It proved to be another slow week in the world of FinTech deals, with just 16 closed and $619m raised collectively.
This follows last week, which saw just $220m raised across 14 funding rounds. Summer holidays have seemed to impact the amount of deals completed in August, compared to July, which saw much higher activity and size of deals. For instance the final week of July saw $1.4bn raised across 34 deals.
However, the total capital raised this week is likely much higher than $619m, due to Databricks not disclosing the size of its Series K. The San Francisco-headquartered Data and AI company announced this week that it had closed its Series K funding round, with the deal putting its valuation over $100bn.
With this in mind, Ontic held the title for the biggest deal of the week. The CyberTech company raised $230m in its Series C round, which was led by funds managed by KKR, alongside JMI Equity, Silverton Partners, Ridge Ventures and Ten Eleven Ventures. The US-based company provides security teams with tools to detect threats, manage incidents and streamline risk intelligence across enterprises.
The second biggest deal of the week was raised by Turkish WealthTech company Midas. The retail investing company secured $80m for its Series B round and plans to use these funds to support the roll out of derivatives trading across both Turkish and US equities. Moving to the third biggest deal of the week, this was closed by US RegTech company IVIX, which netted $60m for its Series B.
In terms of geography, the US accounted for the majority of deals. The country houses ten of the 16 FinTech companies to raise funds this week. These are Ontic, IVIX, Priority, Upstage, Casca, Basic Capital, Verdata, Infinity Loop, Databricks and Reclu.
The UK was the only other to record multiple deals this week. These were Bumper, Innerworks and Archax. Closing off the week of deals were Turkey (Midas), Israel (Seemplicity) and Mongolia (AND Global).
The UK’s FinTech sector has been in decline since the heights of 2021 and 2022. Total annual funding in 2022 reached a colossal $26.4bn across 1,249 deals and has slowly declined since then, with 2025 not looking likely to break the trend.
In the first six months of the year investments fell by 28% YoY, with funding sitting at $2.9bn compared to H1 2024’s $4bn. The number of deals completed has also dropped by 34%, going from 194 deals to 129. For more insights about the UK’s FinTech funding in H1 2025, read the reseach here.
While the geography was dominated by one country, the distribution between sectors proved far more balanced. CyberTech and WealthTech led the charge with three deals apiece. The CyberTechs were Ontic, Seemplicity and Innerworks, while the WealthTechs were Midas, Basic Capital and Archax.
Following close behind with two deals were RegTech (IVIX and Verdata), PayTech (Priority and Bumper), marketplace lending (Casca and AND Global) and data & analytics (Infinity Loop and Databricks).
Finally, there was one deal each for infrastructure and enterprise software (Reclu) and InsurTech (Upstage).
A recent report from FinTech Global found that the UK dominated European WealthTech in H1 2025, attracting almost half of the deals. the UK completed 38 deals in the WealthTech sector, a 45% share, but this was also a decline from H1 2024 where the UK housed 84 deals.
Overall the European WealthTech sector saw a significant drop in H1, with deal activity 71% lower YoY and funding was down 71%. For more insights about the European WealthTech market in H1 2025, read the report here.
Here are the 16 FinTech funding rounds covered by FinTech Global this week.
Ontic secures $230m to boost AI security platform
Ontic, the Texas-based connected security intelligence platform, has raised $230m in a Series C round led by funds managed by KKR, alongside JMI Equity, Silverton Partners, Ridge Ventures and Ten Eleven Ventures.
Founded in 2017, Ontic provides security teams with tools to detect threats, manage incidents and streamline risk intelligence across enterprises, including Fortune 50 companies in sectors like technology, finance and consumer goods.
The new capital will expand Ontic’s AI capabilities for faster threat detection and automation, support international growth, and enhance its platform for enterprise and public sector clients.
Ontic’s system brings together internal data from HR, IT and legal teams with external intelligence feeds, helping security teams move from reactive operations to proactive threat management while reducing manual work and improving efficiency.
Turkish FinTech Midas secures $80m Series B investment
Midas, an Istanbul-based retail investing startup, has secured $80m in a Series B funding round, marking the largest investment to date in a Turkish FinTech.
The round was led by QED Investors, with participation from the International Finance Corporation, HSG, QuantumLight founded by Revolut’s Nik Storonsky, Spice Expeditions LP, George Rzepecki, Spark Capital, Portage Ventures, and Bek Ventures, according to Finextra.
Founded in 2020, Midas provides a digital investment platform that offers customers access to Borsa Istanbul, US stock markets, mutual funds and cryptocurrencies through a single app. The firm has grown rapidly, now serving 3.5m customers across Turkey.
The company intends to use the capital, which brings the company’s total funding raised to more than $140m, to expand its product suite for more sophisticated investors.
Having recently introduced margin investing, advanced analytics and its Midas Pro service, the firm now plans to roll out derivatives trading across both Turkish and US equities.
Alongside its expansion plans, Midas said it will also use the fresh capital to further strengthen its technology infrastructure and security standards as it builds what it calls a “comprehensive ecosystem” for retail investors.
IVIX secures $60m to expand AI fight against financial crime
IVIX, an AI-powered platform focused on helping governments combat financial crime at scale, has raised $60m in a Series B funding round.
The company, which uses large language models (LLMs), advanced graph analytics and publicly available data, is headquartered in New York with offices across Europe, South America, Asia and the U.S.
The round was led by O.G. Venture Partners (OGVP) with further backing from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital and Cerca. This latest investment brings the company’s total funding to $85m.
IVIX provides governments with technology designed to illuminate hidden financial activity and disrupt illicit networks. Its AI solution helps law enforcement agencies identify offshore assets, shell companies, money laundering schemes and other forms of financial crime. To date, the company has supported authorities across the U.S., Europe and Asia, enabling them to uncover billions of dollars in illicit transactions and assets.
With the fresh funding, IVIX intends to expand research and development capabilities and drive broader adoption of its platform. The company said the investment will allow it to enhance its ability to help global authorities stay ahead of evolving challenges such as cryptocurrency anonymity, high-speed micro-transactions and the growth of global e-commerce.
The firm has highlighted how traditional financial crime investigations face major hurdles due to opaque structures like offshore accounts and layered laundering systems. These challenges are now compounded by modern technologies and a $20tn global shadow economy. IVIX’s AI-driven approach uses open-source intelligence (OSINT) to index the internet from a financial perspective, providing insights into criminal networks that conventional tools may miss.
Payments firm Priority secures $50m financing and Boom deal
Priority Technology Holdings, a payments and banking solutions provider, has announced the acquisition of assets from Boom Commerce, alongside securing a $50m financing facility.
The US-based company focuses on streamlining how businesses collect, store, lend and send funds.
The company confirmed it had acquired revenue agreements and customer relationships from Boom, an existing reseller partner. As part of the deal, Boom’s leadership team, including CEO Sabin Burrell and COO John Hynes, will join Priority.
In addition to the acquisition, Priority has secured a $50m delayed draw term loan facility, structured to finance eligible residual and loan receivables. The facility was established in partnership with Värde Partners, which Priority said would bolster its expansion in alternative financing solutions.
Priority’s platform integrates payables, merchant services, and banking and treasury functions through what it calls a “commerce engine”. This allows businesses to improve cash flow, optimise working capital and reduce costs, while also creating new revenue opportunities.
Cybersecurity firm Seemplicity secures $50m Series B funding
Seemplicity, a cybersecurity company focused on exposure action management, has raised $50m in a Series B round.
The funding was led by Sienna Venture Capital with participation from Essentia Venture Capital and existing investors Glilot Capital Partners, NTTVC and S Capital.
Founded in 2020 by Yoran Sirkis, Ravid Circus and Rotem Cohen Gadol, Seemplicity automates the aggregation, prioritisation and remediation of vulnerabilities. Its platform reduces exposure noise by 95%, highlights the issues that matter, and automatically generates remediation tasks, giving teams more time to focus on strategic security efforts.
The new funding will be used to develop Seemplicity’s AI agents, designed to deliver personalised risk insights and proactive guidance. It will also support expansion across the US, UK and Europe, alongside further scaling of the company’s go-to-market strategy.
Enterprise AI firm Upstage raises $45m Series B bridge
Enterprise AI company Upstage, a developer of generative AI and document intelligence solutions, has raised $45m in a Series B bridge round, bringing its total funding to $157m.
The funding round was led by Korea Development Bank (KDB), Amazon, and AMD, according to InsurTech Insights.
The company intends to use the new funding to accelerate development of its Solar language model, expand adoption of its document AI suite, and support global growth across the U.S. and APAC.
This latest financing follows Upstage’s collaboration with Amazon Web Services (AWS), its preferred cloud provider.
The partnership leverages AWS’s machine learning infrastructure, including SageMaker and AWS-designed silicon Trainium and Inferentia, to advance Solar’s capabilities and deliver scalable generative AI solutions.
AI lender Casca secures $29m Series A funding
Casca, the AI-native loan origination platform founded in 2023 by banking IT experts and Stanford University AI researchers, has raised $29m in its Series A funding round.
The company has now raised a total of $33m to date.
The round was led by Canapi Ventures, a venture and growth equity firm backed by over 70 financial institutions.
Other investors included Live Oak Bank, Huntington National Bank, Bankwell Bank, Y Combinator, Peterson Ventures and Alliance Funding Group.
Casca’s platform uses responsible AI to automate and accelerate the loan application and origination process. The company claims it can fund commercial loans up to 10 times faster than other FinTechs and 30 times faster than industry averages.
The new capital will be used to scale Casca’s operations, expand its workforce, and accelerate go-to-market strategies. The company said this will make its platform available to more financial institutions.
401(k) platform Basic Capital secures $25m Series A
Basic Capital, a 401(k) platform designed to help workers achieve their retirement goals through innovative financing options, has raised $25m in a Series A.
The company raised $25m in the round, which was led by Forerunner and Lux Capital. The investment also saw support from existing backers SV Angel and Box Group, alongside high-profile investors such as Henry Kravis. New participants in this round included HOF Capital and Inspired Capital.
Basic Capital positions itself as the first and only 401(k) provider that enables participants to finance assets while also opening access to alternative investments. Its offering is aimed at modernising retirement savings, a sector it argues has seen little innovation in decades.
The fresh injection of capital will be used to accelerate adoption of its platform among employers, while also expanding the company’s team. Basic Capital intends to scale its services to reach more retirement savers across both its 401(k) and IRA products.
The firm partners with employers to provide retirement plan solutions and extends individual IRA plans to workers, with the goal of helping more Americans finance investments rather than consumption.
FinTech firm AND Global secures $21.4m Series B
AND Global, the FinTech company founded in Mongolia, has raised $21.4m in a Series B funding round to accelerate its mission of financial inclusion in the region.
The funding round was led by the International Finance Corporation (IFC), part of the World Bank Group, and AEON Financial Service, a Japanese financial group operating in 11 Asian markets.
Other participants included Marubeni Corporation, SBI Holdings, and Premium Group.
Established in 2017, AND Global provides digital lending services and FinTech solutions aimed at expanding access to finance for underserved individuals and businesses. The company operates 13 subsidiaries and employs around 250 people across offices in Mongolia, Japan, Singapore, the Philippines, and Thailand, with activities in 11 countries.
The new capital will be used to expand its AI-powered solutions and develop new tools for financial institutions supporting micro, small and medium-sized enterprises (MSMEs).
The company also intends to scale its operations across Southeast Asia.
Bumper raises £8m ($10.8m) in Series B extension to fuel growth
Bumper, a UK-based automotive FinTech firm, has raised an additional £8m in a Series B extension round, adding to its growing footprint in the digital payments and automotive services market.
The company, which provides payment and SaaS solutions for car retailers and manufacturers, marked its tenth anniversary alongside the funding milestone with a refreshed brand identity and the launch of a new website.
The extension takes the company’s total Series B investment to £20m, with continued backing from leading sector investors Autotech Ventures, Suzuki Global Ventures, Porsche Ventures, JLR’s InMotion Ventures and Shell Ventures.
Founded ten years ago, Bumper began as a provider of interest-free repair financing for car owners. It has since evolved into a comprehensive digital payments and SaaS platform designed for the automotive retailing industry, offering products to streamline dealer operations, reduce costs and improve customer experiences.
The fresh capital will be channelled into the launch of its Bumper Pro platform and AutoBI services across the UK and Europe, while also supporting strategic hiring as the company looks to scale operations.
Bumper Pro enables retailers to cut card transaction costs and automate back-office workflows, while AutoBI – acquired last year – delivers real-time intelligence tools for car retailers and OEMs.
Verdata raises $8m to boost risk intelligence tools
Verdata, a commercial risk data and analytics provider, has raised $8m in a Series A round led by Continental Investors, with 1st & Main Growth Partners, Front Porch Venture Partners, Overline Venture Capital, and industry leaders also participating.
The company delivers insights on business identity, financial stability, service reliability, and compliance through a network of over 20 million U.S. businesses, helping firms reduce fraud risks and streamline compliance.
The firm’s solutions are designed to help businesses verify identities to prevent fraud, ensure brand alignment to manage regulatory risk, prioritise high-impact workflows, and drive revenue growth with confidence. Its technology is used across sectors such as SMB lending, POS financing, commercial insurance, and embedded finance.
Infinity Loop raises $5m to expand AI contract platform
Infinity Loop, an AI-native contract intelligence platform founded by procurement experts and AI specialists, has raised $5m in a seed funding round.
The tranche was led by Glasswing Ventures and TIAA Ventures, with contributions from Plug and Play, Restive Ventures and a group of angel investors, according to InsurTech Insights.
This funding will support Infinity Loop’s go-to-market expansion as demand for AI-powered contract management continues to rise among large organisations.
Infinity Loop replaces traditional and inefficient approaches to contract management, such as spreadsheets, legacy systems or external consultants.
Its platform uses advanced machine learning to analyse current and proposed contracts, highlight underperforming terms, and suggest tailored negotiation strategies based on both vendor-specific and market-wide data. Customers report annual savings exceeding 12%, including one client who reduced costs by $19.5m in just five months.
The company intends to use the capital to scale its platform to more enterprises seeking to improve contract outcomes, streamline vendor management and unlock measurable financial benefits.
Analysts see significant potential for AI in procurement. Gartner predicts that by 2027, half of all organisations will rely on AI-native tools for supplier negotiations, while The Hackett Group highlights that reducing spend remains a top priority for chief procurement officers. Infinity Loop’s software is already deployed across financial services, consumer packaged goods and pharmaceutical sectors, delivering both cost reductions and risk mitigation.
The platform acts as an “always-on contract command centre,” automatically grading deals, providing benchmarking insights, offering real-time negotiation recommendations and performing AI-driven vendor due diligence to uncover hidden opportunities.
Cybersecurity startup Innerworks secures €3.7m ($4.3m) seed round
Cybersecurity startup Innerworks, which specialises in Synthetic Threat Intelligence, has secured €3.7m ($4m) in seed funding to expand its AI-powered fraud detection technology.
The round was led by AlbionVC, with additional backing from Digital Currency Group, Founders Capital, Firestreak Ventures (Walter Kortschak), NVTBL Ventures, Metaversal Ventures, as well as senior executives from Citi, UBS, Coinbase, Checkout.com, Apple, and Crypto.com (Cronos).
Founded in 2020 by Oliver Quie, Oscar Hayek and Tom Ryan, Innerworks has built a security platform capable of identifying synthetic, AI-generated interactions with 97% accuracy. The system has already been tested in national infrastructure defence, collaborations with major digital asset platforms, and investigations into some of the largest cryptocurrency breaches on record.
The company intends to use the new capital to scale its platform, broaden its reach, and strengthen its defences against increasingly sophisticated AI-led cybercrime. Innerworks positions itself as a vital security layer for the internet, describing its technology as the “immune system” for digital ecosystems.
In 2024 alone, an estimated €184bn was lost to bot-driven attacks, while fraud attempts using deepfakes have risen by over 2,000% since 2022. Innerworks’ platform distinguishes genuine human behaviour from AI-driven imitations, addressing what it sees as one of the fastest-growing threats online.
A central feature of Innerworks’ offering is RedTeam, a digital asset-bounty programme that enlists ethical hackers and AI agents globally to test and expose weaknesses in the system. The company says this approach provides real-world data to refine its defences. The solution integrates easily with client applications, requiring minimal code and operating silently in the background. It has already been deployed to uncover malicious activity linked to a €1.38bn hack attributed to North Korean operatives.
Databricks secures Series K at $100bn+ valuation
Databricks, the San Francisco-headquartered Data and AI company, has confirmed it is raising a Series K investment round that values the firm at more than $100bn.
The company has signed a term sheet and expects to close the deal soon with support from existing investors.
The new capital will fuel Databricks’ ambitious AI strategy, backing the expansion of its recently launched Agent Bricks platform, further development of its Lakebase database offering, and international growth.
The company also plans to use the funding to pursue AI-focused acquisitions and to strengthen its research capabilities.
Databricks specialises in providing enterprise data and AI solutions through its Data Intelligence Platform, which is designed to help organisations harness data for analytics, AI applications, and intelligent agents. The platform, which is built on an open source foundation, supports more than 15,000 customers globally, including major names such as Block, Comcast, Rivian, Shell and over 60% of the Fortune 500.
The firm has recently introduced Agent Bricks, a tool for building high-quality production AI agents optimised for enterprise data, and Lakebase, a new type of operational database based on Postgres. These developments are intended to position Databricks at the forefront of the next wave of enterprise AI adoption.
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