A $1bn Series K round for Databricks headlined a red-letter week for FinTech, with investors pouring nearly $1.8bn into 26 deals worldwide.
The San Francisco-based data and AI giant, now valued at more than $100bn, set the pace with backing from Andreessen Horowitz, Insight Partners, Thrive Capital and others, underscoring the surging rise of artificial intelligence.
The week’s funding spree was marked by several other blockbuster raises. Earnix, the Israeli InsurTech known for applying AI to insurance and banking, pulled in $290m, while US-based Aven secured $110m to scale its home equity-backed credit card business.
In Europe, Amsterdam’s Factris landed a €100m facility to grow its SME factoring platform, and US insurer Kin added $50m to expand its digital homeowners’ coverage.
Israeli cyber player Koi also made headlines with a $48m Series A to push its endpoint security technology.
Subsector winners
CyberTech stood out as the busiest subsector, with nine companies raising more than $140m in disclosed funding.
From early-stage start-ups like AegisAI and Aurva to scale-ups such as TENEX and Red Access, investors showed strong conviction in security tools built for an AI-driven world.
PayTech also drew substantial interest, tallying seven deals worth almost $281m. Highlights included Italy’s Tot, South Africa’s Float, Lithuania’s Kashimi, and US players Highbeam and Aven, all of which are tackling pain points in payments and credit access.
InsurTech was another bright spot, recording five deals and $359m in capital, led by Earnix and Kin, alongside LightSpun’s $13m raise and Parento’s $5.9m seed extension.
Elsewhere, WealthTech saw smaller but noteworthy rounds, including Australia’s Marloo ($2.7m) and iCapital’s undisclosed investment. RegTech was represented by London-based Eloquent AI, which closed a $7.4m seed.
Geographical landscape
The United States once again dominated, with 11 companies securing funding across almost every subsector.
Israel followed with three major deals — Earnix, Koi and Red Access — collectively worth more than $350m.
Europe contributed strongly too, with rounds in Italy, the Netherlands, Lithuania and the UK, while Australia, South Africa, India, Canada and the UAE each notched a single deal, underscoring the global reach of investor appetite.
Here are this week’s FinTech funding rounds:
Databricks secures $1bn funding at $100bn valuation
Databricks, the San Francisco-headquartered data and AI company, has announced it has secured fresh investment while reporting major growth milestones across its business.
The firm confirmed it is closing a $1bn Series K funding round at a valuation of over $100bn.
The round is being co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management.
The company said the fresh funding will support its AI strategy, including expanding its new Agent Bricks tool, which helps enterprises build production-ready AI agents, and the launch of Lakebase, a new open source Postgres-based operational database optimised for AI agents. The capital will also back further acquisitions, expanded research, and global growth initiatives.
Earnix raises $290m from JVP and TPG
Earnix, a leading provider of dynamic AI for insurance and banking, has raised $290m in a Continuation Vehicle led by TPG GP Solutions alongside JVP.
The deal allows JVP to expand its stake in Earnix while giving early investors liquidity options.
Early JVP investors including Partners Group, HighVista Strategies, Committed Advisors, and Hollyport Capital were offered a choice to rollover or realise returns, with many opting to rollover.
Growth fund investors such as Hamilton Lane and Lexington Partners now collectively hold over 50% of the company. The transaction delivered a gross return of 8.7x to early fund investors.
The company provides a cloud-native, AI-driven platform for real-time decisioning in pricing, underwriting, and product personalisation across insurance and banking. Over 100 tier-1 insurers, including AXA, Assicurazioni Generali, Tokio Marine, Banco Santander, IAG, Toyota Financial Services, and Munich Re, use Earnix to reduce costs, increase revenue, and transform operations.
Aven secures $110m to expand ‘machine banking’ platform
Aven has closed a $110m Series E funding round at a post-money valuation of $2.2bn, more than doubling its valuation from just a year ago.
The round was led by Khosla Ventures, with continued backing from existing investors General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund.
Founded to transform access to home equity through technology, Aven built the first successful HELOC-backed credit card, which gives consumers faster, lower-cost access to credit secured against their homes. Unlike traditional home equity lines of credit, which can involve lengthy approvals and high fees, Aven’s Home Equity Card is designed to provide convenience with a premium credit card experience. The company also offers a Rewards Card, which delivers unlimited 2% cash back alongside borrowing costs up to 50% lower than standard credit cards.
The fresh capital will support Aven’s mission to create what it calls America’s first “machine banking” platform. This technology-first approach relies on automation, robotics and large-scale machine learning to drive efficiency, lower borrowing costs and expand access to asset-backed financial products.
Dutch FinTech Factris secures €100m to fuel SME financing
Factris, the Amsterdam-based FinTech specialising in SME financing solutions, has announced a major funding agreement designed to boost its European expansion.
The company has secured a €100m funding facility from Brand New Day Bank, according to a report from EU-Startups. This capital injection is earmarked for financing SME factoring across Europe, supporting sellers in nine countries and managing receivables from debtors in 27 markets, largely within the EU.
Founded in 2017, Factris provides invoice factoring services that enable businesses to turn unpaid invoices into working capital. The firm’s software platform allows companies to quickly upload invoices, which Factris can purchase in full or in part. Once invoices are sold, Factris assumes responsibility for collections and credit insurance, offering protection against insolvency and non-payment while charging only a small fee deducted from the invoice value.
The newly secured facility will be used to scale Factris’ factoring operations, providing SMEs with quicker access to liquidity and helping businesses across Europe grow without being constrained by cash flow challenges.
InsurTech Kin secures $50m Series E to expand US coverage
Kin, a Chicago-based digital home insurance provider, has completed an oversubscribed $50m Series E round, to continue its expansion across the United States.
The tranche brings Kin’s total primary equity raised to $286m and nearly doubles its valuation from $1.1bn to $2bn.
The investment was led by QED Investors and Activate Capital, with participation from both new and existing backers.
Alongside this, it secured a $200m debt facility arranged by Wellington Management, $145m of which has already been used to refinance an existing facility. Together, the equity and debt transactions result in $105m of incremental capital for the firm.
Kin focuses on using data and advanced risk analysis to offer competitively priced home insurance in areas hit hardest by natural disasters.
Endpoint security startup Koi raises $48m funding
Koi, a cybersecurity company specialising in endpoint security for the modern software stack, has raised $48m across its seed and Series A rounds.
The funding included a $38m Series A, led by Battery Ventures, Team8, Picture Capital, and NFX, with participation from Cerca Partners.
Koi is developing a new approach to endpoint protection that tackles the growing risk of unmanaged and self-installed software. Its technology applies a centralised security layer that provides visibility, risk analysis, and policy enforcement across environments where traditional endpoint detection and response (EDR) or mobile device management (MDM) tools often fail.
The company said the funding will accelerate its mission to secure what it calls the “software perimeter”, ensuring enterprises gain control over code packages, containers, extensions, AI models and other non-binary software that now make up most enterprise endpoints. The investment will support scaling operations, expanding product capabilities, and growing its customer base.
FinTech firm Highbeam raises $30m in Series A funding
Highbeam, a FinTech company building an AI-powered financial command centre for consumer brands, has secured $30m in Series A funding.
The round was led by Acrew Capital, with participation from Two Sigma Ventures, Vesey Ventures, and existing backers FirstMark and Mayfield.
Founded to address the challenges of real-time cash management, Highbeam provides businesses with a platform that actively optimises cash flow. Unlike traditional accounting methods that rely on quarterly or monthly reporting, the company’s system uses live data to guide day-to-day decision-making.
The fresh capital will allow Highbeam to accelerate product development, expand access to integrated financial products, and strengthen its AI capabilities. The company plans to roll out new features, including AI-powered finance teammates, deeper product integrations, and tailored benchmarks for consumer brands.
Rainforest raises $29m Series B for embedded payments
Rainforest, an embedded payments provider serving vertical software platforms, has closed a $29m Series B funding round.
The round was led by Matrix Partners and Infinity Ventures, with additional backing from Accel and Tech Square Ventures.
Rainforest specialises in embedded payments technology designed for vertical software platforms, aiming to simplify payment adoption while offering strong client support.
The company intends to use the latest funding to accelerate product development, expand its customer service operations, and roll out new services for Canadian merchants. Planned innovations include tap-to-phone functionality, alternative payment methods, and orchestration tools to support scalable payment adoption.
AI-native cybersecurity firm TENEX raises $27m Series A
TENEX, an AI-native cybersecurity company, has raised $27m in a Series A round.
The funding was led by Crosspoint Capital Partners, with backing from Andreessen Horowitz (a16z) and Shield Capital. Additional strategic investors are expected to be disclosed later.
The company provides a Managed Detection and Response (MDR) service that combines agentic AI, automation and human oversight. Its platform is designed to integrate with Google Cloud and Microsoft systems, delivering rapid detection, accurate triage and autonomous responses. Within six months, TENEX has surpassed $10m in revenue and signed up multiple Fortune 500 and Global 2000 customers.
The new funds will be used to grow engineering teams, expand sales and marketing operations, and enhance customer support as demand for its services increases.
EC-Council invests $20m in FireCompass to scale Agentic AI
FireCompass has secured more than $20m in funding from EC-Council, the global cybersecurity training body best known for creating the Certified Ethical Hacker (CEH) credential.
The investment forms part of EC-Council’s $100m Cybersecurity Innovation Commitment, a programme aimed at accelerating the next wave of cybersecurity technologies. With the backing, FireCompass is expected to expand its reach and further develop its Agentic AI-based platform.
The company provides a unified security solution that integrates multiple capabilities, including attack surface management, continuous threat exposure management, network and application penetration testing, red teaming, and penetration testing as a service. Recognised by analyst firms such as Gartner, Forrester, and GigaOm, FireCompass uses patented Agentic AI to replicate real-world adversaries at machine scale, detecting risks with near-zero false positives.
The new funding will be used to advance FireCompass’s technology, expand its global footprint, and embed its capabilities into EC-Council’s wider ecosystem.
Red Access secures $17m to expand agentless SSE platform
Red Access, a cybersecurity company that provides an agentless security platform for browsers, SaaS and enterprise applications, has announced the close of its Series A funding round.
The company has raised $17m in the round led by Norwest Venture Partners, with participation from Ten Eleven Ventures, SentinelOne’s S Ventures, Elron Ventures and Singtel Innov8 Ventures.
Red Access has developed a session-based approach to security designed for today’s SaaS, GenAI and hybrid environments. Unlike traditional security solutions that often require heavy infrastructure, agents or complex rollouts, its agentless platform integrates with existing environments such as firewalls, eliminating the need for costly and disruptive network overhauls.
The fresh capital will be used to accelerate U.S. expansion in 2025, while also boosting research and development. Red Access plans to strengthen its product innovation and make key hires across sales, marketing, product and engineering teams.
Email security firm AegisAI bags $13m seed round
AegisAI, a cybersecurity startup founded by former Google Safe Browsing and reCAPTCHA leaders Cy Khormaee and Ryan Luo, has announced its launch alongside a new funding round.
The company has raised $13m in seed funding, led by Accel and Foundation Capital. The investment is expected to support the company’s product development, hiring plans, and go-to-market strategy as it scales its platform.
AegisAI is focused on building autonomous AI agents designed to stop phishing, malware, and business email compromise attacks before they reach inboxes. The system aims to reduce false positives by up to 90% compared with traditional solutions.
The fresh capital will be used to accelerate engineering growth, improve the product, and help expand customer adoption of its platform. The firm intends to position its technology as a replacement for rule-based systems that often struggle against modern adversarial threats.
InsurTech firm LightSpun bags $13m in funding round
Boston-based LightSpun, an InsurTech platform formerly known as 32Health, has raised $13m in Series A funding to expand its AI-powered dental insurance administration platform.
The round was led by Brewer Lane with participation from Virtue, Cambrian, and Industry Ventures, according to InsurTech Insights.
As part of the deal, Brewer Lane’s Rohan Malhotra and Virtue’s Sean Doolan will join LightSpun’s board. The funding brings the company’s total raised to $18m.
LightSpun’s technology automates claims processing, benefits management, and provider onboarding.
The firm says its customers are reducing administrative costs by half, achieving more than 90% claims auto-adjudication, and cutting provider onboarding times from 60 days to under a week. Over 175,000 dental providers are already processed through its platform.
Hush Security bags $11m to transform machine identity
Hush Security, a company focused on secretless machine identity access, has emerged from stealth with $11m in seed funding.
The round was led by Battery Ventures and YL Ventures, and comes as enterprises seek new ways to secure machine-to-machine access in an era of agentic AI.
The company replaces legacy vaults and static secrets with just-in-time, policy-driven access controls enforced at runtime. This model is designed to eliminate the operational overhead and security risks of traditional secrets management, offering greater visibility and prevention against credential-based threats.
Hush will use the funding to grow its engineering team and expand its global go-to-market reach. Despite operating in stealth until now, it has already signed on multiple Fortune 500 customers.
Eloquent AI raises $7.4m to transform FS customer ops
Eloquent AI, a start-up building automation technology for the financial sector, has secured $7.4m in a heavily oversubscribed seed round to expand its AI Operator platform.
According to Finextra, the round was led by Foundation Capital, with backing from EJF Ventures, Duke Capital Partners, Zeno Ventures and Y Combinator. According to the company, the funding closed in just three days.
The company was founded by entrepreneur Tugce Bulut and machine learning professor Dr Aldo Lipani, with a vision of redefining how customer operations are managed across financial services. Unlike traditional chatbots or narrow AI tools, its AI Operator has been developed to handle entire workflows from start to finish, ensuring compliance and auditability throughout.
Italian FinTech Tot secures €7m to back SME growth
Tot, an Italian FinTech focused on simplifying business banking for small and medium-sized enterprises (SMEs), has raised €7m in its Pre-Series A funding round.
The company, founded to ease administrative and financial burdens for entrepreneurs, has now accumulated €11m across its Seed and Pre-Series A phases.
The funding was led by CDP Venture Capital SGR. Other participants included Azimut Group and X-Equity Venture Club Srl, both investing through funds advised by FNDX, alongside Club Deal Digital.
The Techshop, which led Tot’s earlier Seed round, and Banca Sella, a supporter since the Pre-Seed stage, also renewed their commitments. Additional backing came from a network of entrepreneurs and top managers led by Chapeau Media.
Cybersecurity start-up Geordie secures $6.5m seed round
Geordie, a cyber security start-up, has emerged from stealth with $6.5m in seed funding.
The round was co-led by Ten Eleven Ventures and General Catalyst, with participation from a number of angel investors.
Geordie has built an agent-native security platform designed to help enterprises safely deploy agentic AI. These autonomous systems can improve productivity but also bring new risks, including unpredictable behaviour and goal drift.
The company’s platform is vendor-agnostic, detecting agents across different tools and frameworks, mapping their activity and providing continual risk assessments. Its “Beam” engine guides agent decisions in real time so that they remain aligned with enterprise policies without disrupting workflows.
Parento raises $5.9m to expand parental leave insurance
Parento, the US-based provider of parental leave insurance and employee support services, has raised $5.9m in a Seed II funding round.
The round was led by ResilienceVC with participation from Kapor Capital, Bread & Butter Ventures, Operator Stack, Coyote Ventures, ffVC, Human Ventures, Springbank, Precursor, Cross Impact, K Street, Evidenced, and Avesta. This brings Parento’s total fundraising to $10.3m.
Founded in 2019, Parento claims to offer the only paid parental leave insurance product on the market, paired with leave management tools and parent coaching.
The firm said the new funds will go towards product development and hiring across sales and marketing, as well as the launch of new insurance products.
AI WealthTech Marloo secures $2.7m to transform advice
Marloo, an AI-first WealthTech firm developing digital solutions for financial advisers, has secured $2.7m in funding to accelerate its product development and expansion.
The investment round was led by Blackbird Ventures, known for backing Canva in its early days, with participation from CoVentures and a number of FinTech leaders and entrepreneurs.
Notable backers include Tom Hambrett, chief legal officer at Revolut, Sam Halse, former COO of Adyen, Philip Fierlinger, co-founder of Xero, Tom Kelly, co-founder of Heidi Health, and Warren Hogarth, co-founder of Tilt.
Marloo builds technology designed to free advisers from outdated, cumbersome systems, with a focus on AI-driven tools that streamline workflows and enhance client relationships.
South Africa’s Float raises $2.6m to fuel expansion
Float, the South African FinTech startup, has raised $2.6m in a fresh funding round.
The round was led by Invenfin, Remgro’s venture and growth capital division, alongside SAAD Investment Holdings, according to a report from Empower Africa. Float’s existing backers, including Platform Investment Partners, also participated, with Lighthouse Venture Partners joining as both an investor and strategic advisor.
Founded to provide a more responsible approach to credit usage, Float allows consumers to split larger purchases into up to 24 monthly instalments using their existing credit card limit. Unlike traditional credit offerings, the service is fee-free, interest-free and requires no sign-up, paperwork or new credit applications. Shoppers can therefore spread payments without additional borrowing, while merchants benefit from higher order values, improved conversions, and direct access to millions of pre-approved shoppers.
The new funding will be used to expand Float’s footprint in South Africa, enhance its proprietary technology, and prepare for entry into international markets. The company says this supports its “triple-digit” year-on-year growth trajectory.
Aurva bags $2.2m to secure real-time AI data access
Aurva, a data security startup founded by former Meta engineers, has emerged from stealth with a $2.2m seed round.
The company, which has developed a unified platform for access monitoring and AI observability, is positioning itself as a pioneer in securing enterprise data in real time.
The seed investment was led by Nexus Venture Partners, with participation from DeVC and several angel investors, including former Meta executives Chris Bream, Rahul Sood, Karandeep Anand, Mala Ramakrishnan, alongside Postman founders Ankit Sobti and Abhinav Asthana.
Aurva plans to use the new funding to expand its engineering team, deepen its AI observability capabilities, and meet rising demand from U.S. and global enterprises. The company already has dozens of enterprise customers, including FinTech and SaaS firms.
Kashimi raises $1.36m to expand payment infrastructure
Lithuanian startup Kashimi, a provider of alternative payment infrastructure for regulated financial institutions, has raised $1.36m in a pre-seed funding round.
The investment was co-led by Coinvest Capital and US-based Impellent Ventures, with additional backing from Plug and Play Tech Center and several international business angels, according to a report from Tech.eu. Coinvest Capital’s contribution amounted to $749,985.
Founded to simplify access to open banking rails, Kashimi operates as an infrastructure-as-a-service (IaaS) platform. Its single API allows businesses to integrate with hundreds of banks, enabling instant account-to-account (A2A) payments. The solution supports financial institutions such as banks, PSPs, lenders, digital asset wallets, remittance platforms, FX operators and treasury systems.
InsurTech Coterie receives strategic equity backing from Allianz X
Coterie Insurance, a US-based InsurTech specialising in small business coverage, has received a strategic equity investment from Allianz X, the digital investment arm of Allianz Group.
The deal is part of Coterie’s Series C round and includes plans to deepen collaboration with Allianz Reinsurance, which has supported the company since 2023, according to InsurTech Insights.
Allianz Re will provide additional reinsurance capacity to support Coterie’s growth.
Coterie’s platform enables brokers and agents to issue small and micro-commercial policies efficiently. The company plans to invest further in AI-driven underwriting and servicing to expand opportunities in the micro-commercial insurance market.
UAE PropTech PRYPCO raises Pre-Series A from General Catalyst
PRYPCO, a UAE-born PropTech firm, has raised funding in a Pre-Series A round led by General Catalyst, marking a significant milestone in its growth.
The investment represents General Catalyst’s first step into the Middle Eastern PropTech sector.
The round was led by US-based venture capital firm General Catalyst, best known for supporting global names such as Stripe, Snap, Airbnb and Ramp.
The company intends to use the latest capital to expand its suite of offerings, strengthen its regulatory partnerships and continue scaling its operations across the region.
FinTech giant iCapital invests in Tangible for liquidity push
iCapital, the global FinTech company shaping the future of investing, has announced a strategic investment in Tangible Markets, a provider of liquidity solutions for private market positions held through wealth management channels.
The two firms will partner to create scalable liquidity tools for alternative investment funds, with the new solutions expected to be available on iCapital’s platform by the end of 2025.
While the size of the investment has not been disclosed, the agreement establishes iCapital as both an investor in and partner of Tangible Markets.
The move is aimed at delivering more efficient liquidity mechanisms for wealth managers, asset managers, and institutional investors seeking to access value from traditionally illiquid holdings.
Cybersecurity firm Xiid secures new backing from Ventura
Xiid, a cybersecurity company specialising in zero knowledge networking, has secured new funding as it looks to strengthen its next phase of growth.
The firm announced a multi-million-dollar investment led by Ventura Capital, an active backer of defence technology, global financial institutions, and high-growth innovators. The round also saw participation from Cohen Circle, a venture firm co-founded by Betsy Cohen.
The latest capital injection will be used to accelerate Xiid’s growth, advance its quantum-proof security solutions, and expand the reach of its SealedTunnel™ technology.
The company said the investment will provide momentum to build on its government credentials and partnerships with enterprises, including its collaboration with consulting and technology giant Capgemini.
