There was only a grand total of $182m raised across FinTech deals this week in what represented a slowdown in deals as FinTech funding remains patchy.
The leading funding raise this week was found in the financial infrastructure space, with Rain bringing in $58m.
It was a strong week for financial infrastructure and PayTech firms, with both industries seeing four deals a piece. Lending firms brought in three deals, InsurTech made up two, whilst there was one WealthTech and CyberTech deal.
The US dominated the deal list this week, securing nine of the 15 deals. UAE secured two, whilst India, Germany, Singapore and Australia all brought in one deal.
In other news, the WealthTech sector suffered a bump in H1 in the US market, with deals falling 68% year-on-year.
Funding followed a similar downward trajectory, with total investment falling to $1.7bn, down 68% from the $5.5bn raised in the same period last year.
Here are this week’s deals.
Rain raises $58m
Rain, the enterprise-grade infrastructure provider for stablecoin-powered payments, has raised $58m in a Series B funding round.
The round was led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. This latest investment brings Rain’s total funding to $88.5m, following its Series A just five months ago.
The company operates a vertically integrated platform that enables businesses to embed stablecoins into products and operations using a single API.
Embedded investing firm Atomic bags $30m
Atomic, the New York-based embedded investing platform, has secured $30m in growth funding to accelerate its global expansion and regulatory reach.
The funding round was led by Aquiline and Brewer Lane, with participation from Intuit, Nationwide Ventures, Erie Strategic Ventures, Samsung Next, Appia Ventures, and existing backers QED Investors, Anthemis, and Y Combinator.
Atomic enables financial institutions, FinTech firms, and consumer brands to integrate investing and wealth management services directly into their platforms. By separating the client-facing experience from brokerage infrastructure and regulatory obligations, the company allows partners to embed investment capabilities in weeks.
UAE-based Holo bags $22m
Holo, a FinTech platform reshaping the home-buying experience in the UAE and KSA, has closed a $22m Series A funding round.
The investment round was led by Saudi Arabia’s Impact46, alongside Mubadala Investment Company, with participation from Rua Growth Fund, anb seed, MoreThan Capital, Salica Oryx Fund, and Dubai Future District Fund.
Holo specialises in simplifying homeownership by connecting buyers with lenders. Its platform offers personalised mortgage solutions, powered by over 500 products from a variety of banks.
Amwal Capital backs Maalexi with $20m facility
Maalexi, a next-generation B2B food and agri FinTech platform, has secured a shariah-compliant credit facility worth up to $20m from Amwal Capital Partners (ACP), an independent firm specialising in alternative investments across the MENA region.
The agreement begins with a $5m tranche designed to help Maalexi scale operations and strengthen food security efforts across the UAE and Saudi Arabia, according to a report from Wamda.
The funding will also support thousands of SMEs seeking to join the platform and contribute to its growth trajectory.
InsurTech firm COVU bags $16m
COVU, the AI-native operating system for insurance, has raised $16m in fresh capital through a mix of equity and growth financing. The round brings its total funding to about $50m.
COVU, the AI-native operating system for insurance, has raised $16m in fresh capital through a mix of equity and growth financing.
The California-based InsurTech provides independent agencies with technology and services including CRM, marketing tools, licensed support, and access to carriers, according to the Coverager.
The round brings its total funding to about $50m.
Central bags $8.6m
Central, the first autonomous back-office platform for startups, has raised $8.6m in a seed funding round led by First Round Capital.
The round also saw participation from Y Combinator, Ritual Capital, Multimodal Ventures, Alumni Ventures, Surgepoint Capital, and several prominent founders, including Zeus co-founder and CEO Kulveer Taggar, WayUp co-founder and CTO JJ Fliegelman, and WePay co-founder and CPO Richard Aberman.
The company, founded to help startups avoid time-consuming operational tasks, provides an AI-first solution to payroll, HR, accounting, taxes, benefits, and compliance.
Sequifi raises $6.7m
Sequifi, a workforce technology platform for the essential home services sector, has secured $6.7m in seed funding to accelerate its product development and expand its reach across new market segments.
The funding round was led by Cervin Ventures, with contributions from Frazier Group and Tokyo Black.
The investment comes at a time when the home services industry, spanning pest control, solar, HVAC, mortgage, landscaping, fibre, roofing, plumbing, and electrical services, is growing rapidly but struggling to retain skilled workers.
Kira raises $6.7m
Kira, a global payments infrastructure platform specialising in embedded financial solutions powered by AI and stablecoins, has closed a $6.7m seed funding round.
The round was led by Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Ventures, Credibly Neutral Ventures, Michael Seibel, and Oso Trava.
Kira provides the infrastructure enabling companies to launch FinTech products quickly and at scale, particularly in emerging markets. Its platform integrates AI-driven payments, treasury automation, compliance workflows, and global payouts, allowing enterprises and startups to deliver modern financial services seamlessly.
Send Payments secures $5m
Send Payments, a Sydney-based cross-border enterprise payments provider, has raised $5m AUD to support the growth and development of its enterprise payments platform.
The funding round saw participation from new investor iPartners, alongside existing investors Regal Funds Management and Kelly+Partners Investment Office.
Send Payments’ platform aims to remove the complexity of global transactions for enterprise clients, offering businesses a seamless way to embed cross-border payments into their existing offerings.
Payment Labs secures $3.25m
Payment Labs, a global FinTech startup specialising in complex payment solutions, has successfully closed a $3.25m seed funding round.
The round was led by Aperture Venture Capital with participation from Capital Eleven, ESPMX, and other investors.
The company, co-founded by Han Park and Ronak Desai, provides a purpose-built SaaS platform designed to handle intricate payment processes across industries such as sports, esports, and the creator economy.
TurnKey Lender secures funding
TurnKey Lender, a provider of AI-powered, cloud-based lending automation solutions headquartered in Austin, Texas, has secured growth investment from private equity firm Sundance Growth.
The size of the funding round was not disclosed. The investment will accelerate TurnKey Lender’s plans to scale and strengthen its capabilities across the banking and embedded lending sectors.
TurnKey Lender offers a unified, no-code/low-code SaaS platform that digitises the entire loan lifecycle, covering origination, underwriting, compliance, servicing, and collections.
Cross-border payments firm Tazapay secures funding
Tazapay, a global cross-border payments infrastructure provider, has closed its Series B funding round.
The round secured backing from major investors, including Peak XV Partners, Ripple, Circle Ventures, Norinchukin Capital, and GMO VenturePartners. Existing investors such as Peak XV Partners, January Capital, and ARC180 also participated in the round.
The company, which processes more than $10bn in annualised payment volume and is already operationally breakeven, supports global enterprises with local collection and payout services in over 70 markets.
RedMimicry secures seed funding
RedMimicry, a start-up specialising in realistic cyberattack simulations, has raised seed funding to accelerate its growth and technology development.
The round was led by High-Tech Gründerfonds (HTGF) with support from Capital Square, superangels in Munich, and several business angels. The amount raised was not disclosed.
Founded in 2023 by Alexander Rausch and Stefan Steinberg, RedMimicry helps companies test their cyber defences under real-world conditions, meeting regulations such as DORA and NIS-2. Its platform identifies weaknesses in processes, technology, and collaboration, enabling organisations to strengthen security and reduce costs.
