Big funding rounds save slow week for FinTech deals – Here are the 12 deals this week

Big funding rounds save slow week for FinTech deals - Here are the 12 deals this week

A total of $1.7bn was raised across 12 FinTech funding rounds this week, which includes Ant International’s colossal $1.2bn Series A. 

Total funding was relatively stable compared to last week, which also had some sizable deals. A total of $1.95bn was raised across 19 deals, with the biggest deal of that week being a $525m round secured by Forward Financing, a Boston-based FinTech that supplies capital to small businesses.

This week’s biggest deal was secured by Singapore-based Ant International, which raised $1.2bn for its Series E round. The deal was backed by Ant Group and Alibaba Group, as well as other unnamed international investors. This capital is earmarked to support Ant International’s global growth, as well as supporting innovation across merchant payments, account management and inclusive financial products.

There were three other deals this week that exceeded $100m. Infrastructure and enterprise software developer Augustus and CyberTech company Glow both raised $180m in their funding rounds.

It is also worth highlighting the funding round from AI-powered InsurTech Corgi, which closed an undisclosed amount for its extended Series B round. The company has been on a fundraising spree this year, having previously raised $160m in May, another $106m three weeks later and now an additional funding round. This fresh capital raise nearly doubles its valuation, going from $2.6bn to $4bn.

Augustus, operates an API-first platform offering operating and FBO accounts alongside named virtual accounts, secured the funds as part of its Series B round. The deal brings its valuation to $1bn. Similarly, Glow also entered the unicorn club, with its $180m round putting its valuation at $1.2bn. the deal also marked Glow’s launch from stealth mode.

Finally, Neo raised $100m through a round led by Andreessen Horowitz and Bessemer Venture Partners. The deal, which also marks Neo’s launch from stealth, will help the RegTech to scale its engineering and go-to-market functions.

In terms of sectors, CyberTech and PayTech led with the most deals, with three apiece. The CyberTech companies to close rounds this week are Glow, Abstract and Empirical Security, while the PayTechs are Ant International, Natural and Neon.

Elsewhere, there were two InsurTech (Corgi and Klaimee) and two RegTech (Neo and Workstreet) deals, as well as deal each for infrastructure and enterprise software (Augustus) and WealthTech (KelAI).

In terms of countries, the US dominated the week with 10 of the deals. There were only two companies based outside of the US, which were Singapore’s Ant International and Germany’s Augustus. However, it is important to note Augustus states it is based in both Germany and the US.

Research from FinTech Global this week found that global FinTech investment in Q2 2026 reached $30.9bn across 872 deals. This marks a 34% increase in funding compared to the $23bn secured in Q2 2025. Deal volume, on the other hand, still increased year-over-year but at a resectable 3%. This indicates a jump in the average deal size, going from $27.1m in Q2 2026 to $35.4m this year.

FinTech top deals Q2 2026

Without further delay, here are the 12 funding rounds covered on FinTech Global this week.

Ant International lands $1.2bn to power cross-border payments

Ant International, a global digital payment, digitisation and FinTech provider, has closed a Series A equity financing round worth approximately $1.2bn to strengthen its cross-border payments and agentic commerce capabilities.

The round drew participation from existing backers Ant Group and Alibaba Group, alongside a number of prominent international investment institutions.

Capital from the raise will be channelled into speeding up the firm’s worldwide growth and driving fresh innovation across merchant payments, account management and inclusive financial products aimed at SMEs and larger enterprises around the globe.

Ant International has operated as an independent business since 2024. Its activities span Asia, Europe, the Middle East and Latin America, where it has assembled a wide-reaching partner ecosystem comprising banks, card schemes, mobile payment providers and technology companies. Through this network, the firm links upwards of 150 million merchants worldwide to a base of more than 2 billion user accounts.

Can AI fix endpoint security Glow bets $180m it can

Glow, an AI-powered endpoint security company built around a prevention-first model, has come out of stealth with $180m in funding and a valuation of $1.2bn.

Sequoia, Cyberstarts, Greenoaks and Redpoint Ventures co-led the round, joined by Index Ventures, Swish Ventures, Lux Capital, Operator Collective and Holly Ventures. The capital is earmarked for scaling the company’s go-to-market operation in the US and building out Glow Labs, its dedicated research unit.

The company’s argument is that AI has fundamentally altered the endpoint, which has become the entry point for AI into the enterprise as staff take up new tools and connect agents more quickly than security teams can vet them.

Glow’s platform hands security teams oversight of everything running on the endpoint. A set of specialised AI agents maps the environment continuously, weighs risk in real time and applies policies automatically, determining which software can enter and which must be stripped out, without holding back the business.

Augustus lands $180m Series B to dollarise the world

Augustus, the company building what it calls the Global Dollar Bank, has secured $180m in a Series B round that values the business at $1bn.

Tiger Global led the investment, which also drew participation from Hummingbird, QED, and the founders of Nubank, Ramp, Circle and Deel.

Further backing came from a group of prominent FinTech and AI entrepreneurs, among them David Velez (Nubank), Karim Atiyeh (Ramp), Sean Neville (Circle), Alex Bouaziz (Deel), Victor Cardenas (Slash), Alan Chang (CRO Revolut), Balaji Srinivasan (CTO Coinbase), Farooq Malik (Rain), Gavin Uberti (Etched), Victor Riparbelli (Synthesia), Alexander Rinke (Celonis), Jamie Cox (Fluidstack) and Jan Oberhauser (n8n). Soma Capital, Road Capital Management, CMT Digital, Brevan Howard Digital and Variant also joined the round.

The fresh capital will support Augustus’ ambition to give financial institutions across the globe direct entry to dollar accounts and payment rails via a modern, federally chartered bank. The company plans to deepen its work with FinTechs and banks across Latin America, Southeast Asia, the Middle East and Africa.

Augustus operates an API-first platform offering operating and FBO accounts alongside named virtual accounts, with transactions available through Swift, ACH, SEPA and stablecoins. The company also intends to keep developing Marble, its proprietary core banking system, which uses AI throughout the bank’s back office to deliver quicker settlement and round-the-clock availability.

Neo lands $100m as agentic AI outpaces security teams

Neo has emerged from stealth with $100m in funding to help enterprises govern the rapid spread of AI agents across their software estates.

The round was led by Andreessen Horowitz and Bessemer Venture Partners, with Craft Ventures and Merlin Ventures also taking part. The fresh capital will be channelled into an aggressive expansion of Neo’s engineering and go-to-market functions, as businesses race to lock down security around fast-growing agentic software adoption.

The company argues that enterprise environments are transforming more quickly than legacy security programmes can keep pace with. Staff are bringing in new AI tools from the ground up, while incumbent vendors are layering agentic features into applications that already sit inside approved corporate stacks.

Neo’s answer is a real-time control layer for shifting software stacks. Its platform delivers five core capabilities. A Neoverse-powered inventory catalogues AI agents, AI-enabled applications, plugins, extensions, MCP servers and traditional software gaining agentic functions, drawing on Neo’s continuously refreshed knowledge base.

Capability and risk intelligence reveals what software can do, what it can reach and whether its configuration is safe. Real-time attribution produces an audit trail linking every action to the responsible human, agent, application or identity. Granular software control lets organisations apply group- or identity-level policies covering tool calls, API access, data movement and agentic workflows.

Finally, native enforcement allows firms to block dangerous activity and malicious models, and redirect out-of-bound prompts, without relying on a separate tool.

Natural raises $30m to power payments for AI agents

Natural, a US startup building a payments stack designed specifically for AI agents, has secured $30m in Series A funding as it races to position itself as the infrastructure layer for a world where software transacts on its own.

The round was led by Forerunner’s Kirsten Green and saw all of the company’s major backers return. Closed when Natural was just 193 days old, it lifts the firm’s total capital raised beyond $40m.

A long list of angels and operators also joined, including Human Capital founders Aarmaan Ali and Baris Akis, Abstract founder Ramtin Naimi, Wischoff Ventures founder Nichole Wischoff, Increase CEO Darragh Buckley, HappyRobot CEO Pablo Palafox, Browserbase CEO Paul Klein IV, Notion co-founder Akshay Kothari, Privy’s Henri Stern and Max Segall, Y Combinator GP Pete Koomen, Profound CTO Dylan Babbs, Brex CBO Art Levy, and Antifund GPs Jake and Logan Paul.

Natural’s thesis is that agents are turning into financial actors in their own right, holding funds, initiating and receiving payments, settling invoices, charging for their output, and operating across currencies, banking networks and payment rails. In its view, this demands financial plumbing purpose-built for machine behaviour rather than human workflows.

The company is developing 13 products in total, six of which have now reached general availability. These are Wallets, FDIC-insured accounts for agents; Vaults, one-way accounts that agents can pay into but never withdraw from; Pay, for sending funds to agents, businesses or consumers; Request, for collecting money from those same parties; Transfer, for moving balances between internal and external accounts; and Connect, which lets developers build platforms and marketplaces on top of Natural.

Three further products, Voice, Accept and Cards, will arrive over the coming months. Voice will let agents capture PCI data such as card details over the phone, Accept will turn agents into merchants, and Cards will allow firms to issue debit and charge cards to agents. A fourth wave is scheduled for Q4, comprising Charge for per-API-call billing on Natural wallets, Credit for issuing credit lines to agents, Direct for letting agents call specific payment rails at runtime, and Billing for success-based charging.

$25m raise backs Abstract’s push to unseat legacy SIEM

Abstract, a company pioneering composable security operations, has closed a $25m funding round as enterprises increasingly abandon monolithic SIEM platforms in favour of architectures that hand them back control of data, AI and cost.

The round was co-led by Cheyenne Ventures and AVP, with participation from Olive Hill Ventures and follow-on backing from existing investors Crosslink Capital and Rally Ventures. It takes Abstract’s cumulative funding to nearly $50m, capping a year in which annual recurring revenue climbed 380%, net revenue retention hit 264% and the customer base tripled. The firm also added 40 strategic hires to support its enterprise expansion.

Abstract’s answer is what it calls AI-Gen Security Operations, a streaming-first platform pairing composable architecture with in-stream detection and AI embedded across the SOC workflow.

Data sources are decoupled from destinations, threats are surfaced while information is still moving rather than after it has been stored, and outbound data can be tiered and routed in the schema each destination expects, including OCSF, ECS and CIM, reducing storage bills. Its Astro AI runs throughout the SOC workflow, and the platform scales across multi-cloud and hybrid environments, allowing analysts to move faster, dig deeper into investigations and have confidence in the results.

The fresh capital will be used to broaden in-stream detection coverage, push Astro AI further across the SOC workflow, and expand the go-to-market team in response to enterprise demand.

Empirical Security lands $25m to fight AI-driven exploits

Empirical Security has closed a $25m Series A round as it looks to arm security teams against the accelerating wave of AI-driven exploits.

Brightmind Partners led the investment, which builds on prior backing from Costanoa Ventures, Hyde Park Angels (HPA) and other investors, lifting the company’s total capital raised to $37m.

The fresh funds will be channelled into scaling the firm’s two core products. The first, Foundation, is a global model that tracks more than 18,000 exploited CVEs to help organisations anticipate threats.

The second, Radiant, is a bespoke predictive engine that is built and fine-tuned for each customer, surfacing the risks most pertinent to that organisation’s specific environment.

Empirical Security argues its models let lean teams separate authentic danger from noise and act more quickly on evidence rather than guesswork. Its customers span sectors where mistaken prioritisation carries heavy consequences, notably technology, healthcare and financial services.

Neon raises $13m as KRAFTON joins Series A round

Neon, a global payments and e-commerce platform for game publishers, has closed a $13m Series A round aimed at helping studios gain independence from app stores.

The round saw KRAFTON Inc. come on board as both a backer and strategic partner, while existing investors A16Z GAMES and Renegade Partners also returned to participate.

The company said the raise reinforces its two core convictions: that the future of gaming should be shaped by publishers and their communities rather than intermediaries and app stores, and that this can only happen if publishers control the customer relationships and economics underpinning their businesses.

Neon operates a global payments and e-commerce platform built to help game publishers increase revenues and reduce their dependence on app stores. The business champions open and transparent commerce, built around clear decision-making, actionable insight and aligned incentives. It was established by payments and FinTech veterans who are also passionate gamers, and positions itself as a partner that shares its playbook, co-pilots decisions and shields customers from complexity, replacing legacy black-box systems with modern, developer-centric infrastructure.

Klaimee lands $5.5m to insure autonomous AI agents

Klaimee, a Y Combinator-backed InsurTech that provides insurance-backed performance warranties for AI agents, has secured $5.5m in seed funding.

The round was led by FundersClub’s Alexander Mittal, with participation from ex/ante, Pioneer Fund, Multimodal Ventures, Kima Ventures, Rebel Fund, Robinhood Ventures, Y Combinator and a group of angel investors.

The company was founded to answer a question it believes the market has yet to resolve: who bears the cost when an AI agent makes a mistake As AI agents evolve beyond copilots into systems that take actions, advise customers, manage sensitive information and operate within enterprise workflows, they introduce failure modes that conventional software never faced.

Klaimee certifies and insures autonomous AI agents. The firm audits an agent’s performance and backs it with AI-specific liability coverage, helping businesses understand and reduce the risks associated with deploying the technology.

KelAI secures $5m seed to automate investment research

KelAI, a company developing an autonomous, AI-driven research engine for institutional investors, has secured $5m in seed funding.

The round attracted backing from Frst, Y Combinator and Robinhood Ventures, alongside a collection of angel investors drawn from both the AI and finance sectors, according to a report from AlleyWatch.

The company was established by Jeremie Cohen, who previously worked as a systematic portfolio manager. Its technology is aimed at hedge funds, traders and institutional investment firms, addressing a persistent problem in the industry: despite having access to unprecedented volumes of data, tooling and computing power, research teams remain hampered by disconnected systems and cumbersome processes.

KelAI’s answer is a platform that converts this scattered workflow into a continuously compounding, AI-native system. The engine is designed to uncover, test and verify trading signals around the clock, operating at a speed that human analysts cannot replicate.

Corgi’s valuation soars to $4bn in new Series B extension

Corgi, an AI-driven InsurTech based in San Francisco, has secured fresh capital at a $4bn valuation, marking its third fundraise in under three months.

The latest deal, reported by Forbes citing multiple sources, nearly doubles the valuation the business commanded in late May. The round, described as a further extension of the company’s Series B, has now closed, though the identity of the participating investors and the size of the raise remain undisclosed.

The pace of Corgi’s capital raising stands out even against the backdrop of an overheated AI market. At the start of May, the firm unveiled a $160m Series B backed by investors including TCV and Kindred Ventures, which pushed it into unicorn territory at a $1.3bn valuation. Only three weeks later, it added a $106m extension from the same backers, lifting its worth to $2.6bn.

The company anticipates a tenfold jump in its revenue run rate by the end of the year, climbing from $45m to $450m.

Corgi describes itself as building the first AI financial infrastructure company. Operating a full-stack insurance platform, the firm offers underwriting, claims management and embedded insurance products aimed at delivering commercial cover that is quicker, more adaptable and more operationally efficient.

Workstreet lands Coalesce backing to fuel compliance hypergrowth

Workstreet, a provider of AI-native cybersecurity and compliance services for businesses operating in regulated sectors, has secured a strategic growth investment from private equity house Coalesce Capital.

Alongside Coalesce, Workstreet’s founders and leadership team are putting their own capital into the deal, signalling their intention to steer the firm through what they describe as its next stage of hypergrowth. For Coalesce, which targets founder-led, technology-enabled services firms, the transaction fits squarely within its stated strategy of scaling category-defining companies.

The private equity firm plans to channel resources into Workstreet’s talent base, technology stack and go-to-market operations, with the aim of cementing the company’s standing as a trusted compliance partner for rapidly expanding enterprises worldwide.

Workstreet serves high-growth enterprise clients across regulated industries globally, pairing seasoned cybersecurity and compliance specialists with AI-driven capabilities. Its offering spans governance, risk and compliance (GRC) work covering upwards of 35 frameworks, among them SOC, ISO, FedRAMP and CMMC, alongside security services such as vCISO, penetration testing and vulnerability management, plus privacy services.

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