credit and wellness benefits, has secured a $250m credit facility to fuel its expansion across American workplaces.
The facility was led by Nomura Corporate Funding Americas, LLC, which served as the lead lender and agent. Additional support comes from MidCap Financial, the lending arm of Apollo Global Management, which maintains a separate lending relationship with the firm.
Founded in 2013, Kashable offers a mission-driven platform that provides affordable credit and financial wellness solutions as a voluntary benefit to employees across the US. Its products are designed to support long-term financial stability through payroll-integrated loans, budgeting tools, credit monitoring, and personalised coaching.
FinTech leader Dojo secures $190m
Dojo has raised $190m in a landmark equity investment from Vitruvian Partners. This marks the first time the company has raised external equity capital.
The investment from Vitruvian, a global growth investment firm with a strong track record in FinTech and payments, is expected to significantly accelerate Dojo’s growth trajectory. The funds will help the company expand further in the UK and deepen its presence in key European markets.
Founded in 2021, Dojo has swiftly emerged as a major player in the payments space. Its platform supports seamless, high-speed in-person transactions and offers robust “always-on” connectivity.
Personal finance platform Monarch raises $75m
Monarch, a personal finance platform focused on improving financial health for households, has raised $75m in a Series B funding round.
The round was co-led by FPV Ventures, represented by Wesley Chan, and Forerunner Ventures, led by Eurie Kim. Existing backers Menlo Ventures, Accel, SignalFire, and Clocktower Ventures also took part in the latest raise.
Founded six years ago, Monarch offers consumers a centralised view of their personal finances.
Bereavement support FinTech Empathy lands $72m
Empathy, a technology company redefining how individuals cope with grief and manage end-of-life logistics, has raised $72m in a Series C funding round to further scale its compassionate support platform.
The round was led by Adams Street Partners, with continued backing from previous investors General Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude, and LionTree, according to InsurTech Insights.
Additional strategic investments came from leading global insurers including Aflac, Allianz, Citi, Munich Re, MetLife, New York Life, Securian, and TIAA—many of whom joined as founding members of the newly launched Empathy Alliance.
Cerby bags $40m Series B
Cerby, a leading identity security automation platform, has raised $40m in a Series B funding round to fuel global expansion and product innovation.
The round was led by DTCP with continued support from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.
Founded in 2020, Cerby automates identity security for disconnected applications—those beyond the reach of traditional tools.
Conduit raises $36m Series A
Conduit, a FinTech company specialising in stablecoin-powered cross-border payments, has raised $36m in a Series A funding round.
The round was co-led by Dragonfly and Altos Ventures, with additional backing from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, and existing investors Helios Digital Ventures and Portage Ventures.
Conduit provides businesses with real-time global payment infrastructure that integrates stablecoins, USD, and local currencies. Its platform is designed as an alternative to the SWIFT network, offering faster, more affordable, and programmable transaction capabilities.
Rillet lands $25m Series A
Rillet, a FinTech company specialising in AI-native ERP (enterprise resource planning) systems for finance teams, has raised $25m in Series A funding.
The round was led by Sequoia Capital, with additional backing from First Round Capital, Creandum, Susa Ventures and notable angel investors including Ron Gill, former CFO of NetSuite, and Lee Kirkpatrick, former CFO of Twilio. The announcement comes just ten months after Rillet’s previous fundraise.
FinTech startup OpenFX secures $23m
OpenFX, a FinTech company focused on transforming global financial infrastructure, has emerged from stealth with $23m in initial funding.
The company, founded by serial entrepreneur Prabhakar Reddy, aims to radically improve cross-border payments through real-time FX settlement capabilities.
The $23m round was led by Accel and supported by NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3, and several strategic FinTech investors. The backing reflects strong confidence in OpenFX’s mission to tackle inefficiencies in the $200tn annual FX market.
B2B FinTech platform Qashio raises $19.8m
Dubai-based Qashio, a B2B spend management platform, has closed a $19.8m funding round as it sets its sights on entering the Saudi Arabian market.
The company, which operates across 22 countries including the UAE, UK, and parts of Europe, is preparing to expand its footprint in the Gulf region with the support of new capital, according to a report from Wamda.
The round comprises both equity and non-equity financing and was led by existing backer Rocketship.
Palla secures $14.5m
Palla, a cross-border payments FinTech based in the US, has secured $14.5m in a Series A funding round aimed at scaling its international payments platform.
The round was led by Revolution Ventures, with support from Y Combinator, Ardent, Cowboy Ventures, Dash Fund, Uncommon Capital, Meta Fund, Evolution VC, First Check Ventures, Vitalize, and DeepWork Capital. Revolution Ventures managing partner David Golden and Heidi Miller, former president of JPMorgan International, will join Palla’s board as part of the raise.
Founded to address the complexity of traditional cross-border transfers, Palla provides financial institutions and FinTechs with tools to embed real-time international payment capabilities directly into their existing platforms.
Saudi FinTech Stitch raises $10m
Stitch, a Saudi Arabia-based FinTech company, has raised $10m in seed funding to support its mission of transforming how financial and non-financial institutions build banking and payment products.
The round attracted backing from investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. It also saw participation from family offices and industry veterans such as Marqeta founder Jason Gardner and Abdulmalik AlSheikh, a key figure in building Saudi Arabia’s payment networks mada and Sadad.
Founded in 2022, Stitch operates as a unified infrastructure platform enabling institutions to build, launch, and scale financial services quickly and efficiently.
AI bookkeeping FinTech Uplinq raises $10m
Uplinq, a US-based FinTech company that offers AI-powered bookkeeping and tax solutions for small and medium-sized businesses (SMBs), has announced the close of a $10m Series A funding round.
The investment was led by Next Coast Ventures, with participation from AZ-VC, Live Oak Ventures, and returning backers.
Uplinq specialises in automating financial operations for SMBs, a sector often burdened by inefficient, manual bookkeeping and tax compliance processes. By using artificial intelligence, the platform simplifies tasks such as transaction categorisation, reconciliation, and predictive reporting. This end-to-end automation delivers enhanced accuracy and real-time insights to help business owners make strategic decisions.
AI bookkeeping start-up Outmin raises €4m
Outmin, an intelligent bookkeeping FinTech based in Dublin, has raised €4m in fresh funding as it looks to scale its AI-driven platform for accounting firms across Ireland and the UK.
The investment round was led by Praetura Ventures through its Praetura EIS Growth Fund and NPIF II – Praetura Equity Finance, which it manages on behalf of the Northern Powerhouse Investment Fund II.
Outmin offers a fully automated bookkeeping solution designed to eliminate manual data entry and streamline financial data production for accounting firms and SMEs.
Unbound secures $4m
Unbound, a cybersecurity startup helping enterprises safely adopt generative AI tools, has raised $4m in an oversubscribed seed round.
The funding was led by Race Capital with participation from Wayfinder Ventures, Y Combinator, Massive Tech Ventures, and notable angel investors including Ram Shriram and Dr John Brownstein.
Unbound’s AI Gateway gives IT teams visibility and control over AI usage, preventing data leaks, managing costs, and allowing safe model deployment.
Cybersecurity mesh platform Naoris Protocol bags $3m
Naoris Protocol, a blockchain and cybersecurity infrastructure company, has raised $3m in a strategic round.
The funding was led by Mason Labs, with additional backing from Frekaz Group, Level One Robotics and Tradecraft Capital.
Naoris Protocol offers a decentralised cybersecurity mesh that protects blockchain and enterprise systems from the lowest level up. Its plug-and-play platform uses post-quantum cryptography and AI and operates without the need for a hard fork.
FinTech FUTR secures $1.25m
FUTR Corporation, a FinTech firm developing an AI-powered consumer platform focused on data monetisation and intelligent payments, has closed a $1.25m financing round.
The capital was raised through a non-brokered private placement involving the issuance of 6,250,000 units at $0.20 per unit.
Anti-cheat FinTech PlaySafe ID bags $1.12m
PlaySafe ID, a digital identity platform designed to improve safety and accountability in online gaming, has raised $1.12m (€1m) in pre-seed funding.
The investment round was led by Early Game Ventures, with additional backing from Hartmann Capital and Overwolf. The new capital will support PlaySafe ID’s rapid expansion and help integrate its technology into more gaming platforms, as the company sets its sights on onboarding over 250,000 users in the near future.
FinTech startup Husk secures €1m
Husk, a Belgian FinTech company focused on building a modern financial platform for startups, has secured €1m in a pre-seed funding round.
The funding was backed by Techstars, Birdhouse Ventures, NewSchool.vc, and several angel investors. This marks a significant step in Husk’s journey to provide better financial infrastructure tailored to startup needs across Europe.
Founded to address the gaps left by traditional financial institutions, Husk delivers a platform that blends payment services with financial insights and real-time controls.
Belgian FinTech Auditstage lands €750k
Belgian start-up Auditstage, an emerging player in the AuditTech sector, is developing an AI-powered collaboration platform to streamline and modernise the external audit process.
The company has raised €750,000 in pre-seed funding from venture capital firm Smartfin.
Founded in 2024 by certified auditor Natalia Khamraeva, Auditstage aims to overhaul the traditional financial audit by creating a digital command centre for external audits. The platform integrates tools, workflows, and communications into one AI-native environment.
Crosscheck lands $450k
Crosscheck, a RegTech startup focused on revolutionising audit and certification processes, has secured $450k in pre-seed funding to expand its AI-driven compliance platform.
The round was backed by global investors Tenity and Dnipro VC, alongside several angel investors and strategic partners.
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