Across the 19 deals reported on by FinTech Global this week, there was a grand total of $1.95bn raised by FinTech firms, reflecting a healthy demand in the sector.
As the balmy 2026 summer rolls on, this week’s funding haul reflects a big jolt upwards compared to last week, where only $350m was raised across 10 deals.
This week’s funding rounds were primarily dominated by high value rounds including PremFina, who secured £400m. Bibby Financial also brought in a powerful €250m facility from HSBC.
Whilst not recorded as a funding round, it was revealed that Databricks are raising funds at an $188bn valuation this week, which for when funding is completed, will represent a giant funding haul for a growing FinTech company.
Sector-wise, WealthTech, financial infrastructure and blockchain-related firms pulled in the most deals at four a piece, and InsurTech firms secured three. CyberTech firms made up a further two, whilst RegTech, AI and PayTech firms pulled in one each.
Once again US firms dominated this week’s funding rankings at ten deals, however, the UK put up quite the fight, pulling in a grand total of five deals. Meanwhile, Israel, Sweden, Indonesia and Malaysia secured one deal each.
Research from FinTech Global this week found that global FinTech investment in Q2 2026 reached $30.9bn across 872 deals, representing a 34% increase in funding compared to the $23bn raised across 850 deals in Q2 2025.
Deal volume held broadly steady, rising by just 3% year-on-year, which means the substantial growth in total capital raised was driven primarily by larger individual transaction sizes rather than a meaningful expansion in the number of deals completed.
Here are this week’s deals.
Forward Financing lands $525m to boost SME lending
Forward Financing, a Boston-based FinTech that supplies capital to small businesses throughout the United States, has closed $525m in fresh financing to bolster its lending capabilities.
The new capital comprises a $350m variable funding note (VFN) facility alongside a $175m asset-backed securitisation (ABS).
The deals replace the firm’s current warehouse facility and add extra liquidity to fuel expansion. Combined with the company’s first ABS issuance, which closed in December 2025, the transactions lift Forward’s total committed funding capacity to close to $700m.
Lloyds backs PremFina with £400m as loan book soars
PremFina, a UK insurance premium finance provider, has secured a new £400m senior debt facility from Lloyds as it expands its funding capacity and continues growing its loan book.
The facility sits alongside PremFina’s existing £100m junior capital facility with Waterfall Asset Management, agreed in March 2026, creating a broader funding structure to support the company’s expansion plans.
PremFina’s loan book has grown by more than 300% over the past 18 months, with the company attributing the growth to its broker relationships, scalable funding model and proprietary technology platform.
Bibby secures €250m HSBC deal to fuel SME growth
Bibby Financial Services, the international financial services provider, has secured a €250m facility from HSBC UK as it looks to deepen its backing of small and medium-sized businesses throughout Europe and Asia.
The arrangement builds on an established relationship between the two firms, delivering back-to-back receivables financing.
With the new facility in place, BFS will keep its overall pool of available funding above £1.1bn, resources it will deploy to help SMEs across the two regions pursue expansion.
Alpaca’s $135m bet on AI-native brokerage infrastructure
Alpaca, a global provider of agent-first brokerage infrastructure, has secured a $135m funding round as it looks to cement its position at the intersection of tokenised capital markets and AI-driven financial services.
The round was led by Peak XV, with substantial backing from Elefund. Other new and existing investors joining the raise included Unbound and Opera Tech Ventures, the venture capital division of BNP Paribas Group.
Together with debt financing provided chiefly by BMO and Payward, the parent of digital asset platform Kraken, the total financing package reaches $435m.
Gauntlet raises $125m to set the rules for DeFi capital
Gauntlet, a digital asset risk and optimisation firm, has secured $125m in a Series C round as it looks to expand its footprint across the markets and institutions building the onchain economy.
The round was led by SBI Holdings through its American subsidiary, SBI Holdings USA.
The fresh capital is earmarked for three near-term priorities: building out infrastructure to deepen Gauntlet’s presence in traditional capital markets, including widening stablecoin coverage from USD and EUR to MXN, JPY and additional foreign currencies; expanding its global headcount with an AI-supported operating model; and deploying capital to launch and accelerate new onchain products.
Lumin Digital secures $115m as valuation hits $1.6bn
Lumin Digital, the Compounding Growth Platform serving banks and credit unions, has raised more than $115m in fresh capital, lifting the company to a $1.6bn valuation.
Over $70m of the total came directly from Lumin’s own clients, who opted to invest alongside the company’s existing shareholders. This client investment follows a $45m growth equity round led by Light Street Capital, bringing the combined new capital to over $115m.
According to the company, the participation of its customer base signals ongoing belief in its strategy, delivery and long-term prospects as it grows its footprint and platform capabilities.
Cover Genius lands $100m
Cover Genius, the global infrastructure provider for embedded protection, has raised $100m in a new funding round, lifting its valuation to $1.9bn.
The investment was backed by Vista Credit Partners, a subsidiary of Vista Equity Partners that provides strategic financing for enterprise software businesses. Morgan Stanley & Co. LLC acted as exclusive placement agent for the transaction.
The InsurTech intends to channel the fresh capital into three areas. It will strengthen ties with enterprise partners through improved integration tools, which it claims are already lifting conversion rates for merchants.
Can Oak’s $60m seed fix the identity security crisis?
Oak, a security company building what it calls an Identity Operating System, has stepped out of stealth with $60m in seed capital to take on the fragmented identity governance market.
The round was co-led by Accel, Greylock Partners and CRV, with additional backing from Hetz Ventures, AlphaDrive Ventures and a group of strategic angel investors. Rather than remaining a concept, Oak’s platform is already generally available and running inside enterprise customers.
AI hedge fund Aethon raises $50m
AI hedge fund Aethon raises $50m using retail-driven market signals Aethon Fund, a newly launched AI-driven hedge fund, has secured $50m in capital as it looks to challenge traditional quantitative investing models by using proprietary market signals developed through years of retail investor data.
The funding includes an allocation held through a separately managed account from a fund of funds, alongside commitments from ultra-high-net-worth individuals and institutional investors Aethon’s investment strategy combines multiple approaches, including long and short positions, momentum, mean reversion and stealth accumulation strategies.
These strategies are reviewed by the investment team before algorithms manage execution, with capital dynamically allocated towards approaches performing best in changing market conditions.
Velocity raises $38m
Velocity, a stablecoin treasury and settlement platform targeting enterprise payments infrastructure, has raised $38m in Series A funding as businesses explore alternatives for cross-border settlement and liquidity management.
The round was co-led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple.
The raise brings Velocity’s total funding to almost $50m since the company was founded in May 2025.
XOVR pours $30m into prediction market firm Kalshi
ERShares, adviser to the Nasdaq-listed ERShares Private-Public Crossover ETF (XOVR), has committed $30m to Kalshi, a federally regulated prediction market business, as part of the Fund’s most recent rebalance.
The deal ranks among the largest private-company holdings in the Fund and gives XOVR exposure to a prominent player in regulated prediction markets. The opportunity was sourced through ERShares’ proprietary VC Lens, a process designed to spot category-defining businesses before they appear in conventional public equity benchmarks.
Feathery lands $30m to rewire financial services workflows
Feathery, an AI operating and decisioning platform for financial services firms, has secured $30m in funding as it expands its technology across the insurance and wealth management sectors.
The funding includes a recently completed Series A round backed by Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures and Bain Capital Ventures.
The San Francisco-based company said the capital will support product development around its AI platform, including expansion of its cross-client data network, alongside hiring across engineering and go-to-market teams.
Hadrius secures $27m to scale agentic compliance
Hadrius, an agentic compliance infrastructure provider serving financial services firms, has closed $27m across its seed and Series A rounds as it looks to unify compliance into a single AI-driven workflow.
The investment was headed by CRV, with backing also coming from Y Combinator, Pathlight Ventures, and the founders of Altruist, Jump AI and FINNY. Over 500 financial institutions and investment firms currently operate their compliance programmes through the platform, and the fresh capital will be channelled into advancing the company’s goal of bringing compliance together into one consolidated AI-native function.
PolicyStreet Series C swells to $26m with BlueOrchard
PolicyStreet, a Malaysian InsurTech group offering digital insurance solutions across Asia and Australia, has reportedly added a further $5m to its Series C round, taking the total raised to $26m.
The fresh capital was provided by BlueOrchard, an impact-focused investor, which deployed the funds via its InsuResilience Investment strategy, according to a report from DealStreetAsia.
With this commitment, BlueOrchard sits alongside a roster of existing shareholders that features Khazanah Nasional, Malaysia’s sovereign wealth fund, Japan’s Cool Japan Fund, as well as venture capital firms Altara Ventures and Gobi Partners.
Risk Ledger raises £24m to boost supply chain security
Risk Ledger, a supply chain cyber security platform, has secured £24m in Series B funding to push companies beyond conventional third-party risk management towards what it calls Active Supply Chain Security.
The round was headed by Axiom Equity, a growth equity fund specialising in B2B SaaS, with participation from Mercia Ventures, which previously backed the business at Series A.
The capital will be used to grow the firm’s UK customer base, build out AI-enabled supply chain security capabilities, and drive its entry into the American market.
Cyclops raises $20m to fix stablecoin gap in payments
Cyclops, a stablecoin infrastructure company built solely for the payments industry, has secured $20m in Series A funding to help payments firms launch stablecoin products at speed.
The round was led by Nava Ventures, with backing from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures and Global PayTech Ventures, the firm run by Javier Perez, the former Mastercard president and a founding investor in Adyen. Nava Ventures’ Kevin Chenault has taken a seat on the Cyclops board as part of the deal.
Although appetite for stablecoins across the payments sector is strong, firms have found it difficult to expand these initiatives while relying on legacy providers.
Indonesian lender JULO secures $5m in funding
Indonesian digital lending platform JULO has reportedly raised fresh capital from its current shareholders, according to a report from DealStreetAsia.
The company is understood to have secured as much as $5m from its leading existing investors, with backers likely including Credit Saison, Quona Capital, Skystar Capital and East Ventures. Sources indicated the deal was probably completed several months ago.
The internal injection arrives at a time when JULO is said to be pursuing a considerably larger fundraising effort.
Float lands €4.5m Series A
Float, the Stockholm-founded revenue-based financing platform serving European tech SMEs, has secured €4.5m in a Series A round as it looks to narrow the funding divide holding back the continent’s startups.
The round was led by Hamburg-headquartered CHAPTERS Group AG, whose CEO Jan-Hendrik Mohr will take a seat on Float’s board.
CHAPTERS’ portfolio spans Swiss wealth management software firm Finfox, German FinTechs Fintiba and Expatrio, and around 60 other vertical market software companies across Europe.
Saible raises £2.9m
Saible, a Birmingham-based construction FinTech developing software to prevent project funds being delayed, withheld or trapped before reaching suppliers, has secured £2.9m in funding.
The total comprises £2.1m previously raised alongside a fresh £800,000 angel round, bringing the company’s overall funding to £2.9m.
In addition to the angel investment, Saible is launching a limited £50,000 allocation hosted on Crowdcube, running from 15 July until 31 July, giving smaller construction firms and industry figures the chance to invest alongside its existing backers.
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