A total of $1.2bn was raised across 16 FinTech deals this week, with two deal accounting for the lion share of this.
Last week a total of $1.63bn was raised across 27 deals, with Canadian WealthTech gitant WealthSimple leading the week with a CAD $750m ($526m) investment that put its post-money valuation at $10bn.
Despite Canada leading the funding rounds last week, research from FinTech Global this week found that investors have been prioritising smaller deals in the country. It found that verage deal value dropped by 46% in Q3 2025 to $9.5m and 74% from the $36.2m average in Q3 2024.
The largest deal of the week was secured by PayTech giant Ripple, which raised $500m in a strategic investment led by affiliates of Fortress Investment Group and Citadel Securities. This funding round brings Ripple’s valuation to a colossal $40bn and follows a recent $1bn tender offer at the same valuation.
Close behind this deal was cyber exposure management company Armis, which raised $435m in a pre-IPO funding round. The investment was led by Growth Equity at Goldman Sachs Alternatives and values the CyberTech at $6.1bn.
There was just one final deal to raise over $100m this week. Kiwi, a company building AI-powered financial tools for underbanked Hispanic consumers in the U.S., has secured a $100m credit facility from CIM. Prior to this, the company had raised an $8m Series A earlier in the year. With the funds, Kiwi hopes to provide more responsible credit access to underserved Latino communities across the country.
In terms of location, the US dominated the week. Only three deals were secured by companies in other countries. The US-based FinTechs to raise capital this week were: Ripple, Armis, Daylight, Lettuce, Truffle Security, Teleskope, Billd, The Beans, Trust Stamp, SecurePII, SOC Prime and Zest AI. Additionally, Puerto Rico-based Kiwi raised funds.
The other countries represented this week were Australia (Brighte), Canada (Flare) and Saudi Arabia (Stream).
In terms of sectors, CyberTech proved to have a stellar week with five deals in the sector. The CyberTechs were Armis, Daylight, Flare, Truffle Security and SOC Prime. It was followed by marketplace lending (Kiwi, Brighte and Zest AI), infrastructure and enterprise software (Lettuce, Billd and The Beans) and RegTech (Teleskope, Trust Stamp and SecurePII), which saw three deals apiece.
Finishing off the sectors is PayTech, which recorded two deals (Ripple and Stream).
Here are this week’s 16 FinTech rounds covered by FinTech Global
Ripple bags $500m funding, hits $40bn valuation milestone
Ripple, a leading financial technology company providing digital asset-based solutions for businesses, has secured a $500m strategic investment led by affiliates of Fortress Investment Group and Citadel Securities.
The round also saw participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, valuing the company at $40bn.
The funding follows a period of record growth for Ripple, marked by its recent $1bn tender offer at the same valuation. The company has repurchased more than 25% of its outstanding shares in recent years, aiming to deliver liquidity and value for employees and early investors.
Founded in 2012, Ripple provides blockchain-based payment and digital asset solutions for enterprises. Its suite of products spans Ripple Payments, which enables fast and transparent cross-border transfers, Ripple Custody for digital asset management, and Ripple Prime, a multi-asset prime brokerage platform for institutional customers. Ripple also operates RLUSD, a stablecoin, alongside its digital asset XRP.
The fresh capital will strengthen Ripple’s partnerships with financial institutions, deepen product innovation, and support its continued expansion into areas such as custody, stablecoins, prime brokerage, and treasury management.
Armis hits $6.1bn valuation after $435m funding round
Armis, a leading cyber exposure management and security company, has closed a $435m pre-IPO funding round, valuing the business at $6.1bn.
The investment was led by Growth Equity at Goldman Sachs Alternatives, with strong participation from CapitalG, and joined by new investor Evolution Equity Partners alongside several existing backers.
Founded in 2016, Armis provides real-time visibility, intelligence, and control across every asset and environment to help organisations protect critical infrastructure. Its Centrix™ platform enables enterprises to manage cyber risk from ground to cloud, ensuring the resilience of essential services and mitigating threats across complex digital ecosystems.
The new funding will accelerate Armis’ three-year plan as it targets $1bn in annual recurring revenue (ARR) and prepares for an initial public offering. The capital will also support continued product innovation, go-to-market expansion, and strategic acquisitions. Over the past two years, the company has completed three M&A deals to strengthen its capabilities across cloud, AI, and operational technology security—each already generating significant incremental revenue.
The company’s growth trajectory has been strong, recently surpassing $300m in ARR and maintaining a growth rate above 50%. Armis now works with over 40% of the Fortune 100, including 7 of the Fortune 10, serving clients across sectors such as manufacturing, aviation, finance, healthcare, and government.
Kiwi lands $100m funding to expand Latino credit access
Kiwi, a company building AI-powered financial tools for underbanked Hispanic consumers in the U.S., has announced a $100m credit facility from CIM.
The funding follows its $8m Series A earlier this year and will accelerate its mission to provide responsible credit access to underserved Latino communities across the country.
The new credit line aims to expand Kiwi’s reach and strengthen its ability to offer inclusive financial products to millions of consumers who have been excluded from traditional credit systems. The company’s vision centres on promoting financial mobility and fostering economic empowerment for underbanked Hispanic populations.
Founded in 2020 by Mariano Sanz and Alexander Schachter, both originally from the Dominican Republic, Kiwi was created to address the unique financial challenges faced by U.S. Hispanic consumers with limited or no credit history. Since its inception, the platform has already served more than 100,000 consumers nationwide.
Kiwi’s business model draws inspiration from financial inclusion frameworks in emerging markets, beginning with access to credit before expanding into savings, spending, and other financial services that build long-term trust and economic progress.
The company’s technology uses artificial intelligence to assess risk and offer fair, transparent credit options to consumers often overlooked by mainstream lenders. By using data-driven insights, Kiwi is helping users establish credit histories while promoting responsible borrowing.
The latest funding from CIM will enable Kiwi to expand into new states, introduce additional financial products, and scale its digital platform to reach millions more Latino consumers. With Hispanic communities making up nearly 20% of the U.S. population and contributing more than $4tn to the national economy, Kiwi aims to play a key role in closing the financial inclusion gap.
Daylight bags $40m to expand AI-native security platform
Daylight, a cybersecurity company pioneering agentic AI-driven managed protection, has secured $33m in a Series A funding round, bringing its total funding to $40m.
The investment was led by Craft Ventures, with additional backing from Bain Capital Ventures, Maple VC, and several renowned cybersecurity founders and angel investors. These include Assaf Rappaport of Wiz; Ofer Smadari, Leonid Belkind, and Eldad Livni of Torq; Tamar Bar-Ilan and Yotam Segev of Cyera; Yevgeny Dibrov and Nadir Izrael of Armis; and Ofir Ehrlich of EON.
Founded by Unit 8200 veterans Hagai Shapira and Eldad Rodich, Daylight has rapidly grown to serve enterprises across the U.S. and Europe, including The Motley Fool, Cresta, and McKinsey Investment Office. The company’s mission is to transform traditional managed detection and response (MDR) services by infusing AI autonomy and precision into every stage of threat detection and incident response.
The fresh capital will support Daylight’s expansion in the U.S. market, accelerate the development of its AI-powered security operations platform, and fund the introduction of new modules focused on identity threat response and cloud workload protection.
Daylight’s platform can be deployed in under an hour, integrating seamlessly with both cloud and on-premise systems. Its AI agents continuously learn from each investigation and act autonomously under analyst supervision to detect, analyse, and contain threats in real time, offering tailored “white-glove” managed protection for each client.
As cyberattacks continue to increase by 50% year over year and data breach costs reach an average of $4.45m, the demand for more intelligent, adaptive security solutions is soaring. Daylight’s approach seeks to close this gap by creating a new category of Managed Agentic Security Services (MASS).
Brighte secures $40m CEFC funding for home energy push
Canada’s C bags $30m to boost TEM innovation
FinTech platform Lettuce raises $28m to empower solo workers
Lettuce, a FinTech platform dedicated to empowering independent professionals, has raised $28m in new funding led by existing investor Zeev Ventures.
Alongside the funding, the company has also announced its acquisition of benefits access startup Besolo, strengthening its position in serving the fast-growing solo workforce.
Founded with the belief that “the future of work is solo”, Lettuce aims to address the needs of freelancers and self-employed professionals who are often underserved by traditional financial systems. Nearly half of the U.S. workforce is expected to freelance by 2027, yet many continue to face barriers when it comes to essential benefits such as tax management, retirement plans, and healthcare coverage.
The newly secured funding will be used to accelerate the development of Lettuce’s AI-powered solo operating system. This platform is designed to act as an intelligent financial companion, simplifying complex processes like payroll, tax filing, expense management, and banking for solo entrepreneurs.
The company plans to roll out advanced automation, new features, and enhanced financial guidance, including tools to support retirement planning through Solo 401(k) and SEP IRA options.
Lettuce also intends to use the funds to upgrade its proprietary LettuceHead AI, introducing a new conversational voice interface to make financial management even more intuitive for users.
Through the acquisition of Besolo, Lettuce will expand its offerings into healthcare benefits. By integrating Besolo’s services, Lettuce will enable self-employed individuals to access quality health, dental, vision, and life insurance options, helping to close the coverage gap that leaves millions without adequate protection. Besolo’s founders will join Lettuce to lead its healthcare initiative, ensuring continuity in service and a personalised approach.
Teleskope raises $25m to scale agentic data security
Truffle Security raises $25m to boost AI-driven protection
Truffle Security, the firm behind the popular open-source project TruffleHog, has raised $25m in a Series B funding round to accelerate its work in protecting NHIs and their secrets across enterprise environments.
The round was led by Intel Capital and Andreessen Horowitz (a16z), with participation from Abstract, Lytical Ventures, and industry figures including Casey Ellis, founder of BugCrowd, Emilio Escobar, CISO at Datadog, and Haroon Meer, founder and CEO of Thinkst.
Truffle Security, known for its flagship product TruffleHog, provides enterprises with advanced tools to detect, verify, and remediate exposed secrets and credentials within their software ecosystems. Its technology helps organisations safeguard against data breaches by scanning for compromised credentials across codebases and cloud environments.
The new funding will drive the continued expansion of TruffleHog Enterprise, enhance innovation in secrets management and NHI protection, and support the launch of new features such as TruffleHog GCP Analyze. The latter offers deep visibility into leaked Google Cloud service accounts, helping teams assess exposure and prioritise remediation more effectively.
The Beans secures $5.4m seed to boost caring workforce
The Beans, a FinTech firm providing a financial operating system for caring professionals and workforce development for their employers, has announced the close of its $5.4m seed funding round.
The investment came from Alloy Alchemist Fund, Commerce Ventures, Impulsum Ventures, Precursor Ventures, Swing Ventures, Techstars, Esther Dyson, TruStage Ventures, Coyote Ventures, and Fabric VC, an inclusion-led venture capital firm focused on visionary founders building the next generation of iconic companies.
The funding aims to accelerate The Beans’ expansion across healthcare and education sectors. The company plans to leverage the investment to help frontline employees achieve financial stability through workforce development, personalised recommendations, and intelligent cash flow automation.
Founded with a mission to relieve financial stress, The Beans addresses a widespread issue in care-based industries where employee turnover, absenteeism, and productivity losses are frequently linked to financial stress. Research indicates that a mid-sized hospital can lose more than $20m annually to costs associated with financially stressed employees.
The Beans operates as a financial wellness platform designed to automate and optimise cash flow for employees. It combines evidence-based workforce development with intelligent software to help users better manage savings, debt, and spending. According to company data, employers using The Beans have seen employee wellbeing and retention improve by 12%.
The firm’s AI-powered technology further enhances its offering by managing cash flows, executing financial tasks such as savings, debt management, and tax optimisation, and simplifying complex financial decisions. This latest funding will support The Beans in expanding its reach across healthcare networks, educational institutions, and nonprofit organisations nationwide.
Trust Stamp raises $4.3m via warrant deal
Stream raises $4m to simplify B2B payments in MENA
Voice data privacy startup SecurePII bags $3.5m funding
SOC Prime lands new investment led by u.ventures
SOC Prime, a global cybersecurity company known for its AI-native Detection Intelligence Platform, has secured a new round of investment to accelerate its expansion and innovation in AI-driven threat detection.
The round was led by u.ventures, with participation from DNX Ventures, Atlantic Bridge, J Ventures, and Angel One.
Founded nearly ten years ago, SOC Prime provides technology that enables security teams to detect and respond to threats faster and more accurately. The company currently supports over 11,000 organisations worldwide, helping them automate threat detection and stay ahead of rapidly evolving cyber risks.
The latest investment will fuel the company’s next stage of growth, with a focus on making cyber defence smarter, more efficient, and widely accessible. SOC Prime aims to continue transforming how organisations protect themselves by embedding AI deeper into security operations and resilience strategies.
The funds will help accelerate the development of its AI-native solutions, as well as expanding its presence in the US.
AI lending platform Zest AI secures new funding round
Zest AI, a leading provider of AI-powered lending solutions, has secured a new round of strategic funding led by its own customers.
The investors include SchoolsFirst Federal Credit Union, Members 1st Federal Credit Union, ORNL Federal Credit Union, Truliant Federal Credit Union, and Citi Ventures, the investing arm of Citi.
The oversubscribed financing round marks a notable milestone for the California-based FinTech company, which helps lenders modernise their credit underwriting with artificial intelligence. The round also represents a sharp increase in valuation compared to its previous growth round, signalling growing institutional confidence in Zest AI’s technology and vision.
Founded in 2009, Zest AI develops advanced credit scoring and lending automation tools to help financial institutions make faster, fairer, and more accurate lending decisions. Its products, including the Generative AI-powered lending intelligence platform LuLu and Zest Protect for fraud detection, are used by nearly 300 lenders worldwide. The firm’s technology leverages over 650 proprietary credit models and 50 patents to increase approval rates by 25% and reduce defaults by 20%, without adding risk.
The company plans to use the new capital to accelerate automation across the entire borrower journey and scale adoption of LuLu.
