There were 25 deals in the FinTech sector this week, representing a strong uptick in deals, with more than $1.5bn raised across all of them in total.
This represented a positive lift-off from last week’s funding roundup, where only six deals were recorded.
The leading deal this week was for US firm Rain, who secured a Series C raise of a total of $250m.
Geographically, the US dominated this week’s deals with 13 deals in total. Trailing behind with four deals was the UK, whilst the Netherlands, Switzerland, Germany, India, Belgium, Hong Kong and Israel all snapped up one deal each.
Companies specialising in financial infrastructure recording the most deals this week, recording a total of seven deals.
In joint second place was WealthTech and CyberTech, bringing in five deals. InsurTech businesses were responsible for three deals, whilst PayTech firms brought in two. Finally, there was one deal a-piece for LegalTech, ESG and RegTech businesses.
The FinTech sector has come off a strong 2025, with one particularly well performing market being RegTech.
Recent research by FinTech Global detailed that global RegTech deal activity grew by 26% YoY in 2025. Specifically, the US RegTech market recorded a strong year, with total funding reached $5.9bn, representing a 17% increase from the $5bn raised in 2024.
Deal activity also improved, with 381 transactions, up 26% from the 303 deals recorded the previous year.
Here are this week’s deals.
Enterprise payments FinTech Rain secures $250m
Rain, an enterprise-grade FinTech providing infrastructure for stablecoin-powered payments, has raised fresh capital of $250m in a Series C.
The company secured $250m in a Series C funding round led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.
The round values Rain at $1.95bn and brings its total funding to more than $338m, coming just four months after its Series B and 10 months after its Series A.
WeLab secures $220m Series D
WeLab, a pan-Asian FinTech platform operating digital banks and online financial services, has completed a $220m Series D strategic financing.
The Series D round, which combines both debt and equity, represents the largest funding raise since the company’s inception. The financing attracted a broad mix of new investors alongside continued backing from existing shareholders and strategic capital partners.
Payments finance firm BlackOpal lands $200m
BlackOpal, a LATAM-focused global payments finance platform specialising in tokenised real-world assets, has secured significant backing to support the launch of its latest institutional product aimed at opening up Brazilian credit card receivables to global investors.
The launch of GemStone is backed by a $200m, three-year anchor facility structured by Mars Capital Advisors, a Swiss-based firm focused on working capital strategies with approximately $2bn in assets under advisory.
The facility is deployed on BlackOpal’s tokenisation partner, Plume, a blockchain platform dedicated to powering real-world asset-based yield. Draupnir Capital acted as sole lead advisor and capital introduction partner on the transaction.
Alpaca raises $150m Series D
Alpaca, a US-headquartered provider of brokerage infrastructure APIs, has raised significant new funding to accelerate its global expansion.
The company has closed a $150m Series D funding round led by Drive Capital, valuing Alpaca at $1.15bn. Alongside the equity raise, Alpaca also secured a $40m line of credit to further bolster its balance sheet.
As part of the transaction, Drive Capital co-founder and partner Chris Olsen will join Alpaca’s board of directors.
AI security firm Torq bags $140m Series D
Torq, an agentic AI-driven cybersecurity company focused on transforming SOCs has announced the completion of a significant new funding round at $140m.
The company has raised $140m in a Series D funding round, pushing its valuation to $1.2bn and bringing total funding to $332m. The round was led by Merlin Ventures, with participation from existing investors including Evolution Equity Partners, Notable Capital, Bessemer Venture Partners, Insight Ventures Partners and Greenfield Partners.
Founded to modernise how organisations manage security operations, Torq develops an AI SOC Platform designed to automate alert triage, investigations and response at enterprise scale.
AI-driven InsurTech Corgi lands $108m
Corgi, a US-based InsurTech company focused on building a full-stack, AI-native insurance carrier for startups, has raised $108m in funding following regulatory approval to enter the market.
The newly raised capital will be used to scale Corgi’s startup insurance line, including expanding the breadth of coverage offered, growing distribution channels and further developing the AI systems that underpin underwriting, claims and policy management.
The company says this approach allows it to support startups as they grow, evolve and face increasingly complex risk profiles.
osapiens raises $100m
osapiens, a provider of enterprise software for sustainable growth, has secured $100m in Series C financing, pushing the company to unicorn status.
The funding round is being led by Decarbonization Partners, a joint venture between BlackRock and Temasek, and is subject to regulatory approvals.
The latest investment builds on strong backing from existing shareholders, including Goldman Sachs Alternatives, which led the $120m Series B round in 2024, and Armira Growth, which led the $27m Series A investment in 2023.
Aikido Security secures $60m
Aikido Security has reached a major growth milestone with a fresh funding round that values the business at $1bn.
The company has raised $60m in a Series B funding round led by DST Global, with participation from PSG Equity and continued backing from existing investors Notion Capital and Singular.
Founded in 2022, Aikido Security was built to address the growing complexity of modern software development, where applications are continuously updated and increasingly shaped by AI-generated code and autonomous systems.
WitnessAI raises $58m to expand globally
WitnessAI has secured fresh capital of $58m as it looks to accelerate global expansion and broaden its product offering in response to growing demand for secure AI adoption across regulated industries.
The company has raised $58m in strategic funding in a round led by Sound Ventures, with participation from Fin Capital, Qualcomm Ventures, Samsung Ventures and Forgepoint Capital Partners.
Sound Ventures is known as an early investor in companies such as OpenAI, Anthropic and SentinelOne, while the broader investor group brings experience spanning financial services, semiconductors, consumer technology and cybersecurity.
Novee bags $51.5m
Novee has emerged from stealth with $51.5m in total funding, marking one of the fastest early-stage funding trajectories seen in the cybersecurity sector.
The funding round was led by YL Ventures, Canaan Partners and Oren Zeev through Zeev Ventures, backing the company less than four months after its founding as investor interest accelerated alongside growing concerns around AI-powered cyber threats.
Founded to address the widening gap between increasingly automated attacks and largely human-paced security testing, Novee has developed an AI-driven penetration testing platform designed to simulate the behaviour of real-world attackers.
WithCoverage raises $42m
New York-based InsurTech WithCoverage has raised $42m in a Series B funding round as it looks to challenge traditional, commission-based insurance brokerage models for fast-growing businesses.
The Series B round was led by Sequoia Capital and Khosla Ventures, with additional participation from 8VC and Crystal Venture Partners, according to Beinsure.
The funding will be used to expand WithCoverage’s product capabilities, grow its workforce, and support entry into new industry verticals.
Software security firm depthfirst raises $40m
depthfirst, an applied AI lab focused on securing modern software systems, has announced a new funding round as it looks to address the growing risks facing the global software ecosystem.
The company has raised $40m in a Series A funding round led by Accel, with participation from Alt Capital, BoxGroup, Liquid 2 Ventures, Mantis VC and SV Angel.
The round also included backing from a group of prominent angel investors, including Jeff Dean, Kirsten Green, Colin Evans, Logan Kilpatrick and Julian Schrittwieser.
Wint Wealth raises INR 250 Cr
Wint Wealth, an India-based online bond portfolio platform enabling retail participation in corporate bonds, has reportedly secured INR 250 Cr ($27m) in Series B funding to expand its offerings and scale operations.
The funding round was led by Vertex Ventures SEA and India, with participation from existing investors 3one4 Capital, Eight Roads Ventures, Arkam Ventures and Rainmatter, according to a report from Inc42.
VelaFi secures $20m
VelaFi, a stablecoin-powered financial infrastructure platform under Galactic Holdings, has closed a $20m Series B funding round to accelerate the expansion of its global settlement layer.
The latest financing was led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, existing shareholder BAI Capital and other global investors. This $20m Series B brings VelaFi’s total capital raised to more than $40m.
Founded in 2020, VelaFi has deep roots in Latin America and has developed real-world payment infrastructure for complex and underserved markets.
Monnai raises $12m funding
Monnai, a global identity and risk data infrastructure company, has announced fresh equity funding of $12m.
The round was led by Motive Partners, with participation from existing investors including Commerce Ventures and 500 Global.
Founded in August 2021, Monnai provides identity and risk data infrastructure that supports real-time decisioning for financial institutions and digital businesses.
Hospitality payments firm Klearly bags €12m
Klearly, a hospitality-focused payments platform built specifically for restaurants, bars and clubs, has secured fresh funding as it looks to accelerate its expansion across Europe and strengthen its position in a highly competitive payments market.
The Amsterdam-based FinTech has raised €12m in a Series A funding round. The investment was led by PayPal Ventures, with participation from Italian Founders Fund, alongside existing backers Global PayTech Ventures, Antler Elevate and Shapers. The latest round brings Klearly’s total funding to €20m.
MagicCube raises $10m
MagicCube, a software-based security provider for payments and device integrity, has raised $10m in new funding to support its expansion beyond tap-to-phone technology into areas including biometrics, identity verification and AI-driven device security.
The funding round includes new strategic investment from Verifone, alongside continued backing from existing investors Bold Capital, Mosaik Partners and ID Tech.
MagicCube also confirmed participation from a major global investor based in EMEA, which will be disclosed at second closing.
Meld secures $7m
Meld, a provider of infrastructure for accessing digital assets and stablecoins, has closed a $7m strategic funding round to support the expansion of its global network and accelerate go-to-market initiatives.
The funding round was led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital.
Through its platform, Meld enables seamless access and conversion between more than 150 fiat currencies and a wide range of stablecoins and tokens via a single app integration.
Cyb3r Operations raises $5.4m
Cyb3r Operations, a London-based cybersecurity startup, has raised $5.4m (£4m) to help organisations gain continuous visibility into third-party cyber risk across their digital ecosystems.
The funding round was led by Octopus Ventures, with follow-on investment from Pi Labs. Following the raise, Cyb3r Operations’ total funding now stands at $6.75m (£5m).
The company is addressing a growing challenge for enterprises, with more than a third of major cyber incidents now linked to third parties, it said.
ARKK secures £4.5m
Gresham House Ventures, a growth equity investor backing software and technology-enabled businesses, has made a £4.5m follow-on investment into ARKK, a financial automation and regulatory reporting platform focused on supporting the Office of the CFO.
The latest funding sees Gresham House Ventures doubling down on ARKK, having already made two previous investments in the business since 2019.
The investment is intended to support ARKK’s continued commercial momentum, expand its product roadmap to meet new regulatory reporting requirements, enhance the customer experience, and scale its sales and marketing capabilities.
Molten Ventures leads £4m Series A
MAIA Technology, a London-based portfolio management software provider, has raised £4m in a Series A funding round led by Molten Ventures, as it looks to accelerate product development and expand its presence across the investment management sector.
The funding round was led by Molten Ventures, a venture capital firm focused on high-growth technology businesses, with Mountside Ventures acting as adviser to MAIA on the fundraise.
GrowthPal raises $2.6m
GrowthPal, an AI-powered M&A software provider focused on deal sourcing and execution, has raised $2.6m to accelerate the development of its platform and expand its international footprint.
Onsetto closes $2.2m
Onsetto, a FinTech platform designed to help financial institutions capture the core operating account and establish primacy with business customers, has raised $2.2m in a Series Seed funding round to accelerate product development and expand its go-to-market efforts.
The funding round was led by EJF Ventures, with participation from Idea Fund of La Crosse, The Perch Fund, and Minneapolis-based angel investors Daren Cotter and Bobby Astrup.
Ex Nunc Intelligence secures funding
Lausanne-based LegalTech startup Ex Nunc Intelligence has closed an oversubscribed €1.8m pre-seed funding round to further develop its Silex platform and expand its legal intelligence infrastructure.
The funding will be used to accelerate product development, support specialised AI agents for law, and enhance the platform’s data infrastructure, according to Beinsure.
The round was led by Spicehaus Partners and included participation from Bloomhaus Ventures, Active Capital, Aperture Capital, Core Angels, and a syndicate of individual angel investors. The company said the oversubscription reflects strong market interest in AI platforms designed specifically for legal professionals.
Ryan secures minority investment
Ryan, a global tax services and software provider, has announced a significant minority investment from Neuberger Berman Capital Solutions.
The company confirmed that Neuberger Berman Capital Solutions, together with funds managed by Neuberger Berman Private Markets, has committed to acquiring a minority equity interest in the business.
The investment will see Neuberger join Ryan’s current shareholders and long-term strategic partners, Onex Partners and Ares Private Equity Funds.
BirdsEyeView secures funding
BirdsEyeView, a European Space Agency-backed InsurTech, has secured an undisclosed seven-figure investment to support international expansion and accelerate development of its wildfire risk modelling capabilities.
The funding will be used to scale operations across new markets while strengthening the company’s machine learning-driven natural catastrophe models.
The investment round was led by venture and growth equity fund 24 Haymarket, with further participation from all existing investors.
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