Vestwell’s $385m Series E headlined a red-letter week for FinTech funding, with companies raising around $1.29bn across 18 deals as investment momentum continued to build in early 2026.
The size of Vestwell’s round set the tone for the week. The US-based infrastructure platform, which powers savings and retirement products for employers and financial institutions, secured one of the largest FinTech financings so far this year.
The company is using the capital to broaden distribution beyond traditional retirement plans, embed savings more deeply into payroll and benefits systems, and expand its AI-driven data capabilities.
Large financings were not limited to a single outlier. Wayflyer secured a $250m credit facility to expand its non-dilutive working capital offering for fast-growing small businesses, while Jump raised $80m to scale its AI-native operating system for financial advisers. Together, these rounds pushed weekly funding well above the billion-dollar mark.
Infrastructure and core systems take centre stage
Funding this week was concentrated around companies building core financial and enterprise infrastructure, which accounted for seven of the 18 deals.
Beyond Vestwell, capital flowed into platforms focused on modernising how financial services operate behind the scenes. Venice raised $33m to overhaul privileged access management for enterprises operating across cloud and AI environments, while Cogent secured $42m to automate vulnerability remediation using autonomous AI agents. Avantos also raised $25m to expand its AI-native operating system for onboarding and servicing clients at financial institutions.
PayTech was the second most active subsector, with four deals. Wayflyer’s credit facility anchored the category, alongside funding for platforms modernising receivables, payments, and embedded finance for traditional industries.
WealthTech recorded three deals, led by Jump’s $80m round. The company is using the capital to deepen its AI orchestration layer as it expands from a meeting assistant into a broader operating system for advisory firms.
InsurTech saw two financings. AI-driven insurance platform mea secured a $50m minority investment to accelerate international expansion, while Qumis raised seed funding to scale its attorney-trained AI for commercial insurance coverage analysis.
RegTech also captured two deals. Indian identity verification firm IDfy raised $53m to support international growth and acquisitions, while Sphinx secured seed funding to expand its browser-native compliance agents across financial institutions.
US dominance holds, with global hubs still active
Geographically, the United States once again dominated weekly activity, accounting for 12 of the 18 deals tracked. That concentration mirrors longer-term trends identified by FinTech Global, which found that US firms accounted for 44% of all global FinTech deals in 2025, maintaining their lead even as overall deal volumes declined.
While the US strengthened its position at the top of the market last year, the composition of large deals has begun to shift. Germany, India and the United Arab Emirates all entered the global top 10 for FinTech deals in late 2025, signalling a gradual concentration around major hubs and high-growth regions.
That pattern was visible again this week. India recorded a significant RegTech round through IDfy, Germany landed a single enterprise-focused deal, and the UAE featured via a WealthTech and investment platform financing.
Lithuania also appeared on the map through a RegTech raise, highlighting continued activity across Europe’s emerging compliance and infrastructure ecosystem.
Vestwell secures $385m to accelerate unified savings platform
Vestwell, the US-based infrastructure platform powering the modern savings economy, has raised $385m in a Series E funding round.
The Series E round, led by Blue Owl Capital and Sixth Street Growth, also saw participation from new and existing investors including Neuberger Berman, SLW, Morgan Stanley, Franklin Templeton, TIAA Ventures and HarbourVest. JPMorgan acted as placement agent and structuring agent in connection with the financing.
This latest funding nearly doubles Vestwell’s valuation since its 2023 Series D round and brings total capital raised to $660m. The company has surpassed $200m in annual recurring revenue and continues to grow profitably.
Vestwell is deploying the capital to broaden distribution across all channels where income is earned and benefits are delivered, advance intelligent, AI-driven data experiences, and extend savings pathways beyond traditional retirement plans.
A key priority is embedding savings more deeply into payroll systems, benefits platforms, financial institutions and government-led public programmes to reach workers and families at the point where saving actually occurs.
FinTech Wayflyer secures $250m credit facility
Wayflyer, a FinTech specialising in working capital solutions for fast-growing small businesses, has secured fresh institutional backing of $250m.
The company has agreed a $250m, two-year credit facility with ATLAS SP Partners, the warehouse finance and securitised products business majority owned by Apollo funds.
The deal is designed to increase Wayflyer’s lending firepower at a time when demand for flexible, non-dilutive capital is rising among small and medium-sized enterprises (SMEs).
Founded to address funding gaps left by traditional banks, Wayflyer provides growth capital to small businesses, particularly online merchants, that may struggle to access conventional financing. Its model focuses on offering fast, flexible funding that allows founders to invest in inventory, marketing and expansion without giving up equity.
The newly secured facility will be deployed directly to support ambitious founders with clear growth plans. Wayflyer said the additional capital will help it continue scaling while maintaining credit quality, as it seeks to balance rapid expansion with disciplined underwriting. The agreement also follows the company surpassing $100m in annual revenues, marking a significant milestone in its growth trajectory.
To date, Wayflyer has deployed more than $6bn to thousands of businesses globally. It has built what it describes as a diversified and growing institutional funding base, reflecting increasing appetite among investors for exposure to alternative SME credit. The company said demand for non-dilutive funding among online merchants continues to increase, particularly in the United States.
Jump secures $80m Series B to scale AI for advisors
Jump, an artificial intelligence platform for financial advisors, has raised $80m in a Series B round to accelerate the development of its AI-native operating system for advisory firms.
The funding round was led by Insight Partners, with participation from new investors F-Prime, Allianz Life Ventures, TIAA Ventures and Peterson Partners.
Existing backers Battery Ventures, Sorenson Capital, Pelion Venture Partners and Citi Ventures also joined the round, alongside angel investors Hans Tung, Ryan Anderson and Aaron Skonnard.
The latest investment brings Jump’s total capital raised to $105m, following a $20m Series A led by Battery Ventures last year.
Founded by repeat FinTech entrepreneurs, Jump claims to be the fastest-growing WealthTech software application in industry history, scaling from launch to 27,000 advisors in under two years. The company is currently adding more than 2,000 advisors each month, with nearly one in ten US financial advisors now using the platform.
Jump’s AI-native technology has processed what it describes as a cumulative 183 continuous years’ worth of client meetings, completing millions of tasks for advisory, insurance and other financial services firms managing an estimated $12tn in assets.
The new capital will support the expansion of Jump’s intelligence and AI orchestration layer, building on its AI meeting assistant and broadening into a more comprehensive operating system for modern advisory firms.
Identity verification firm IDfy secures $53m
Indian online identity verification firm IDfy, a RegTech platform specialising in digital trust, compliance and fraud prevention, has secured fresh capital as it looks to scale both at home and overseas.
The company raised 476 crore rupees, equivalent to $53m, in a series F funding round comprising a mix of primary and secondary transactions, said Tech in Asia.
The round was led by Neo Asset Management’s Neo Secondaries Fund, with participation from existing backers Blume Ventures, Analog Capital, Elev8, IndiaMART and Kae Capital.
Founded in 2011, IDfy provides a suite of digital verification and risk management solutions designed to help enterprises onboard customers securely and meet compliance obligations. Its offerings span digital onboarding, background verification, fraud detection and broader risk mitigation tools.
The platform supports more than 500 enterprise clients across over 10 sectors, operating in seven countries. By combining data science, artificial intelligence and workflow automation, IDfy aims to help businesses reduce fraud, streamline compliance and improve customer experience in an increasingly digital economy.
The primary capital from the latest raise will be directed towards acquisitions, international expansion and further product development. The company is seeking to deepen its technological capabilities while expanding into new markets, as demand for identity verification and compliance tools continues to grow amid tightening regulatory scrutiny and rising fraud risks.
AI-driven InsurTech mea lands $50m minority stake from SEP
mea, an AI-native InsurTech, has announced a significant minority growth equity investment as it looks to accelerate its global expansion and deepen engagement with customers across the (re)insurance market.
The company has secured $50m in funding from SEP, a growth equity investor known for backing enterprise technology businesses. The transaction represents mea’s first external capital raise, following several years of organic, profitable growth.
Founded in 2021, mea develops proprietary insurance-specific artificial intelligence designed to automate end-to-end operational processes for carriers, brokers and managing general agents. Its products are pre-trained on the language, data structures and regulatory requirements of insurance, allowing for rapid deployment without invasive system integration. The platform is already live across 21 countries and has processed more than $400bn in gross written premium to date.
The fresh capital will be used to accelerate product development and increase customer engagement as mea continues to scale internationally. The company said the investment would support its ongoing expansion across all (re)insurance operations, building on growth plans first outlined in October last year.
Ascent raises $45m Series C to expand student lending
Ascent, a provider of innovative financial products and student support services, has closed a $45m Series C funding round.
The round was led by an unnamed global asset manager and provides fresh capital to strengthen Ascent’s leadership team, scale its education financing platform and expand into new education verticals.
The company has built momentum through partnerships with more than 2,300 institutions and training providers, contributing to a 30% year-on-year rise in loan originations.
Over the past decade, Ascent has disbursed more than $1.5bn in education loans to over 168,000 families. Its product suite spans traditional college loans, including both cosigned and non-cosigned options, as well as outcomes-based financing models.
With the new capital, Ascent is advancing several product initiatives. Its Graduate Outcomes Based Loan Product assesses students based on expected post-graduation earnings rather than solely on credit profiles, aiming to widen access to postgraduate education.
The Aviation Loan Program targets aspiring pilots facing training costs that can exceed $100,000 and are often ineligible for federal aid, evaluating borrowers on anticipated starting income.
Security AI platform Cogent bags $42m Series A
Cogent Security, a cybersecurity company building autonomous AI agents for enterprise vulnerability remediation, has raised new capital totalling $42m.
The company has secured $42m in a Series A round led by Bain Capital Ventures, with participation from existing investor Greylock Partners and Definition. Founders and executives from OpenAI, Abnormal Security, and Datadog also invested personally. The latest funding brings Cogent’s total capital raised to $53m, just six months after its official launch.
Cogent focuses on what happens after vulnerabilities are discovered. While modern scanning tools can identify weaknesses in software systems, many enterprises struggle with the manual coordination required to remediate them. In 2025 alone, more than 48,000 new software vulnerabilities, known as CVEs, were published – a 162% increase compared with five years ago.
At the same time, attackers are increasingly using AI to identify and exploit weaknesses within minutes of disclosure. By contrast, defensive teams can take days or even weeks to fix issues, often slowed by fragmented ownership records, ticketing backlogs and competing engineering priorities.
The company’s AI agents are designed to automate this remediation process end-to-end. According to Cogent, its agents investigate vulnerabilities, determine system ownership, assess real-world risk within a given environment and generate actionable remediation steps for engineers. They then track fixes through to verified completion. Customers using the platform have reduced exposure windows for critical risks by an average of 97%.
Cogent said it plans to use the new funding to accelerate product development, expand enterprise deployments and further build out what it describes as agentic security systems that operate with governance and oversight at scale.
Venice secures $33m to modernise enterprise access
Venice, an adaptive privileged access platform formerly known as Valkyrie, has launched with $33m in total funding, including a $25m Series A, to modernise enterprise privileged access management for the AI era.
The Series A round was led by IVP, with backing from Index Ventures, Vine Ventures, Holly Ventures and angel investors.
Venice’s platform removes standing access by default, uncovering and controlling privileges across human, machine and AI-driven identities. It grants access only when required and revokes it immediately after use.
The company already works with Fortune 500 enterprises across finance, media, hospitality, manufacturing, healthcare and technology, claiming to have reduced standing privileges by 99%. Venice operates from Tel Aviv and New York, with women representing 40% of its team.
Founded by Rotem Lurie, CEO and former head of product at Axis Security, and Or Vaknin, CTO and previously part of the founding teams at Transmit Security and Flow Security, Venice delivers real-time access control across cloud, SaaS, on-prem and AI-driven environments. The agentless platform enables enterprises to manage sensitive access at scale while maintaining operational speed.
Digital property platform Stake bags $31m
Stake, the region’s leading digital real estate investment platform, has announced the close of a $31m oversubscribed Series B.
The round was led by Emirates NBD, one of the largest banking groups across the Middle East, North Africa and Türkiye (MENAT), with participation from the MENA Venture Capital Fund at Mubadala Investment Company, Middle East Venture Partners (MEVP), Property Finder, STV NICE, Wa’ed Ventures, GFH Partners and Ellington Properties. The deal takes Stake’s total funding to date to $58m, underlining its rapid ascent within the Middle East’s FinTech ecosystem.
Founded to modernise access to real estate, Stake enables investors to gain regulated, transparent exposure to property markets through a digital platform. It positions itself as infrastructure connecting global capital with high-quality real estate opportunities, allowing individuals to invest across borders in assets that were traditionally difficult to access. By combining regulatory oversight with technology, the company aims to simplify ownership structures and provide clearer visibility into performance and returns.
The fresh capital will be used to deepen Stake’s footprint in Saudi Arabia, identified as its most immediate and strategic growth market. In the fourth quarter of 2024, Stake became the first CMA-regulated investment platform to open the Kingdom’s property market to global investors. Since then, it has launched three Saudi real estate funds, attracting 6,930 international investors and directing more than SAR 416m into the local property sector. The new funding will support the expansion of its CMA-regulated offering and strengthen local capabilities as demand from both regional and overseas investors accelerates.
Avantos secures $25m Series A to scale AI platform
Avantos, an AI-native operating system designed to transform how financial institutions onboard and service clients, has raised $25m in a Series A funding round.
The Series A was led by Bessemer Venture Partners, with participation from new strategic investors including The Guardian Life Insurance Company of America, SEI and Vanguard.
The latest raise follows a $10m seed round completed in September 2024, led by E14 Fund, with backing from M13, Mercer Advisors and Blue Collective.
Avantos plans to use the new capital to continue investing in its platform, expanding its AI agents and building deeper integrations with custodians, CRMs, portfolio management systems, underwriting solutions and policy administration platforms.
The company was founded on insights developed by co-founders Bassam Chaptini and Rabih Ramadi, drawing on their experience in financial services. They identified that while firms often have ambitious strategies to strengthen and deepen client relationships, the fragmented systems they rely on are not designed to support seamless execution across the client lifecycle.
Avantos addresses this challenge with an AI-native system built on a knowledge graph that creates contextual understanding around client relationships. By linking products, service teams, workflows and service expectations within a single environment, the platform enables both AI agents and human teams to operate from a shared source of truth. This allows AI to reason across relationships, orchestrate work and execute tasks across multiple systems with appropriate oversight. The result is intended to deliver a consistent, personalised, compliant and scalable model for onboarding and servicing clients.
VulnCheck lands $25m to expand threat intelligence
VulnCheck, a US-based exploit intelligence company focused on delivering machine-consumable vulnerability and threat data, has raised capital totalling $25m.
The company has secured $25m in a Series B funding round led by Sorenson Capital, with participation from National Grid Partners and existing investors Ten Eleven Ventures and In-Q-Tel (IQT). The latest raise brings VulnCheck’s total funding to $45m.
VulnCheck provides exploit intelligence designed to close what it describes as the “exploitation-timing gap” – the critical window between when a software vulnerability is disclosed and when it is actively exploited. Its platform delivers autonomous, machine-ready datasets built on first-party evidence of exploitation. It scans more than 500m records covering all common vulnerabilities and exposures (CVEs) from over 500 sources, enabling security teams to identify which flaws are genuinely being weaponised rather than relying solely on traditional vulnerability scans.
By refreshing its data multiple times per day, VulnCheck aims to provide defenders with near real-time visibility into threat actor activity, ransomware links and exploit proof-of-concepts circulating in the wild. The intelligence feeds into cybersecurity products and incident response workflows used to protect enterprises, critical infrastructure and government bodies.
The company said it will use the new funding to accelerate growth and expand its intelligence capabilities, strengthening automation and AI-powered emerging threat detection. The goal is to support global organisations in responding to increasingly compressed exploit timelines and to meet growing demand for its threat intelligence services.
Stacks raises $23m Series A to scale agentic AI
Stacks, an agentic AI platform for enterprise finance teams, has raised $23m in a Series A round.
The Series A was led by Lightspeed, with EQT Ventures, General Catalyst and S16VC doubling down on their investments.
The raise comes less than a year after the company secured $12m in seed funding led by General Catalyst. Since that seed round in February 2025, Stacks has onboarded 30 enterprise customers, including Epidemic Sound, Pleo, Cleo and Bloom & Wild.
Stacks claims to have saved finance teams more than 100,000 hours annually by automating reconciliations, journal entries and the month-end close.
Stacks has focused on addressing fragmented financial data, which is often spread across ERPs, spreadsheets, data lakes and legacy systems. The company has built a dedicated financial data layer that connects directly into finance systems to create a consistent view across platforms. It has also developed deterministic machine-learning tooling to ensure reliable automation at enterprise scale, before deploying AI agents to handle operational workflows across the finance stack.
Payra raises $15m to modernise receivables
Payra, a FinTech specialising in accounts receivable automation for construction and industrial suppliers, has secured fresh funding of $15m.
The company focuses on helping firms upgrade their receivables operations without replacing the enterprise resource planning (ERP) systems that sit at the centre of their finance functions.
The company has raised $15m in a growth investment from Edison Partners. The capital injection is designed to accelerate Payra’s expansion as demand grows among traditional businesses seeking to digitise payments and reconciliation without undertaking costly system overhauls.
Founded to address inefficiencies in construction and building supply finance operations, Payra integrates directly into established accounting platforms such as Trimble Viewpoint, Foundation, Sage and Netsuite.
Rather than requiring companies to “rip and replace” their existing infrastructure, the software embeds into legacy ERPs, enabling users to accept ACH, card and other digital payments. It also automates cash application and reconciliation processes, even within systems that often lack modern APIs, using proprietary AI-enabled technology.
The firm primarily serves a sizeable yet underserved segment of the US economy, valued at around $200bn, made up of construction suppliers, concrete producers, lumber yards, HVAC distributors and other industrial businesses.
Monark secures $8.1m to expand retail private access
Monark Markets, a New York-based FinTech building infrastructure that connects brokerage firms and wealth platforms to private markets, has raised $8.1m in a strategic funding round to accelerate the expansion of its embedded investment rails.
The round was led by F-Prime, with participation from The Treasury, Commerce Ventures, Grit Capital Partners and BBAE Holdings.
The fresh capital will be used to grow Monark’s distribution network through integrations with additional brokerage and wealth management platforms, as well as to broaden access to new products and asset classes including evergreen funds, fractional real estate and secondary trading of private securities.
Monark’s API-first infrastructure already supports major FinTech platforms such as Apex Fintech Solutions, Altruist Financial and BBAE. Through these integrations, private market investments are embedded directly into existing customer accounts, reaching more than 30 million retail investors and $450bn of captive assets.
The platform provides access to Pre-IPO companies alongside 40 Act registered evergreen funds from established alternative asset managers.
As demand for private markets increases, Monark aims to address what it sees as a critical infrastructure gap for brokerage and wealth platforms. It claims many firms still lack the systems required to manage the full alternative investment lifecycle, including deal sourcing, subscription processing, custody and reporting, and secondary liquidity, within their native investor environments.
Sphinx secures $7.1m to expand global compliance agents
Sphinx, a RegTech company developing browser-native compliance agents for financial institutions, has raised $7.1m in seed funding as it looks to scale its technology across banks and FinTechs.
The funding comes as financial institutions face rising regulatory demands and growing compliance workloads, making it increasingly difficult to manage anti-money laundering (AML), know your customer (KYC), and know your business (KYB) processes without expanding headcount or adding operational cost.
Founded by Alexandre Berkovic and Chrisjan Wüst, Sphinx builds compliance agents that operate directly inside the software tools already used by compliance teams. Rather than requiring new dashboards or system integrations, its agents work within case management platforms, third-party portals, PDFs, email, and internal dashboards, replicating the tasks typically carried out by human compliance analysts.
The product is designed to review alerts, conduct AML and KYB checks, gather supporting research, draft requests for information (RFIs), and document decision-making. Each action is recorded in a regulator-ready audit trail intended to provide institutions with a complete and defensible record of compliance decisions.
The seed round was led by Cherry Ventures, with participation from Y Combinator, Rebel Fund, Deel Ventures, and Singularity Capital. The funding will be used to scale Sphinx’s agent-based compliance workforce and support further customer growth.
Copla secures €6m to scale RegTech platform
Copla, a Vilnius-based ICT compliance platform serving regulated European firms, has raised €6m in a Series A round to accelerate product development and international expansion.
The round was led by Iron Wolf Capital, with participation from Operator Stack and existing investors Specialist VC, SuperHero Capital, FirstPick, NGL Ventures and Loggerhead Partners.
The company will use the funding to expand its product offering, grow its team and scale beyond the EU.
Founded in 2023, Copla now serves more than 100 regulated customers across Europe and has reached seven-figure annual recurring revenue within just over a year of its previous seed round. The company positions itself as an operational compliance layer, translating frameworks such as DORA, the EU Artificial Intelligence Act and the Cyber Resilience Act into guided, evidence-based workflows.
Its platform replaces static spreadsheets and registers with real-time tracking of assets, vendors, risks and controls, aiming to keep firms continuously audit-ready. In addition to its software, Copla provides in-house and fractional CISO support and works with partner providers across Europe.
Commercial InsurTech Qumis raises $4.3m to scale AI platform
Qumis, a commercial InsurTech specialising in attorney-trained artificial intelligence for insurance coverage intelligence, has announced a $4.3m injection of seed capital as it looks to accelerate growth in a rapidly evolving insurance technology market.
The company bagged the capital in an oversubscribed seed funding round led by MTech Capital, with participation from new strategic backer American Family Ventures alongside all existing investors. Following the close of the round, Qumis’ total funding now stands at $6.75m.
Founded to address long-standing inefficiencies in commercial insurance coverage analysis, Qumis positions itself differently from much of the current wave of insurance-focused AI investment.
While many InsurTech platforms concentrate on workflow automation or document processing, Qumis has built an AI system trained by attorneys that blends deep coverage expertise with market intelligence.
The aim is to provide brokers, underwriters and claims professionals with insights that would traditionally require both external legal counsel and dedicated data operations teams.
Tangible secures $4.3m seed to scale hardtech debt
