As we enter Autumn, the summer draught of FinTech deals appears to be over with over $1.5bn raised across 30 deals this week.
This marks two consecutive weeks where over $1bn was raised in the FinTech sector. Last week an eye-watering $1.98bn was raised through 27 FinTech deals.
While last week’s funding was largely spearheaded by one colossal deal – CyberTech Netskope’s $908m round – this week had a larger spread of big deals. There were eight deals that exceeded $100m, with the ten biggest deals of the week raising a combined total of $1.3bn. The biggest deal of the week was a $200m growth round raised by finance automation platform Tipalti. The FinTech leverages AI-powered tools to automate key processes across procurement, supplier management, invoicing, payments, and compliance.
Close behind was the $180m funding round raised by autonomous finance and AI-powered automation company AppZen. The round, which was led by Riverwood Capital, is earmarked to accelerate the adoption of agentic AI.
Both of these deals highlight the impressive week the infrastructure and enterprise software sector had this week. It led the charge for FinTech deal activity, with a total of eight deals. Alongside Tipalti and AppZen were Ualett, Tide, zerohash, Light, PredictAP and Ayoconnect.
RegTech and PayTech were the next most popular sectors, with each recording four deals. The RegTech companies were Signal AI, InCountry, Unit 221B and OnFinance AI, while the PayTechs were Fnality, Cardless, Addi and Stablecorp.
Following behind with three deals each were CyberTech (Prelude Security, revel8 and Mycroft), WealthTech (Finary, Goodvest and Kilde) and data & analytics (Aleph, Veezoo and Elliptic).
There were two marketplace lending companies (TRIVER and erad) and two InsurTechs (Insify and Veridox). Finally, there was one PropTech deal, which was closed by MaxHome.AI.
While the US remained on its throne for FinTech deals with 11 deals, it was a diverse week with 13 countries represented.
The US housed companies were Tipalti, AppZen, Ualett, zerohash, Cardless, Aleph, Prelude Security, InCountry, Unit 221B, PredictAP and MaxHome.AI. The UK had a great week for FinTech deals, with six companies raising funds. These were Signal AI, TRIVER, Fnality, Tide, Veridox and Elliptic.
This week’s top ten deals was dominated by the US and UK, with five being from the US and four from the UK. The only other country to make the top ten was Colombia with PayTech Addi raising $50m.
France and Canada each recorded two deals this week. The French FinTechs were Finary and Goodvest, and the Canadians were Mycroft and Stablecorp.
Other countries represented this week were Saudi Arabia (erad), Denmark (Light), the Netherlands (Insify), Switzerland (Veezoo), Germany (revel8), India (OnFinance AI), Singapore (Kilde) and Indonesia (Ayoconnect).
In recent research from FinTech Global, it found that European FinTech funding fell by 29% YoY in Q2, with a total of $3.3bn raised compared with $4.6bn in Q2 2024. While the funding dipped, there was an increase in the number of deals. The European FinTech sector recorded 209 transactions, slightly higher than the 203 deals completed in Q2 2024.
Here are the 30 FinTech deals covered on FinTech Global this week.
FinTech firm Tipalti secures $200m growth financing
Tipalti, the California-based FinTech specialising in finance automation, has secured $200m in growth financing.
The round was backed by Hercules Capital, which has been a long-term partner of the company. The fresh injection of funds will help Tipalti accelerate its investment in artificial intelligence (AI), continue product innovation, and support international expansion.
Founded with a focus on streamlining finance operations, Tipalti offers an AI-powered platform that automates key processes across procurement, supplier management, invoicing, payments, and compliance. Its solutions are widely used by finance teams to reduce manual workloads, generate actionable insights, and maintain strong regulatory controls.
The newly secured funds will be directed towards strengthening Tipalti’s AI-driven capabilities and further scaling its global presence. The company said it plans to expand the breadth of Tipalti AI by embedding context-aware AI agents across its product suite, enabling finance teams to increase productivity and focus on more strategic tasks.
Tipalti recently acquired Statement, an AI-native treasury automation startup, as part of its push to build a new generation of finance tools. Alongside the financing announcement, the firm unveiled a major upgrade to Tipalti AI, introducing advanced agents for reporting, tax form scanning, purchase requests, and branded onboarding experiences. These updates are designed to reduce repetitive tasks and provide finance teams with instant visibility into key workflows.
AppZen secures $180m to scale autonomous finance AI
AppZen, a FinTech company specialising in autonomous finance and AI-powered automation for global enterprises, has raised $180m in fresh funding.
The growth round was led by Riverwood Capital, a technology-focused investment firm known for scaling innovative businesses. As part of the deal, Riverwood Capital co-founder Francisco Alvarez-Demalde and partner Alex Porto have joined AppZen’s board of directors.
AppZen provides an AI-native platform designed to automate finance workflows. Built on proprietary ZenLM models and the Mastermind AI Automation Platform, the company’s agentic AI technology streamlines expense management, accounts payable and corporate card operations. More than 500 organisations worldwide, including over 65 Fortune 500 companies, use the platform to cut costs, reduce fraud, and ease compliance across complex financial environments.
The latest capital injection will be used to accelerate adoption of agentic AI, with AppZen aiming to convert standard financial processes into digital co-workers that can perform more than half of manual finance tasks. The company said this will help enterprises scale operations without increasing headcount or relying on outsourcing providers.
AppZen has reported that its technology has already delivered more than $2bn in savings for clients, enabling finance teams to shift two-thirds of their manual workload into higher-value activities. Its solutions support multi-entity and multi-currency operations in more than 60 countries and across 40 languages.
Risk and reputation firm Signal AI bags $165m funding round
FinTech lender TRIVER secures £114m ($152.8m) to boost SME finance
London-based FinTech firm TRIVER, which provides cash flow finance solutions for small businesses, has raised up to £114m to expand its services in the UK.
The new financing combines £14m in Series A equity funding and a substantial debt facility. The equity round was led by AlleyCorp, with participation from Axeleo Capital, Inkberry Ventures, Stride VC and others.
HSBC Innovation Banking UK has committed £35m in debt financing, with the potential for a further £35m subject to approval, while Avellinia Capital has extended its facility to £30m.
TRIVER specialises in providing instant access to working capital by advancing payments on client invoices. The company uses Open Banking data and artificial intelligence to automate risk assessment, allowing businesses to set up a facility in under 10 minutes and receive funding on invoices in less than five minutes.
Founded in 2023 by Jerome Le Luel, former Funding Circle chief risk officer and Barclays’ global head of risk analytics, TRIVER already counts 1,500 clients. Since its launch it has funded more than 17,000 invoices worth £180m and achieved a Net Promoter Score of 94, indicating high levels of customer satisfaction and repeat use.
FinTech platform Ualett secures $150m debt facility
Ualett, a financial technology platform serving independent workers across the United States, has secured a $150m debt facility from Thiele Capital Management.
The credit line, which runs for three years, will allow Ualett to step up its go-to-market strategy and broaden its customer base within the fast-growing gig economy.
Founded to address the financial needs of independent contractors, Ualett provides cash advances to rideshare drivers, couriers, and other 1099 workers. Its service operates without credit checks, hidden fees or traditional loan structures, instead using real-time earnings verification to assess eligibility. This approach is designed to improve financial access for workers who are often excluded by mainstream systems.
The fresh capital will be deployed to deepen Ualett’s presence in underserved regions and expand its offering to new categories of gig workers. The company said the facility would help accelerate its growth trajectory and enable it to roll out more products tailored to the needs of independent workers.
Fnality raises $136m to expand blockchain settlement systems
Fnality, a financial market infrastructure firm that operates next generation wholesale payment systems regulated by central banks, has raised $136m (£99.7m) in a Series C funding round.
The round was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with participation from existing investors Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq Ventures, State Street and UBS.
Fnality is building a global settlement network underpinned by distributed ledger technology, designed to connect wholesale markets with the growing world of tokenised institutional assets.
The company launched the Sterling Fnality Payment System in the UK in December 2023 and is now working to broaden its network to cover more currencies, improve liquidity management, and provide interoperability for innovations including stablecoins and tokenised deposits.
Tide raises $120m from TPG at $1.5bn valuation
Tide, the UK-based business management platform for small and medium-sized firms, has secured fresh backing as it continues its rapid growth across Europe and beyond.
The company confirmed it has raised more than $120m in a funding round led by TPG, with support from existing backer the Apax Digital Funds. The deal pushes Tide’s valuation to $1.5bn.
Founded in 2017, Tide offers an all-in-one digital platform designed to simplify and connect the day-to-day financial and administrative needs of small businesses. Its services span accounting, expense management, payroll, payments, business accounts, credit solutions, and sales tools such as website building.
The new investment will be used to accelerate Tide’s international expansion, strengthen its product pipeline, and scale its investment in agentic AI.
Interactive Brokers backs zerohash $104m raise
zerohash, a digital asset and stablecoin infrastructure platform founded in 2017, has reached unicorn status after completing a fresh capital raise.
The company secured $104m in its Series D-2 funding round, led by Interactive Brokers. Major investors also took part, including Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures. Existing backers PEAK6, tastytrade, and Nyca Partners also supported the round, which represents one of the largest private raises in the sector this year.
zerohash builds regulatory-compliant infrastructure that enables businesses to integrate digital asset, stablecoin, and tokenised asset solutions into their platforms. Its API and developer tools allow companies to launch services in areas such as trading, cross-border payments, remittance, payroll, and tokenisation.
The company supports clients across 190 countries and powers solutions for major names including Stripe, Shift4, DraftKings, Franklin Templeton, BlackRock’s BUIDL Fund, and Interactive Brokers itself.
The firm said the new funding will be used to accelerate product expansion, grow its workforce, and strengthen its position as a backbone of on-chain innovation for financial institutions.
Credit card platform Cardless raises $60m Series C
Colombian FinTech Addi secures $50m debt funding
Addi, the Colombian commerce and financial platform, has announced the completion of a $50m upsize to its existing credit facility with Victory Park Capital.
The funding was provided through Victory Park Capital, with the incremental commitment coming from funds managed by Neuberger. This deal marks Neuberger’s first-ever credit investment in Colombia.
Founded in 2018, Addi has positioned itself as a key player in consumer financing, providing services to both consumers and merchants. The company has built a dual-sided ecosystem, now serving 2.5m people and over 27,000 merchants, including global names such as Apple, Adidas, Movistar, Alkosto and Exito, alongside a strong base of local small and medium-sized businesses (SMBs).
Saudi FinTech erad secures $33m debt funding
Erad, the Riyadh-based FinTech specialising in alternative financing for small and medium-sized enterprises, has closed a fresh debt financing round to strengthen its regional expansion.
According to Wamda, the company secured $33m in debt funding, with the round led by Stride Ventures. The venture firm, which recently doubled its team size in the Gulf, also achieved the first close of its ADGM Fund V. Additional investors also took part in the raise, which was finalised during the Money 20/20 conference in Riyadh.
Erad provides Shariah-compliant financing solutions for SMEs across the Gulf, using proprietary data modelling to streamline risk assessment and deliver approvals in as little as 48 hours. The platform has positioned itself as a growth partner for businesses operating in sectors such as retail, food and beverage, healthcare and e-commerce.
The fresh capital will be directed towards scaling Erad’s presence in Saudi Arabia and the UAE, while also meeting rising demand for SME financing across the wider GCC.
The company said the funding is central to its mission of narrowing the region’s estimated $250bn SME credit gap by offering faster and more flexible financing options. Since launching, Erad has deployed over $50m in financing to regional SMEs, with demand exceeding $532m in requests from recognised Saudi and Emirati brands.
AI finance platform Light raises $30m Series A
Light, the AI-native finance platform founded in 2022, has secured $30m in fresh funding as it continues to disrupt traditional enterprise finance systems.
The company, known for building an entirely AI-driven finance solution from the ground up, says its approach has delivered 30x growth in the past year.
The Series A round was led by Balderton Capital, with participation from Atomico, Cherry, Seedcamp, and Entrée. A number of prominent angel investors also joined, including Hugging Face co-founder Thomas Wolf, Meta board member Charles Songhurst, and several existing customers who became backers. The new capital brings Light’s total funding to $43m.
Light’s platform has been designed to replace legacy enterprise resource planning systems with an AI-native solution. While most competitors add AI tools onto decades-old systems, Light has embedded artificial intelligence throughout its platform. This enables the system to evolve and self-optimise, handling finance functions such as multi-entity accounting, global payments, and expense management at speeds previously unachievable.
The company intends to use the new funding to accelerate its global expansion, including opening an office in New York. It also plans to triple its engineering team by mid-2026, roll out a process optimisation workbench, and expand its deployment operations.
Wealth app Finary raises €25m ($29.2m) in Series B led by PayPal
Finary, a wealth management platform in hypergrowth and profitable since 2024, has raised €25m in a Series B funding round led by PayPal Ventures.
The round also drew support from LocalGlobe, Hedosophia, Shapers, and existing investors Y Combinator and Speedinvest, with Axel Weber, former president of the German central bank and ex-chairman of UBS, and Harsh Sinha, CTO of Wise, also joining the round.
Founded in 2021 by CEO Mounir Laggoune, who is also a best-selling author, Finary has quickly positioned itself as a major investment app in France and Europe. The company has ambitions to reach €5bn in assets under management within the next three years.
The platform allows individuals to centralise their financial holdings, optimise portfolios with AI-driven tools, and access low-cost, high-performing investment products. With its transparency-first model, Finary has already attracted over half a million French households looking for financial independence.
The fresh funding will support five growth priorities: the launch of new financial products, expansion of Finary One (its private wealth service), further integration of AI into wealth tools, strengthening its European market presence, and recruiting over 50 new employees.
The company is also advancing its product line with AI agents and plans to roll out brokerage accounts, savings accounts, retirement solutions, and new asset class offerings.
Aleph raises $29m to advance AI-powered finance software
Aleph, an AI-native financial planning and analysis (FP&A) platform, has secured fresh funding as it looks to expand its role in transforming corporate finance operations.
The company confirmed it has raised $29m in a Series B round led by Khosla Ventures, with continued support from Picus Capital, Bain Capital Ventures, and Y Combinator. The latest raise brings Aleph’s total funding to $46m.
Aleph provides a modern FP&A platform designed to simplify and accelerate financial operations for finance teams. Unlike traditional tools that often rely heavily on IT support and external consultants, Aleph delivers a fast, flexible, and scalable approach. Its system integrates data across platforms and enhances productivity through spreadsheet-native add-ins for tools like Excel and Google Sheets.
With this latest investment, Aleph plans to accelerate the adoption of AI in financial functions, particularly within the office of the CFO.
Since its Series A announcement, Aleph has recorded a tenfold increase in growth, supporting workflows for major companies including Zapier, Turo, Harvey, and Chess.com.
It also reports an 80% win rate with new clients, signalling strong demand for its offering. The platform’s AI-powered features, such as variance analysis, have already saved customers significant time by automatically identifying changes in financial data.
Endpoint security firm Prelude raises $16m funding
Prelude Security, a company developing next-generation endpoint protection, has raised $16m in new funding led by Brightmind Partners, with Sequoia Capital and Insight Partners also joining. This takes its total funding to $45m.
The firm, based in the US, focuses on protecting systems from advanced cyberattacks that evade conventional tools. Its main product, runtime memory protection, detects and blocks malicious code as it executes.
The new funds will be used to commercialise this technology, expand platform support, and scale customer deployment.
Prelude argues that traditional endpoint tools are not designed to stop today’s threats, with about 75% of advanced attacks now operating entirely in memory. Its approach uses hardware-level telemetry to spot out-of-context code execution, aligning with Microsoft’s Windows Resiliency Initiative.
Dutch InsurTech Insify raises €16.3m ($19m) to fuel European growth
Insify, the Dutch InsurTech platform designed for freelancers and SMEs, has secured €16.3m in Series B funding to expand its digital insurance services across Europe.
The investment round was led by Evli Growth Partners, with continued support from Accel, Opera Tech Ventures, Munich Re Ventures, Visionaries Club and Frontline Ventures, according to FF News.
The fresh backing will help Insify deliver on its mission to transform business insurance for entrepreneurs.
Founded by entrepreneurs, Insify builds insurance products that are tailored to the unique needs of freelancers and small businesses. The company leverages AI-powered technology to streamline onboarding, simplify cover options and reduce paperwork, making insurance faster and more transparent.
With the new funding, Insify plans to accelerate its European expansion, launch new AI-powered insurance products, and enhance its technology tools. The company says this is all part of its mission to offer freelancers and SMEs access to “smart, simple, fair insurance that truly works for the self-employed.”
Paris-based Goodvest bags €12m funding for sustainable investing
Goodvest, a Paris-based responsible investment platform, has secured €12m in a Series B funding round, two years after completing its Series A.
The latest round was led by Serena, with contributions from business angels and existing investors Ring Capital, Polytechnique Ventures, ALM Innovation – the innovation fund of AG2R LA MONDIALE – and Globivest, according to a report from Tech.eu.
Founded with a mission to align personal savings with the Paris Agreement, Goodvest provides investment products such as life insurance, retirement savings plans and themed portfolios that exclude harmful sectors like fossil fuels, arms and tobacco. Its offerings are designed to help individuals invest according to their values while generating competitive returns.
With this fresh capital, Goodvest plans to expand its ecological and social impact offerings, strengthen its partnerships, and bolster hiring across its team. A key focus will be scaling up its private wealth management service, which launched earlier this year.
The platform also enables customers to personalise their investments by selecting themes such as forests, climate solutions, access to water, health, employment and solidarity, and emerging countries. Through its digital tools, investors can simulate projects, receive personalised proposals, and monitor the environmental and financial performance of their portfolios.
InCountry secures $10m for AI data protection tool
InCountry, a company specialising in data protection at the crossroads of AI, identity, and sovereignty, has raised $10m in new funding.
The round was led by Arbor Ventures, with backing from Caffeinated Ventures and Accelerator Ventures. The investment supports the global roll-out of AgentCloak, InCountry’s new AI-powered data protection tool unveiled alongside the funding.
AgentCloak is designed to protect sensitive data by using AI to generalise and cloak personal details. Beyond masking common identifiers such as names and addresses, it can convert specific terms into broader categories, such as replacing a medical symptom with a general condition or turning an age into a bracket range. The solution leverages InCountry’s digital twin technology to ensure information is handled securely.
The platform allows AI agents to comply with strict regulations, including the EU AI Act, China’s PIPL and Saudi Arabia’s PDPL. It integrates into workflows to help businesses deploy AI tools across borders without breaching local data protection laws.
Agentic analytics firm Veezoo secures $6m Series A
Veezoo, a Swiss-based AI-native analytics platform, has raised $6m in a Series A round led by ACE Ventures.
The funding round, spearheaded by ACE Ventures, also saw participation from notable industry figures including former Tableau CEO Mark Nelson and Ted Kummert, the former chief product development officer at UiPath.
The capital will be used to accelerate the company’s expansion across Europe and the United States.
Founded in 2016 as a spin-off from ETH Zurich, Veezoo has built what it calls the most mature Agentic Analytics platform. Its technology allows employees across organisations to ask questions in natural language and receive reliable insights, turning complex data into trusted, auditable answers.
The company combines Agentic AI with its Knowledge Graph, which serves as a governance layer to ensure definitions are consistent, security rules are enforced, and data complexity is abstracted for business users.
The company already works with Fortune Global 500 clients and well-known corporates including AXA, Bayer, Baloise, Breitling, Valora and Air Up.
Berlin cybersecurity startup revel8 raises €5.7m
Berlin-based cybersecurity startup revel8, which develops AI-powered employee training against cyberattacks, has raised €5.7m in seed funding.
The round was led by Peak, with participation from Fortino Capital, Merantix Capital, and a number of business angels including Mario Götze, Sergej Epp of Sysdig, Michael Schrank of Adidas, Rogier Fischer of Hadrian, and Celonis CEO Alexander Rinke. Together with earlier pre-seed funding led by Merantix Capital, the company has now secured €7m since its founding in 2024.
revel8 uses generative AI and open-source intelligence to replicate cyberattacks within hours, creating personalised simulations for each employee. These exercises adapt dynamically to an individual’s role and behaviour, aiming to reduce costly breaches that often stem from human error.
The new capital will be used to expand the team, enhance enterprise features, and support international growth. The founders say their goal is to train 10 million “human firewalls” to help companies keep pace with increasingly sophisticated AI-driven scams.
Threat intelligence start-up Unit 221B bags $5m seed round
Unit 221B has secured $5m in seed funding to advance its mission of transforming intelligence into real-world crime prevention.
The round was led by J2 Ventures with support from Pipeline Capital and other undisclosed investors.
The New York-based company specialises in delivering actionable threat intelligence and cybersecurity solutions, aiming to accelerate investigations and disrupt criminal networks through collaboration between enterprises, law enforcement, and governments. Its flagship platform, eWitness, is already trusted by more than 50 Fortune 500 companies and agencies worldwide, including international, federal, and local law enforcement bodies.
With the fresh capital, Unit 221B plans to enhance its platform with new tools and features that speed up investigative collaboration, while also investing in broader go-to-market strategies. The company said this will help to scale adoption and strengthen the effectiveness of its ecosystem.
The announcement comes against the backdrop of escalating cybercrime. The World Economic Forum has warned that the rapid expansion of digital infrastructure and advances in artificial intelligence are enabling more sophisticated and frequent attacks. Criminal groups are exploiting not only critical sectors like financial institutions, telecommunications, and transport but also everyday platforms including social media, online gaming, FinTech tools, and delivery apps.
PredictAP raises $5m to expand AI real estate automation
PredictAP, a FinTech company specialising in AI-driven accounts payable (AP) automation for the real estate industry, has announced the close of a $5m funding round.
The new investment was led by RET Ventures, with participation from Wise Ventures. Both firms have previously backed PredictAP.
The company provides AI-powered software that automates the ingestion and coding of invoices, replacing manual processes with fully coded invoices ready to flow into existing AP automation systems. Its technology is designed specifically for the real estate sector, offering integrations with widely used property management platforms including Yardi, MRI and Realpage.
The additional capital will be directed towards accelerating PredictAP’s go-to-market expansion, further development of its proprietary AI technology, and expanding its integration capabilities with leading real estate software providers.
Over the past year, PredictAP has reached several milestones that highlight its rapid expansion in the proptech space. These include a strategic partnership with global payments firm Bottomline, enabling advanced automation for real estate customers, and a fast-growing customer base now exceeding 100 companies. Its AI system currently processes more than four million invoices annually, reducing average processing times from 11 days to just three.
MaxHome.AI raises $5m to streamline real estate workflows
MaxHome.AI, an AI-native operating system for residential real estate, has secured $5m in seed funding.
The investment round was led by Fika Ventures with support from BBG Ventures, 1Sharpe Ventures and Four Acres Capital. The new capital takes MaxHome.AI’s total funding to $7m.
The company provides automation tools that cut down the manual paperwork and compliance checks faced by real estate agents. Its platform helps brokerages and independent firms manage documents, coordinate transactions and streamline back-office processes, allowing agents to spend more time with clients rather than administrative work.
The fresh funds will be used to accelerate product development and expand the platform’s automation capabilities, focusing on reducing friction in transaction touchpoints while ensuring human oversight remains central to the process.
MaxHome.AI’s platform has already gained traction among large US brokerages. Affiliates of Berkshire Hathaway and Coldwell Banker, alongside independents such as The Keyes Company, are using the system to modernise operations.
FinTech firm OnFinance AI secures $4.2m Pre-Series A
OnFinance AI, a generative AI platform designed for the banking, financial services, and insurance (BFSI) sector, has raised $4.2m in a Pre-Series A round.
The funding was led by Peak XV’s Surge with backing from Shyamal Hitesh Anadkat of OpenAI, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, and existing investors Indian Angel Network and Silverneedle Ventures, according to a report from APN News.
Founded in 2023 and headquartered in Bengaluru, OnFinance AI helps financial institutions manage compliance, risk, and audit. Its tools are aimed at simplifying the interpretation of the thousands of regulatory circulars issued in India each year.
The company will use the funding to accelerate research, expand overseas, and develop its AI products including NeoGPT and ComplianceOS. These platforms automate regulatory processes, replacing weeks of manual work with minutes.
Mycroft bags $3.5m for AI-powered compliance platform
Mycroft, an AI-driven security and compliance platform provider, has emerged from stealth with fresh backing to expand its offering in the enterprise market.
The company has raised $3.5m in a seed round led by Luge Capital, with participation from Brightspark Ventures and Graphite Ventures. Existing investors Ripple Ventures, Developer Capital, Antler and BoxOne Ventures also took part in the round.
Founded to tackle the inefficiencies of traditional enterprise security, Mycroft has built an all-in-one platform that aims to replace fragmented and resource-heavy security stacks with a single AI-powered system. Instead of relying on scattered point solutions and manual compliance processes, the platform automates monitoring, policy enforcement, device management, incident response and audit preparation across a wide range of frameworks, including SOC 2, ISO 27001, GDPR and HIPAA.
The new funding will be used to accelerate product development and extend the reach of Mycroft’s AI agents, which are designed to deliver enterprise-grade security without the operational burden. The company has already secured over 50 customers in just six months, including firms such as Superwhisper, CoVet, Unified, Willful, Wisedocs and Weave.
Mycroft positions itself as a “virtual CISO” for organisations of all sizes, consolidating compliance and security functions into one system. Its platform integrates with more than 250 tools, enabling teams to move quickly without the traditional costs and bottlenecks of enterprise security infrastructure.
Singapore’s Kilde raises $1.5m for private credit platform
Kilde, a Singapore-based private credit investment platform, has secured $1.5m in a pre-Series A funding round led by Purple Ventures, with participation from its existing investors.
The platform, which is licensed and focused on connecting investors to private credit opportunities, recently crossed $127m in assets under management (AUM).
Kilde enables investors, including family offices, funds and accredited individuals, to access senior-secured lending opportunities across Europe and Asia. Operating with a lean team, standardised deal structures and proprietary technology, it offers investors annual returns ranging between 10.5% and 13.5%, it claims. The company says its scale now allows it to attract higher-quality borrowers and larger transactions, providing added stability for investors.
The new capital will be used to expand its team, strengthen capital markets capabilities, enhance technology infrastructure and prepare for larger-scale growth.
LADbible founder backs InsurTech Veridox with £1m ($1.3m)
Manchester-based InsurTech Veridox has raised £1m in a funding round led by Outward VC, with Solly Solomou, founder and CEO of social media giant LADbible, joining through his Solo Investments Holdings vehicle.
The funding is set to support product development and sales as Veridox prepares for general launch, according to Business Cloud.
The company uses artificial intelligence to detect fraudulent insurance claims, a problem costing European insurers an estimated €13 billion annually, much of it going undetected.
Veridox’s software analyses claims documents and images, flagging signs of manipulation while explaining why a document presents a risk.
This allows investigators to separate legitimate edits, such as added signatures, from malicious tampering. In a pilot with a $3 billion insurer, Veridox’s minimum viable product detected £50,000 of fraud in seconds.
The company employs 13 people and works with 15 leading insurers, including some of the UK’s largest.
Indonesian FinTech Ayoconnect secures new funding boost
DeFi Technologies backs Stablecorp with QCAD investment
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