It was a stellar week for FinTech deals, with a total of $1.8bn raised across 32 investment rounds.
This week also saw a couple of FinTech unicorns raise funds this week, which have become rarer in recent years after the FinTech funding booms a few years ago.
There were five FinTechs to raise over $100m this week, with the ten biggest deals of the week accounting for $1.6bn of the total capital raised. Galaxy Digital, a digital assets platform, secured the largest capital injection of the week, with its post-IPO strategic investment totalling $460m.
Kalshi, a regulated prediction-market exchange based in the US, followed close behind with its $300m Series D round. The investment, which was co-led by Andreessen Horowitz (a16z) and Sequoia Capital, nudged Kalshi’s valuation to $5bn. These funds will support its international expansion, which includes launching a single global liquidity pool that connects users across more than 140 countries.
Also raising $300m was Deel, a global HR and payroll platform serving more than 37,000 businesses worldwide. The company, which is now valued at $17.3bn, raised $300m for irs Series E round to support strategic acquisitions that extend its global reach and product suite.
The remaining $100m+ deals were a $165m round raised by consumer finance firm Upgrade as it eyes an IPO in the coming future and a $150m investment into Hong Kong-based Prestige Wealth. Prestige Wealth was one of the two deals in the top 10 to come outside of the US. The other was a $39m round secured by India-based WealthTech Dezerv.
In terms of location, the US dominated the deals of the week. The country housed 20 funding rounds. These were: Kalshi, Galaxy Digital, Deel, Upgrade, Campfire, Liberate, Stand insurance, Nova Credit, Basis Theory, Conceal, Telcoin, Glide Identity, Aboon, Irys, Corbel, HOOTL, Matters.ai, SRA, Atomic and Feathery.
The UK was the only other place to record multiple deals this week. The British companies were Clove, ClaimSorted, Grateful and Theodosian.
Other locations represented this week were Germany (Bees & Bears), India (Dezerv), Hong Kong (Prestige Wealth), Spain (Afori), Czechia (Resistant AI), Morocco (Chari), Estonia (Creditstar) and Tanzania (Kuunda).
In terms of sectors, WealthTech headed the pack with eight deals, half of which were in the top 10 deals. The WealthTechs were Kalshi, Galaxy Digital, Prestige Wealth, Dezerv, Telcoin, Aboon, Clove and Atomic.
Following close behind was the InsurTech sector with six deals. These were Liberate, Stand insurance, ClaimSorted, Irys, HOOTL and Afori.
Other sectors represented this week were marketplace lending (Upgrade, Nova Credit, Creditstar, Kuunda and Corbel), CyberTech (Conceal, Theodosian and SRA), PayTech (Basis Theory, Chari and Grateful), Infrastructure and enterprise software (Deel and Campfire) RegTech (Resistant AI and Glide Identity), data & analytics (Feathery) and ESG (Bees & Bears).
A recent report from FinTech Global found that global FinTech funding grew by 26% YoY in Q3. The sector saw $20.3bn in total funding across 959 transactions, marking a 26% increase in investment value compared to the $16.1bn raised across 871 deals in Q3 2024. The deal frequency also increased by 10%.
The US maintained its leadership position as companies secured five of the ten largest deals, slightly down from six in Q3 2024, reaffirming its central role in global FinTech innovation.
Here are the 32 FinTech funding rounds covered this week by FinTech Global
Galaxy Digital secures $460m investment boost
Galaxy Digital, a global leader in digital assets and data centre infrastructure, has announced a $460m strategic investment from one of the world’s largest asset management firms.
The deal includes the purchase of 9,027,778 shares from Galaxy and 3,750,000 shares from its executive officers, including founder and CEO Mike Novogratz, priced at $36 per share.
The funds will be directed towards general corporate purposes and the continued development of Galaxy’s Helios data centre campus. The Helios project, set to deliver 133 MW of critical IT load in its first phase, remains on track for completion in the first half of 2026.
Galaxy operates at the intersection of finance and technology, providing institutional access to trading, advisory, asset management, staking, self-custody, and tokenisation solutions.
Alongside its digital asset platform, the company builds and manages advanced data centres that power artificial intelligence and high-performance computing workloads.
Kalshi hits $5bn valuation with $300m Series D
Kalshi, a regulated prediction-market exchange based in the United States, has reached a valuation of $5bn following its latest funding round and global expansion efforts.
The company has raised $300m in a Series D funding round co-led by Andreessen Horowitz (a16z) and Sequoia Capital, with additional backing from Paradigm, Coinbase Ventures, General Catalyst, Spark Capital, and CapitalG. The round, which was heavily oversubscribed, drew interest from major investors across both Silicon Valley and Wall Street.
Kalshi operates a platform that allows users to trade directly on real-world events, effectively transforming prediction markets into a mainstream financial asset class.
Unlike traditional exchanges that focus on assets like stocks or commodities, Kalshi enables participants to speculate on events such as elections, monetary policy decisions, sporting outcomes, or climate developments.
The company’s regulated exchange combines institutional-grade reliability with technology-driven execution speed, positioning itself as a “next-generation CME for the 21st century.”
The fresh capital will fund Kalshi’s international expansion, which includes launching a single global liquidity pool that connects users across more than 140 countries.
This model replaces fragmented, region-specific markets with a unified global exchange, allowing traders worldwide to access and price the same events, enhancing both liquidity and price discovery.
The company also plans to broaden its market offerings, integrate with more brokerages and financial institutions, and continue expanding its team to support the platform’s rapid global growth.
Payroll giant Deel bags $300m at $17.3bn valuation
Deel, a leading global HR and payroll platform serving more than 37,000 businesses worldwide, has raised $300m in a Series E funding round.
The investment was led by new backer Ribbit Capital, with continued support from Andreessen Horowitz, Coatue Management, General Catalyst, and Green Bay Ventures, among others. The round brings Deel’s valuation to $17.3bn.
Founded in 2019, Deel provides a unified platform that allows companies to hire, onboard, manage, and pay employees and contractors in over 150 countries. The company supports 1.5m workers and processes $22bn in payroll annually. It has rapidly become a cornerstone for businesses navigating the complexities of international hiring and compliance.
Deel plans to use the new capital to drive strategic acquisitions that extend its global reach and product suite. A significant portion of the funding will also go toward enhancing its owned payroll infrastructure and AI innovation, with ambitions to deliver native payroll coverage in more than 100 countries by 2029.
The latest investment follows a milestone year for Deel. The company reported its third consecutive year of profitability in September 2025 and achieved its first $100m revenue month. Earlier this year, it surpassed $1bn in annual recurring revenue, highlighting strong demand for its payroll and HR solutions.
Deel’s growth has been broad-based, recording a 1,500% increase across U.S. products, 600% in HR solutions, and 450% in global payroll. The company has also seen a 480% increase in customers using three or more of its products, with major enterprise clients including LEGO, Puma, Klarna, Capgemini, and Pepsi.
Consumer FinTech Upgrade raises $165m ahead of IPO
Consumer finance firm Upgrade, has raised $165m in its latest funding round as it eyes a potential IPO within the next 12 to 18 months.
According to Reuters, the round, which marks the company’s first external financing in nearly four years, was led by investment firm Neuberger, which also purchases loans from Upgrade.
Existing investors DST Global and Ribbit Capital also participated in the round. The latest deal values Upgrade at $7.3bn pre-money, representing a 21.7% premium over its previous valuation.
Founded in 2017, Upgrade has become a significant player in the U.S. consumer finance space, providing a range of services that include mobile banking, credit cards, buy now-pay later options, and personal, home-improvement, and auto-financing loans. The company has disbursed more than $42bn in consumer credit to date, positioning itself among the leading digital lenders in the U.S.
Upgrade plans to use the fresh funding to accelerate growth and prepare for an IPO, expected within the next year and a half. The new capital injection will support product expansion and strengthen its technology infrastructure as it scales its consumer credit platform.
The company’s latest raise comes amid renewed optimism in the FinTech sector. A rebound in equity markets and easing macroeconomic conditions have reignited IPO activity, with high-profile listings such as Klarna and Chime debuting in New York in recent months. The trend signals a resurgence for FinTechs after several years of subdued investment following the 2021 boom.
Prestige Wealth rebrands to Aurelion after $150m raise
Prestige Wealth, a NASDAQ-listed wealth management and asset management firm, has announced the completion of a $150m financing round to establish NASDAQ’s first Tether Gold treasury.
The firm, which plans to rebrand as Aurelion, will begin trading under its new ticker from 13 October 2025.
The funding comprises a $100m private investment in public equity (PIPE) anchored by Antalpha Platform Holding Company, along with contributions from TG Commodities S.A. de C.V. (Tether) and Kiara Capital Holding Limited. The financing also includes a $50m senior debt facility with a three-year term.
Aurelion, which will serve as NASDAQ’s first Tether Gold treasury, merges the stability of physical gold with blockchain efficiency. The company seeks to redefine how digital wealth is managed, offering investors a secure and transparent tokenised gold reserve that can be verified on-chain daily.
According to Aurelion, the digital gold market—largely represented by ETFs—has an estimated value of over $200bn, but only 1% currently exists on the blockchain.
Campfire secures $65m Series B to transform finance AI
Campfire, a FinTech company revolutionising ERP with AI-driven financial automation, has raised $65m in a Series B funding round.
The investment was co-led by Accel and Ribbit, with participation from Foundation Capital, Y Combinator, and several prominent industry executives including Karim Atiyeh, co-founder and CTO at Ramp, Brad Floering, VP of finance and FP&A at Snowflake, Steve Sidhu, controller at Clay, Scott Buxton, CFO at Supabase, and Naeem Ishaq, former EVP, CFO and chief strategy officer at Checkr. This latest round brings Campfire’s total funding to $100m in just 12 weeks, highlighting the growing demand for its technology.
Campfire develops AI-powered ERP solutions designed to help finance teams automate manual processes and accelerate workflows. Its platform enables companies to close their books up to five times faster, reclaiming as much as 144 days annually for strategic growth and analysis. Clients include some of the world’s fastest-growing firms such as PostHog, Decagon, and Replit, which have adopted Campfire to replace legacy systems and streamline financial operations.
The new capital will support the company’s ongoing expansion, focusing on advancing its AI capabilities, expanding accounting modules, and hiring new talent. Campfire plans to deepen its investment in product innovation and strengthen partnerships with next-generation finance teams as it scales across enterprise markets.
The company recently unveiled its proprietary AI engine, the Large Accounting Model (LAM), trained exclusively on accounting data. LAM achieves over 95% accuracy on key accounting functions including reconciliations and variance analysis, positioning Campfire at the forefront of intelligent finance technology. The system marks a significant milestone in transforming ERP from a traditional system of record into a “system of action”.
The company’s growth has been dramatic, reporting a 10× increase in revenue year-to-date, fuelled by strong enterprise adoption and migrations from legacy systems like SAP. Campfire has also secured partnerships with publicly traded companies such as LimaOne, underscoring its expanding influence across industries.
Liberate valued at $300m after Series B funding for InsurTech growth
Liberate, a San Francisco-based AI startup specialising in automating insurance operations, has secured $50m in a funding round led by Battery Ventures.
The capital injection will help the three-year-old company scale its agentic AI deployments across insurers and agencies worldwide, according to TechCrunch.
The all-equity Series B round values Liberate at $300m post-money. Alongside Battery Ventures, new investor Canapi Ventures participated, with returning backers Redpoint Ventures, Eclipse, and Commerce Ventures also contributing.
The insurance sector has been under pressure from rising operational costs, legacy system limitations, and increasing customer expectations.
The non-life segment, in particular, faces slowing global premium growth through 2026 due to intensifying competition, weaker rate momentum, and new cost pressures such as tariffs.
While insurers have previously experimented with AI, many initiatives stalled because of fragmented data and inflexible workflows. Liberate is addressing this shift by embedding AI directly into core operations rather than layering it on top.
Founded in 2022, Liberate builds AI systems for property and casualty insurers that focus on sales, service, and claims.
Its voice AI assistant, Nicole, manages inbound and outbound calls to sell policies or respond to customer requests.
Behind the scenes, reasoning-based AI agents connect to insurers’ existing systems, gather context, and generate responses for Nicole — all without human intervention.
Liberate’s AI agents are designed to handle complete end-to-end tasks, including quoting policies, processing claims, and updating endorsements.
Dezerv raises ₹350cr to expand wealth platform
Dezerv, a technology-driven wealth management platform founded in 2021, has raised ₹350 crore ($39m) in a Series C funding round, bringing its total capital raised to over ₹850 crore ($95m).
The all-primary round was co-led by existing investors Premji Invest and Accel’s Global Growth Fund, with continued participation from Elevation Capital and Z47. Their ongoing support highlights sustained confidence in Dezerv’s long-term strategy and vision.
Dezerv provides wealth management services tailored for India’s wealth creators, combining technology and financial expertise to deliver investment solutions across asset classes. The company currently manages more than ₹14,000 crore across portfolio management services (PMS), alternative investment funds (AIF), and distribution assets. It serves clients in over 200 cities and operates offices in Mumbai, Delhi, Bengaluru, Hyderabad and Pune.
The new capital will be used to strengthen the company’s technology infrastructure, expand its investment solutions, and enhance its client experience.
Dezerv also plans to hire and train relationship managers to accelerate its transition into a full-stack wealth management institution capable of serving entire families’ financial needs.
Since its launch, the firm has achieved rapid growth, helping more than 5 lakh (500,000) investors track and analyse ₹2 lakh crore in assets through the Dezerv app.
The platform currently allows users to monitor mutual funds, stocks, bank accounts, NPS and fixed deposits, with plans to add bonds, ReITs, InvITs, loans and credit cards by the end of the year.
Stand insurance secures $35m Series B to expand in Florida
Stand, an innovative insurance company focused on protecting catastrophe-exposed properties, has closed a $35m Series B funding round.
The funding round was led by Eclipse, with continued support from previous investors, Inspired Capital, Lowercarbon Capital, and Equal Ventures, according to InsurTech Insights.
Founded just over a year ago, Stand underwrites insurance for properties exposed to natural disasters, initially focusing on wildfire-prone regions such as California.
The company employs a resilience-based model that ties coverage to mitigation upgrades, helping homeowners reduce long-term risk while lowering insurance costs.
Its underwriting uses physics-based models to assess how structures withstand extreme weather, originally applied to wildfires and now extended to wind exposure.
The new $35m funding will accelerate Stand’s expansion into Florida, one of the United States’ most volatile catastrophe markets. According to the National Oceanic and Atmospheric Administration (NOAA), Florida has suffered 94 separate billion-dollar disasters since 1980, with the last seven alone causing over $1tn in losses.
The state’s insurer of last resort, Citizens Property Insurance Corporation, carries nearly $300bn in exposure, highlighting the pressing need for sustainable private insurance solutions.
Stand has grown rapidly since its launch, underwriting $1bn in insured value in California alone.
The company now aims to apply its resilience-linked insurance model to Florida, providing coverage that encourages homeowners to reinforce homes against windstorms and other natural hazards.
FinTech Nova Credit bags $35m Series D funding
Nova Credit, a leading credit infrastructure and analytics FinTech, has raised $35m in a Series D funding round to expand its cash flow underwriting platform.
The round was led by Socium Ventures, a venture firm backed by Cox Enterprises, with additional participation from existing investors including Canapi Ventures, Kleiner Perkins, General Catalyst, Index Ventures, Y Combinator, NAVentures, National Bank of Canada’s corporate venture capital arm, Harmonic Growth Partners, Radiate Capital, and Gaingels.
The San Francisco-based company operates at the forefront of credit infrastructure innovation, providing solutions that enhance how lenders, property managers, and financial institutions assess financial health. Nova Credit’s platform enables the integration of real-time financial data into credit decisioning processes, delivering a more comprehensive picture of consumers’ financial behaviour beyond traditional credit bureau data.
The newly raised capital will be used to accelerate the buildout of the Nova Credit Platform, strengthening its infrastructure, analytics, and compliance capabilities to make real-time financial data as accessible and reliable as conventional credit data. This funding marks a pivotal moment for the company as it seeks to advance the adoption of cash flow underwriting across multiple financial services sectors.
The company’s flagship product, Cash Atlas™, has recently been adopted by major players such as Chase, PayPal, and Yardi. These firms are deploying the solution across lending and tenant screening operations, showcasing the growing demand for richer, data-driven financial insights that extend beyond traditional credit scoring methods.
Basis Theory secures $33m to drive AI-powered commerce
Basis Theory has raised $33m in a Series B funding round led by Costanoa, with participation from Stage 2 Capital, Moneta VC.
The investment marks a major step forward for Basis Theory as it accelerates its work in agentic commerce and scales its enterprise-grade payment vault for global merchants. The funding also underlines the company’s growing reputation for helping businesses securely manage and control payment data across multiple platforms.
Founded in 2020 by FinTech veterans Brian Billingsley, Colin Luce, and Ben Milne, whose collective experience includes leadership roles at Yodlee, Dwolla, and Klarna, Basis Theory provides a cloud-native, PCI-compliant vault that tokenises and manages sensitive payment data. This allows businesses to maintain control over how data is accessed internally or shared with partners, helping them to transform payments from a cost centre into a strategic growth driver.
The new capital will be used to expand Basis Theory’s agentic commerce initiatives and strengthen its payments infrastructure to meet the growing demand for flexibility, security, and programmability in payments. The company also plans to grow its engineering, product, and go-to-market teams as it continues to innovate at the intersection of payments and AI-driven commerce.
At the heart of its mission is the Agentic Commerce Consortium, a collaborative network of over 20 companies working to establish the standards and infrastructure for agent-led commerce. This initiative, spearheaded by Basis Theory, is focused on enabling AI agents to act as trusted buyers, paving the way for merchants to engage safely and effectively in autonomous, AI-powered transactions.
Conceal secures $26m Series B to advance browser security
Cybersecurity firm Conceal, known for its browser-native Security Service Edge (SSE) and proxy-less Zero Trust Network Access (ZTNA) technology, has raised $26m in a Series B round.
The investment was led by Two Bear Capital, with participation from Allegis Cyber and Gula Tech Adventures.
The new funding will help Conceal accelerate product development, grow its go-to-market efforts, and expand its team. The company’s mission is to deliver trusted access and in-browser security to employees and third parties, no matter where they work.
Conceal’s platform allows enterprises to combine connectivity and security into one system, removing the need for traditional VPNs or proxies. Its intelligent browser extension enables direct, secure access without additional installations, helping firms simplify operations and reduce costs.
Telcoin raises $25m to launch regulated digital asset bank
Telcoin, a blockchain-based financial services company aiming to become the first regulated blockchain bank in the United States, has raised $25m in a pre-Series A funding round.
The capital will be used to capitalise Telcoin Digital Asset Bank, which is expected to open later this year.
The investors in the round were not fully disclosed, but participants include several large backers such as Matt Maser and Tom Kaiman of Otter & Co. Capital Holdings, alongside other community banking investors.
Founded to bridge the $4tn blockchain economy with traditional finance, Telcoin operates at the intersection of blockchain, telecommunications, and banking. The firm offers decentralised financial infrastructure enabling self-custodial blockchain payments and global banking services across 171 countries.
The new funds will allow Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter. This will pave the way for the launch of its eUSD “Digital Cash” stablecoin — the first regulated, bank-issued USD stablecoin designed for real-world use such as cross-border remittances and direct merchant payments.
Fincrime defence firm Resistant AI secures $25m Series B
Resistant AI, a Prague-based RegTech company specialising in AI-powered fraud and financial crime prevention, has raised $25m in a Series B.
The round was led by DTCP, with continued backing from existing investors Experian, GV, and Notion Capital, who have doubled down on their support. The company, which became breakeven in September, plans to use the new funds to strengthen its position as a profitable European AI leader by expanding its document fraud detection and transaction monitoring capabilities into new territories and partnerships. It will also enhance its threat intelligence operations.
Resistant AI develops machine learning models that detect fraud in documents, transactions, and behavioural patterns, integrating seamlessly with clients’ existing risk technology stacks. The firm’s models are designed to improve recall, precision, and contextual decision-making when identifying complex financial crimes such as real-time payment (APP) fraud, synthetic corporate identity fraud, money muling, generative AI document forgery, and sophisticated money laundering schemes.
The funding comes amid a period of rapid transformation in the anti-fraud and RegTech sectors, driven by the emergence of agentic AI systems. Many of these large language model-based tools struggle with quantitative risk analysis and suffer from high hallucination rates, leaving financial institutions vulnerable to fraud and compliance risks. Resistant AI aims to bridge this gap by providing robust fraud detection tools that empower both human teams and AI co-pilots.
According to the company’s threat intelligence research, the Fraud-as-a-Service market is expanding rapidly, with online markets selling more than 160,000 verified accounts from over 3,000 financial institutions. These accounts fuel APP scams that have cost the global economy around $1tn. With regulators increasingly adopting reimbursement rules similar to those introduced by the UK Payment Systems Regulator, the need for advanced AI-driven detection tools is becoming ever more urgent.
Since its Series A round, Resistant AI has seen its annual recurring revenue grow tenfold and its customer base quadruple. The firm’s systems have verified more than 150m documents and analysed transactions at a rate 100 times higher than before, establishing it as a leader in AI-based document fraud detection.
Glide Identity raises $20m to secure digital identity
Glide Identity, a digital identity security company focused on authentication and verification in the AI era, has raised more than $20m in its Series A funding round.
The round was led by Crosspoint Capital Partners, with participation from Amigos Venture Capital, Singtel Innov8 Ventures, and Sir Ronald Cohen, bringing Glide’s total funding to over $25m.
Based in the United States, Glide Identity is tackling one of the most pressing challenges in digital commerce—securing identity and authentication systems against AI-driven threats. Its platform replaces one-time passwords with SIM-based cryptographic authentication, which cannot be phished, intercepted, or socially engineered. This approach enables users to verify their identity through their mobile network securely, eliminating the need for password entry or text message codes.
The company intends to use the new funding to scale its identity, authentication, and verification platform for what it calls the “AGI era.” Glide aims to build the next-generation infrastructure needed to protect consumers and businesses as AI systems increasingly participate in digital transactions and communications.
Glide’s technology arrives at a critical time, with data from the Federal Trade Commission showing that U.S. consumers lost $12.5bn to scams in 2024, a 25% increase from the previous year. Traditional authentication methods—such as passwords and one-time codes—have become vulnerable as scammers exploit human error through manipulation, impersonation, and AI-powered deception. Glide’s early traction with enterprises and partnerships with telecommunications providers like T-Mobile and Verizon underscores the urgency of its mission.
Aboon raises $17.5m for AI-powered 401(k) platform
Aboon, an AI-powered FinTech platform transforming how financial advisors design and manage 401(k) plans for business owners, has raised $17.5m in seed funding.
The round was led by Bain Capital Ventures, with participation from Altai Ventures, Runyon, Edward Jones Ventures, Outpost Ventures, and EJF Ventures.
Founded in 2023 by Nick Gavronsky and Amy Ouellette, Aboon offers a modern digital third-party administration (TPA) platform that empowers financial advisors to efficiently create and manage retirement plans. The platform combines AI-driven automation, intuitive workflows, and real-time expert support, enabling advisors to design and launch 401(k) plans within minutes — a process that typically takes weeks using legacy systems.
The new capital will be used to enhance Aboon’s automation capabilities, expand its product range, and strengthen integrations with advisory firms across the US.
The company has already partnered with leading firms such as Edward Jones and several major recordkeepers, including Capital Group, Empower, and Manulife John Hancock, to accelerate adoption.
FinTech startup Clove raises $14m to reinvent financial advice
London-based FinTech startup Clove, which aims to democratise access to financial advice, has raised $14m (£10m) in a pre-seed funding round led by Accel.
The round also saw participation from Kindred, Air Street, and a group of angel investors.
Founded earlier this year by Alex and his co-founder, Clove seeks to address a long-standing issue in personal finance: traditional financial advice is often inaccessible to the majority of people. Despite rapid progress in consumer technology, financial guidance has remained largely unchanged, serving primarily those who are already wealthy.
The company is developing a hybrid model that combines human expertise with AI to deliver personalised, high-quality financial advice at scale. Clove believes that most of what advisers currently do is administrative work rather than providing meaningful advice. By leveraging AI to automate these repetitive tasks, the firm aims to give advisers more time to focus on what truly matters—helping people make better financial decisions.
The newly raised capital will be used to accelerate product development and grow Clove’s team. The company, currently a six-person team, plans to carefully expand over the next year by hiring advisers, engineers, designers, and operators who share its vision for reimagining financial advice.
InsurTech ClaimSorted secures $13.3m seed round
ClaimSorted, an InsurTech start-up transforming how insurers handle claims, has raised $13.3m in a seed funding round aimed at modernising one of the industry’s most outdated processes.
The round was led by venture capital firm Atomico, with additional participation from Eurazeo, Y Combinator, firstminute capital, Start Ventures Capital, and several prominent insurance veterans.
Founded by Pavel Gertsberg and German Mikulski, ClaimSorted was born from the founders’ own frustrations managing claims at their former insurance business.
They found that relying on third-party administrators (TPAs) to process claims often led to slow turnaround times, inconsistent service, and reduced profitability. These experiences motivated them to create a solution that could tackle these systemic inefficiencies head-on.
The firm has developed an AI-powered claims management platform designed to act as a next-generation TPA, referred to by the company as “Claims TPA 2.0”.
The platform merges human expertise from seasoned insurance professionals with embedded AI agents, allowing insurers to deliver faster and more consistent customer service while significantly cutting operational costs.
The company plans to use the new capital to accelerate product development, expand operations across key global markets, and deepen its partnerships with insurers in search of a more efficient and transparent claims process.
InsurTech Irys secures $12.5m to rebuild insurance systems
Irys, an InsurTech company rebuilding insurance infrastructure from the ground up, has raised $12.5m in a seed round led by Markd, with participation from Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital.
The funding provides Irys with fresh capital to grow its engineering capacity, speed up implementation, and expand distribution partnerships across the US and Canada.
The firm plans to use the capital injection to scale its engineering and customer success teams, extend its partnerships, and introduce new AI-driven modules focused on accounting, analytics, and submission management in early 2026.
The round also highlights renewed investor confidence in insurance infrastructure, following Markd’s recent $500m fundraise to support transformative InsurTech ventures.
The raise comes amid a broader rebound in InsurTech investment, with global funding up 28% in the last quarter according to Gallagher Re. Investors are increasingly backing platforms that deliver real infrastructure change. Irys, with its decentralised backend, open APIs, and agentic AI framework, aims to become the operational backbone for modern insurance enterprises.
Moroccan FinTech Chari bags $12m Series A round
FinTech lender Creditstar secures $10m from Kilde
Creditstar Group, a European FinTech lender offering consumer credit solutions across multiple markets, has secured a second $10m facility from Singapore-based investment platform Kilde.
The platform connects family offices and accredited investors to private credit opportunities in Europe.
The latest facility follows Kilde’s initial $10m commitment in November 2024, bringing its total investment in Creditstar to $20m.
Founded in 2006, Creditstar operates in eight European lending markets and has consistently delivered profitable results. The Estonian company specialises in consumer lending, combining data-driven credit assessments and a diversified funding strategy.
The new funds will be used to expand Creditstar’s lending portfolio across its European markets and further strengthen its multi-channel funding model.
Kuunda raises $7.5m to grow embedded liquidity in Africa
Tanzanian FinTech firm Kuunda, which offers embedded working-capital solutions for financial institutions and digital payment providers, has raised $7.5m in pre-Series A funding to accelerate its regional growth.
The investment round attracted participation from existing and institutional investors including Portugal Gateway Fund, Seedstars Africa Ventures, 4Di Capital, Accion Ventures, Nedbank, and E4E Africa, according to a report from daba.
Founded in 2018, Kuunda partners with banks and payment providers to design and embed credit products such as airtime float loans, merchant cash advances, stock financing, and mobile money liquidity within digital ecosystems.
Kuunda’s platform builds dynamic, embedded financing tools that enhance economic productivity by providing agent networks, small enterprises, and consumers with access to liquidity.
Using proprietary credit scoring algorithms and real-time behavioural data, the company creates borrower profiles that help its partners distribute liquidity efficiently through existing channels. These algorithms have supported both short- and medium-term lending solutions, including e-float financing, airtime advances, and stock financing to drive small business growth.
The company has already facilitated over $3bn in loans for its financial and FinTech partners and currently supports monthly credit disbursements exceeding $100m to around two million users across Tanzania, Kenya, Uganda, Malawi, Mozambique, and Pakistan.
With the new capital, Kuunda plans to strengthen partnerships with e-commerce and PoS providers, launch operations in Egypt’s $115bn PoS market, and expand further into Saudi Arabia, the UAE, and Morocco.
AI platform Corbel raises $6.7m seed to transform industrial sales
AI-powered operating system Corbel, which provides an intelligent sales platform for industrial equipment manufacturers, has raised $6.7m in seed funding to transform the way complex machinery is sold and financed.
The round was led by Ibex Investors, with participation from Joule Ventures, Restive Ventures, and Selah Ventures.
Founded in 2022, Corbel builds AI-powered solutions that streamline how industrial machinery is sold, priced, and financed.
The company’s platform integrates directly into manufacturers’ existing systems to automate key aspects of configuration, pricing, and quoting, while embedding finance options to support large-scale purchases.
Corbel plans to use the latest round of funding to expand its engineering and go-to-market teams, strengthen its AI capabilities, and extend its partnerships with leading original equipment manufacturers (OEMs) across North America.
HOOTL secures $6.5m to automate insurance processing
HOOTL, an AI-first company focused on revolutionising healthcare insurance processing, has secured $6.5m in Series A funding, aiming to address inefficiencies in claim validation and policy management.
The funding round was led by 5IR Funds, a venture capital firm investing in transformative technologies across the Fifth Industrial Revolution, including AI, blockchain, and quantum computing.
HOOTL develops specialised AI workflows at the intersection of healthcare, artificial intelligence, and regulatory compliance.
Its platform is designed to reduce claim denials, track policy changes, and validate claims in real time, targeting billions of dollars lost annually to administrative errors and inefficiencies.
The company plans to use the new funding to accelerate product development, expand its regulatory readiness, and scale its market presence, giving healthcare providers real-time visibility into policy changes and better safeguarding revenue streams.
HOOTL distinguishes itself by combining domain-specific AI agents with regulatory intelligence. This approach allows the company to anticipate policy shifts, embed compliance directly into its systems, and support providers in engaging insurers more effectively while minimising administrative burdens. Initial rollout began in dental practices, with a broader expansion across partner networks expected in Q4 2025.
Matters.AI secures $6.25m to launch AI data protector
AI-native data security firm Matters.AI, has raised $6.25m in total funding to launch its flagship AI Security Engineer product.
The funding includes a $4.75m seed round co-led by Kalaari Capital and Endiya Partners, with participation from Better Capital, Carya Venture Partners, and several cybersecurity angel investors. It also comprises an earlier $1.5m pre-seed round led by Better Capital and Carya Venture Partners.
Founded by security engineers, Matters.AI has developed a self-learning, AI-native data protection system designed to function like an autonomous security engineer. The platform uses semantic graph intelligence and predictive reasoning to detect, understand, and protect data across hybrid environments — from cloud to SaaS applications and endpoints — before any breach occurs.
The company plans to use the new capital to advance research and development in predictive defence, expand operations in the US, and scale its engineering teams to meet growing enterprise demand. This expansion aims to address the increasing complexity of managing data across multi-cloud ecosystems and AI-driven workflows.
Matters.AI’s platform enables organisations to discover and protect sensitive data wherever it resides, integrating seamlessly into existing enterprise architectures. Unlike traditional Data Loss Prevention (DLP) and Data Security Posture Management (DSPM) tools, the company’s system consolidates data discovery, lineage, and enforcement into one context-aware policy layer.
Climate FinTech Bees & Bears secures €5m seed round
Berlin-based Bees & Bears, a climate FinTech focused on democratising access to renewable energy financing, has secured €5m in seed funding led by Extantia Capital and Contrarian Ventures.
The funding follows a €2m pre-seed round in 2024 and arrives just months after the company signed a €500m financing framework with a listed European bank.
This deal made Bees & Bears the first climate FinTech in Europe to secure such a facility, it claimed. This funding will enable the company to finance up to 25,000 solar installations, heat pumps, and battery storage systems over the next two years.
Founded in 2023 by Marius Schondelmaier and Jakob von Egidy, Bees & Bears develops embedded finance solutions that allow local installation companies to offer customers flexible financing options for climate technologies directly during consultations. Its platform provides real-time credit checks and eliminates traditional banking intermediaries, helping installers close deals faster while giving households easier access to renewable energy systems.
The new seed capital will support rapid scaling to meet rising demand, with the company planning to expand into commercial and industrial segments and neighbouring European markets. Bees & Bears also intends to triple its workforce and strengthen its position as Europe’s leading embedded-finance platform for climate technologies.
Bees & Bears’ system simplifies renewable energy adoption: installers can generate quotes for solar panels, heat pumps, or batteries, enter customer data online, and receive instant approval for instalment payments following automated verification. For customers, this eliminates the need for large upfront payments or lengthy bank negotiations, while installers gain access to new clients and faster revenue cycles.
Afori secures €4m to launch AI for insurance brokers
Afori, a new AI platform for insurance brokers, has launched from stealth with €4m in pre-seed funding.
The round was led by General Catalyst, joined by Yellow, Booom, and several industry and AI leaders including Mustafa Suleyman of Microsoft AI, Alex Rinke of Celonis, and Mehdi Ghissassi, formerly of Google DeepMind, according to a report from tech.eu.
Afori’s technology plugs directly into brokers’ inboxes, transforming emails and documents into structured cases and tasks handled by insurance-specific AI agents. Built in collaboration with brokers, the system mirrors their workflows and terminology to save time and improve efficiency.
The funds will accelerate product development, expand integrations, and support Afori’s German market rollout, with its official debut set for DKM 2025 in Dortmund.
Calculus invests £1.5m in tipping platform Grateful
Harrogate and London-based Grateful, an automated tip pooling and tronc management platform, has raised £1.5m ($2m) in seed funding from Calculus Capital.
Founded in 2022 by Mason Potter, Jarrod Potter and Damian Guy, the company emerged from the founders’ experience in the United States, where they observed how efficient tipping systems could significantly enhance team motivation and performance.
Grateful is a FinTech company focused on simplifying and modernising the tipping process in the hospitality and service industries. Its platform addresses the challenges of tip pooling, compliance, and National Insurance contributions, providing transparency and automation for employers while ensuring fair distribution for workers.
The new funding will be used to enhance Grateful’s financial tools, strengthen AI product development, bolster compliance functionality, and expand into new markets.
The platform integrates digital tipping, modern tronc management, and worker financial tools into a single system, enabling fair distribution and compliance while improving employee retention and morale.
Currently, over 50,000 people use Grateful’s platform, with integrations already established with technology partners such as Toast, EposNow, Deputy, and PayCaptain.
Cybersecurity startup Theodosian secures $1.3m pre-seed
UK cybersecurity startup Theodosian, which develops file-level encryption and compliance tools, has raised $1.3m in pre-seed funding led by Fuel Ventures.
The round also saw support from D11Z Ventures, 1818 Venture Capital, Heartfelt, Startup Wise Guys and several angel investors. The investment will help the company advance its mission to protect enterprises from growing data breach risks and meet tightening cybersecurity regulations.
Founded by experienced cybersecurity specialists, Theodosian provides persistent, per-file protection that moves with data, ensuring it stays secure wherever it travels. The platform enables enterprises to set permissions and run compliance checks on every document, helping meet new UK and US standards such as Defence Cyber Certification (DCC) and Cybersecurity Maturity Model Certification (CMMC).
The funding will be used to complete version 1 of its platform and expand its customer base as it prepares for commercial launch.
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