FinTech funding falls to $220m on slow week for the sector

August 15, 2025

The global FinTech sector pulled in a total of $219.95m across 14 funding rounds this week, marking a noticeably slower period for deal activity compared to recent weeks.

Leading the week’s activity was Smart, a UK-based WealthTech specialising in global retirement savings technology, which secured a €69.4m credit facility (approximately $76.3m). The financing will support its expansion and enable it to capitalise on consolidation opportunities in the UK pensions market.

The second-largest raise came from 1Kosmos, a US-based RegTech focused on identity proofing and passwordless authentication, which landed $57m in Series B funding. This capital will fuel product innovation and global market expansion as the company tackles rising impersonation-based cyberattacks.

Rounding out the top three was Zodia Markets, a UK-based digital asset platform enabling institutional stablecoin trading and settlement, which raised $18.25m in a Series A round to accelerate adoption of real-time cross-border settlement.

The PayTech had a notable presence, with Transak (USA) raising $16m to grow its fiat-to-crypto infrastructure, ONERWAY (UK) securing $10m to scale its cross-border payments platform, and HoneyCoin (Kenya) closing $4.9m to expand its African payments ecosystem.

Other significant raises included Inclined Technologies (USA, $8m), which focuses on unlocking the living benefits of whole life insurance policies, and Drivepoint (UK, $9m), an AI-powered strategic finance platform for consumer brands

. Smaller yet strategically important rounds came from firms like Naluri (Malaysia, $5m) in the health and wellbeing space, Riva Money (UK, $3m) with blockchain-powered remittance infrastructure, and Cache (USA, $12.5m) targeting tax-efficient wealth diversification.

In terms of geography, the United States led with seven deals, followed by the United Kingdom with five. Kenya and Malaysia each recorded one deal, adding to the sector’s geographical diversity.

Sector-wise, Infrastructure and PayTech tied for the lead with four deals apiece, while WealthTech accounted for three deals, InsurTech for two, and RegTech for one.

While this week lacked the blockbuster equity rounds seen earlier in the quarter, the diversity of geographies and verticals, particularly the balance between payments, infrastructure, and wealth management, underscores the resilience of investor interest even in a slower funding environment.

Here are this week’s FinTech funding rounds:

Smart Pension secures €69.4m credit boost for expansion

Smart, a British FinTech specialising in global retirement savings technology, has secured a €69.4m credit facility to accelerate its expansion and take advantage of consolidation in the UK market.

According to EU Startups, the financing was arranged by CIBC Innovation Banking, acting as lead arranger and agent. Existing backers include Aquiline Capital Partners, Legal & General Investment Management, J.P. Morgan, Link Group, Natixis Investment Managers, Barclays, Chrysalis Investments, DWS Group, and Fidelity International Strategic Ventures.

Founded in 2014 by Andrew Evans and Will Wynne, Smart is a global savings and investments technology platform provider that helps employers enrol staff and manage retirement savings.

Passwordless ID firm 1Kosmos bags $57m funding

1Kosmos, a leader in unifying identity proofing and passwordless authentication, has secured $57m in Series B funding to drive market expansion and product innovation.

The round was led by Forgepoint Capital and Origami’s Oquirrh Ventures, with participation from Craig Abod, founder and president of Carahsoft, NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team. The funding also includes a $10m line of credit from Bridge Bank.

The New Jersey-based company specialises in preventing identity fraud through live biometrics, verified identity, and phishing-resistant, passwordless authentication. Its technology addresses growing concerns over impersonation-based attacks, which often exploit IT service desk account recovery processes.

Zodia Markets secures $18.25m to boost stablecoin flows

Zodia Markets, a digital asset platform focused on enabling institutional capital through stablecoins, has secured $18.25m in a series A funding round.

The investment round was led by New York-headquartered Pharsalus Capital, with additional backing from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital, and other strategic investors.

Founded in 2021 by Usman Ahmad and Nick Philpott, Zodia Markets has received ongoing support from its inception from SC Ventures, the innovation arm of Standard Chartered Bank, and OSL Group, a leading digital asset company in Asia.

The company’s platform merges institutional-grade wholesale finance capabilities with the always-on accessibility of digital assets, making it a key player in stablecoin-enabled transactions across multiple currencies and regions.

Stablecoin infrastructure firm Transak secures $16m

Transak, a global provider of fiat-to-crypto infrastructure, has secured $16m in strategic funding to accelerate its growth in the stablecoin payments market.

The investment round was led by Tether and IDG Capital, with backing from Primal Capital, 1kx, Protein Capital, CEiC, KX VC, 3KVC, Genting Ventures, Fuel Ventures and Umami Capital.

Founded to bridge the gap between traditional finance and digital assets, Transak enables users in more than 75 countries to convert between fiat and cryptocurrencies, including stablecoins, via local payment methods, bank transfers, cards and virtual IBANs through a single API. Its services are used by over 450 applications and cater to both retail and institutional clients. The company has processed more than $2bn in transaction volume, with nearly 30% coming from stablecoin flows.

The new funding will be used to expand Transak’s stablecoin payments stack, enhance its compliance and infrastructure capabilities, and scale its operations into new regions. Expansion plans target the Middle East, Latin America and Southeast Asia, complementing its existing regulated operations in the US, UK, EU, Canada, Australia and India.

Wealth platform Cache raises $12.5m Series A funding

Cache, a U.S.-based wealth management platform specialising in tax-efficient diversification solutions for investors with concentrated stock positions, has secured $12.5m in Series A funding.

The investment round was led by Bill Trenchard at First Round Capital, with participation from solo investors from across the technology and finance sectors.

Founded to address the limited options available to those with large, single-stock holdings, Cache offers a modern take on exchange funds—investment vehicles that allow investors to swap concentrated stock positions for diversified portfolios while deferring capital gains taxes.

The company plans to use the fresh funding to expand its platform capabilities, grow its team, and broaden its range of benchmarked exchange funds. This will support its ambition to become the go-to solution for managing concentrated equity positions across a range of investor profiles, from startup employees and founders to family offices and wealth advisers.

Global payments firm ONERWAY raises $10m Series A+

UK-founded ONERWAY, a global payments infrastructure provider, has raised $10m in a Series A+ funding round, pushing its valuation close to $200m.

The round was led by Yunqi, with participation from all Series A investors, including Lanchi Ventures, Eminence Ventures and Enlight Growth Partners. The repeat backing signals strong confidence in ONERWAY’s mission to streamline cross-border financial transactions.

ONERWAY specialises in overseas corporate account solutions, supporting cross-border merchant acquiring, global payouts and card issuance. Its services are used by top e-commerce platforms, leading gaming developers and AIGC startups. The company’s network covers more than 170 payment methods in 110 currencies, with seven global offices serving over 60 countries and regions.

Drivepoint secures $9m to boost AI retail finance tools

Drivepoint, an AI-powered strategic finance platform for consumer brands, has secured over $9m in fresh capital to accelerate its product innovation and expand its go-to-market strategy.

The new total includes a $7m Series A round led by Vocap Partners, alongside a previously undisclosed investment raised earlier in 2024. Returning backers Bling Capital, Vinyl VC, Las Olas Venture Capital, and Jefferies’ Family Office also took part. Additional participation came from Good Friends VC, founded by the creators of Allbirds, Harry’s, and Warby Parker, with Allbirds co-founder Joey Zwillinger personally leading the investment.

Drivepoint helps retail and consumer brands improve financial decision-making by combining spreadsheet-native flexibility with deep retail integrations and AI-powered forecasting tools. Its platform is designed to give finance teams the ability to model, plan, and make decisions in real time, enabling more accurate forecasting and stronger strategic planning.

Inclined Technologies secures $8m to boost life platform

Inclined Technologies, a digital platform specialising in unlocking the living benefits of whole life insurance policies, has closed an $8m Series B funding round.

The round was led by HSCM Ventures, with participation from Northwestern Mutual Future Ventures – the venture capital arm of Northwestern Mutual – as well as other new and existing backers, according to InsurTech Insights.

The deal values the firm above the $16.5m achieved in its Series A round in September 2022, underlining its rapid growth in the $5tn whole life insurance market.

Digital health firm Naluri raises $5m funding

Naluri, a Southeast Asian digital employee health and wellbeing provider, has raised $5m in a Series B equity round.

The funding was led by TELUS Global Ventures, via its Pollinator Fund for Good, with participation from Sumitomo Corporation Equity Asia, M Venture Partners, and others. It brings Naluri’s total Series B funding to $14m.

Naluri delivers technology-driven health programmes combining professional coaching and clinical expertise to support mental health, chronic disease management, and overall wellbeing. Its tools also provide employers and insurers with data-driven insights into the value of health improvements.

African payments platform HoneyCoin secures $4.9m funding

HoneyCoin, a fast-growing full-stack payments orchestration platform serving both consumers and businesses, has secured $4.9m in funding.

The round was led by Flourish Ventures, with participation from Visa Ventures, Lava, TLCom, Antler, Musha Ventures, 4DX Ventures, Stellar Development Foundation, James Waugh of Fire Eyes, and Vasily Shapovalov, co-founder of Lido.

Founded during the height of the COVID-19 pandemic, HoneyCoin set out to build an operating system for moving, managing and spending money tailored to the modern and future economy.

Initially focusing on creators and freelancers, it launched as a platform likened to “Gumroad for Africa, but with fiat and stablecoins” before expanding in 2021 into a broader consumer app.

Riva raises $3m to speed up global money transfers

Riva Money has secured $3m in pre-seed funding to develop blockchain-powered payment infrastructure designed to bypass traditional banking networks and enable faster, cheaper international money transfers.

The round was led by Project A, with participation from angel investors connected to Revolut, Monzo and J.P. Morgan.

The company aims to modernise B2B payments by blending blockchain and traditional payment rails, allowing each transaction to be routed in a way that optimises both cost and speed.

This dual approach enables Riva to overcome the slow settlement times and high charges still common in cross-border payments, which can take up to five days when routed through banks and intermediaries.

Woven Solutions gets boost from Falfurrias funding

Woven Solutions, a Reston, Virginia-based provider of engineering and software solutions, has received a strategic investment from private equity firm Falfurrias Management Partners.

The funding, from Falfurrias Capital Partners VI, will give Woven the resources to expand its capabilities, develop new tools, and explore acquisitions.

Woven delivers cloud-native software, DevOps, cybersecurity, and data solutions for mission-critical needs. Its offerings include AI and machine learning integration, cloud infrastructure upgrades, and cyber defence and offence. Products such as Platform+ and Lumen AI provide scalable environments and AI-powered intelligence tools for security operations.

AI data platform Alkymi secures funding from Cornerstone & Canaan

Alkymi, an AI-powered data workflow platform for financial services, has announced the completion of a strategic financing round.

The company raised an undisclosed sum in a round led by existing investors Cornerstone Investment Capital and Canaan Partners, with additional backing from SimCorp and Northwestern Mutual Future Ventures.

Alkymi’s technology helps financial institutions validate, integrate and analyse complex data sets, such as transaction notices, quarterly reports, loan agent notices and financial statements.

Using AI built for investment workflows, including machine learning, large language models and agentic AI, the platform automates processes, streamlines valuations, reduces risk and supports faster investment decision-making.

WealthTech firm Dynasty invests in Abacus in mutual funding deal

Dynasty Financial Partners, a provider of technology-enabled wealth management solutions for independent financial advisers, has entered into a strategic deal with Dynasty Financial Partners, an alternative asset manager.

The transaction sees both companies taking minority stakes in each other to strengthen their partnership and align for future growth.

The value of the investments has not been disclosed..

Abacus operates within Dynasty’s network of independent firms, benefiting from access to the company’s integrated technology platform, services, turnkey asset management programme, digital lead generation, capital solutions, and investment banking capabilities.

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