This week saw a total of $808m raised across a total of 12 deals, with the leading round centering on a capital fund raised by Team8.
This was slightly up on last week’s raises, where a total of $673m was raised across 15 FinTech deals.
The most dominant sector this week was financial infrastructure, which saw five deals in total. PayTech, CyberTech and WealthTech firms saw two deals, and InsurTech pulled in one.
The US dominated for funding rounds this week, pulling in eight deals. Israel, the UK, Canada and France secured one deal each.
Here are this week’s deals.
Team8 grows to $2bn AUM with new $365m war chest
Team8, the venture creation platform focused on cybersecurity, software infrastructure, FinTech and digital health, has announced $365m in new capital, comprising a $265m third fund for Team8 Capital and more than $100m earmarked for follow-on investment in its top-performing portfolio companies.
The new capital takes Team8’s total assets under management to close to $2bn across eight funds, a milestone reached since the firm’s founding in 2014.
The firm said the fresh funding will be directed towards backing seed and Series A founders operating in sectors it views as being reshaped by artificial intelligence, including cybersecurity, software infrastructure, FinTech and digital health, areas it believes are experiencing heightened urgency and opportunity as enterprises adopt AI at scale.
Team8 has structured its investment approach around close, hands-on collaboration with founders from a company’s earliest stages. This involves pairing capital with a multidisciplinary in-house team and its network of enterprise C-level executives, known internally as “Villages,” with the stated aim of helping companies refine their value proposition, test their solutions and scale more efficiently.
The firm describes its portfolio founders as “ProFounders,” a term it uses to characterise the long-term relationships it builds with entrepreneurs across successive funding stages, continuing to provide support as those businesses expand.
Team8 said the additional capital will reinforce its capacity to identify promising founders early, support the development of purpose-driven companies and remain engaged as long-term partners throughout their growth. The firm also acknowledged the contribution of its limited partners, founders, internal team and wider community in reaching this stage, and signalled its intention to continue expanding.
HappyRobot lands $150m as agentic AI hits enterprise scale
PointsKash secures up to $100m to fuel national rollout
PointsKash, a FinTech, payments, loyalty rewards and digital commerce company, has secured an expanded strategic capital commitment of up to $100m from Hawk Capital Investors, structured to carry the business through two critical stages of its national commercialisation and growth strategy.
The arrangement is split into two phases. An initial tranche of up to $35m will be made available through 30 October 2026 to fund immediate commercialisation priorities, while a second phase of up to $65m in growth capital is earmarked for release between February and 30 April 2027, contingent on PointsKash hitting agreed operating, commercial and deployment targets and meeting standard closing conditions.
PointsKash plans to direct the first tranche towards refurbishing and rolling out roughly 2,100 company-owned KashPoint financial services kiosks, alongside technology and platform integration work, merchant activation, development of its PK Pay product, and reinforcing working capital and operating reserves ahead of a wider national launch.
The follow-on capital is intended to accelerate the business once it moves past initial commercialisation into full-scale national deployment, covering expanded kiosk manufacturing and installation, merchant onboarding, field operations, platform integration and consumer activation across a growing network of enterprise merchants.
The expanded structure emerged from earlier talks in which Hawk Capital had originally been weighing a smaller, near-term investment. As PointsKash’s deployment timeline and capital needs became clearer, the two parties worked out an arrangement that positions Hawk as a principal anchor investor spanning both the commercialisation phase and the subsequent national rollout.
PointsKash regards the timing as significant given it is simultaneously advancing several enterprise partnerships, preparing its kiosk fleet for deployment, broadening its merchant distribution and continuing to build out a financial commerce ecosystem intended to link cash, payments, loyalty value, digital assets and mobile financial services.
PointsKash is building an integrated financial commerce ecosystem anchored by its KashPoint Pro, KashPoint Lite and KashPoint Express offerings, together with PK Pay. The platform is designed to widen consumer access to everyday financial services while giving merchants a way into an increasingly digital, mobile and loyalty-driven economy.
PointsKash CEO Michael Herron said, “This is about much more than funding a near-term capital requirement. We are building the infrastructure for a national financial commerce platform, and that requires a capital partner that understands both the scale of the opportunity and the importance of executing in stages. Hawk has the opportunity to become a meaningful long-term anchor investor as we move from commercialization into national rollout.”
Herron added, “We believe the financial industry is entering a period of profound change as traditional banking, digital payments, loyalty value and digital currency increasingly converge. PointsKash is building a bridge between those worlds through a combination of physical access points, mobile technology and merchant distribution. We are excited about the road ahead and the role this capital relationship can play in helping us execute that vision.”
Corma raises $60m to fix AI’s cyber defence gap
Corma has raised $60m in seed funding, with the round led by Sequoia Capital and joined by Khosla Ventures and Coatue.
The company, which already counts Fortune 100 clients among its customers, is building what it describes as the first foundation model designed specifically for defensive cybersecurity work.
The raise comes as Corma highlights a widening gap between offensive and defensive capabilities in AI-driven cybersecurity. According to research the company conducted using simulated enterprise environments modelled on Fortune 500 organisations and equipped with the security tools typically found in large companies, AI models tasked with attacking these environments succeeded 88% of the time.
When the same models were then asked to defend against the threats they themselves had planted, they detected just 12% of them.
Corma argues that general-purpose foundation models from providers such as OpenAI, Anthropic and Google have made rapid progress in coding and software reasoning, and that these same skills translate directly into offensive security work, since vulnerability research and exploit development are fundamentally code-reasoning tasks.
Defensive cybersecurity, by contrast, requires sifting through large volumes of security data such as audit logs, events and network flows, spotting weak signals across long timeframes, and maintaining consistency across large numbers of sequential decisions, a different skillset that Corma says current models have not been built to handle.
Corma’s platform is designed to be onboarded in a similar way to a new employee, with its AI agents then working across the breadth of defensive security functions once deployed. The company says its agents can continuously learn from the environments they are placed in and scale according to demand in a way that human teams alone cannot match.
Since its launch six weeks ago, Corma’s AI workforce has already been deployed across Fortune 100 and Fortune 500 organisations in sectors including healthcare, financial services, energy, critical infrastructure and retail. The company reports that these early deployments have cut threat response times by more than 94%, extended security coverage 15-fold across different security functions, and surfaced multi-stage attack campaigns that might otherwise have gone unnoticed.
Corma Co-founder and CEO Alon Pluda said, “The race to general intelligence in cybersecurity has already begun, and the attackers have a significant head start. AI-powered attacks are operating at a speed and sophistication that neither human teams, better tooling, nor general-purpose AI can match.
“It requires a complete AI-powered defensive workforce, built from the ground up for cybersecurity, that gives defenders the same speed, sophistication, and generalization that AI has already given attackers. Corma’s mission is to make sure the defenders win this race – and every challenge that comes next.”
Yuno raises $45m Series B to scale payments OS
Yuno, the AI-native operating system of global payments and financial services, powering the financial infrastructure of enterprise merchants, banks and wallets, has announced a $45m Series B funding round.
The round was led by Global PayTech Ventures, with participation from Andreessen Horowitz, Tiger Global, QuantumLight Capital, the AI-focused venture firm founded by Revolut chief executive Nik Storonsky, Monashees, Kaszek and Endeavor Catalyst.
Strategic regional backers also joined the raise, including Rasmal Ventures, Qatar’s first investment firm, backed by the Qatar Investment Authority, Further Ventures, the sovereign-backed investment firm headquartered in Abu Dhabi, and GrowthX Capital, backed by technology investor Hamad Al-Hajri.
The fresh capital is earmarked for accelerating Yuno’s route to profitability while reinforcing its standing as a leading player in global financial infrastructure.
Proceeds from the round will be channelled into research and development, next-generation payments technology, and further build-out of the company’s global infrastructure as it continues to underpin payments for enterprise clients worldwide.
Over the past twelve months, Yuno recouped more than $5bn in transaction volume that would otherwise have failed, boosted authorisation rates by roughly 5%, and helped merchants cut processing costs by upwards of $500m. During that same window, the firm rolled out 150 new integrations and broadened its local reach on every continent.
Built to be payment-method agnostic, Yuno links businesses to more than 1,000 payment methods and upwards of 460 integrations spanning over 190 countries through a single API, bundling in smart routing, streamlined one-click checkout and AI-driven fraud protection. This means merchants can launch in a new market within days rather than months.
The gaming sector illustrates the point well: when a major title goes live, players sign in from across the globe within the same hour, each reaching for a preferred local payment option, be it a mobile wallet in Southeast Asia, a voucher in Latin America or carrier billing in the Middle East. Yuno absorbs all of these through one connection, keeping launch days running smoothly and ensuring no revenue slips through the cracks. For large enterprises, the network folds every market into one integration while layering in fraud screening, KYC/KYB checks and continuous optimisation that sharpens acceptance and routing over time.
Founded in Colombia in 2022, Yuno has increasingly formed partnerships with banks and payment providers that white-label its technology, among them dLocal, the Nasdaq-listed cross-border payments platform, and Prosa, Mexico’s largest payments processing network, allowing a single agreement to cover an entire market.
Extending its footprint is a central aim for this funding round, with clients pushing Yuno to take on more of their payments stack. In response, the company plans to broaden into in-person payments, deepen its agentic commerce offering, and grow its presence in the United States.
Yuno Co-Founder and CEO Juan Pablo Ortega said, “Most companies raise a Series B to buy growth. We’re raising ours to meet our customers’ growth, and extend our lead, with a clear line to profitability in the year ahead.
“AI has changed the economics of building this company. We grow faster and operate leaner than the generation of infrastructure players before us. Being local everywhere is the hardest problem in payments, and anyone starting on it today is at least two years behind. With this round we intend to consolidate that leadership on a truly global scale, with real financial discipline.”
Rasmal Ventures partner Soumaya Ben Beya Dridje said, “The hardest problem in payments is being genuinely local everywhere, and Yuno has solved it at global scale, which is exactly why it resonates in our region.
“The Gulf is now one of the fastest-growing payments markets in the world, and its future runs along the region’s new trade corridors, the same wallets, rails, and shoppers Yuno already connects. We invested because Juan Pablo and his team are building the infrastructure those corridors need, and because they pair that global ambition with real financial discipline. That combination is rare, and it’s precisely what we back.”
Mindgard raises $30m to tackle AI security risks
Mindgard, an AI security company headquartered in Boston and London that grew out of more than a decade of research at Lancaster University, has closed a $30m Series A funding round.
The round was led by Album VC, with participation from Karma Ventures alongside existing backers .406 Ventures, Atlantic Bridge, IQ Capital and Lakestar.
Mindgard intends to put the fresh capital towards scaling its product, engineering, sales and marketing functions as it responds to growing customer demand.
The company brings together specialist AI security research and offensive security know-how to help organisations test and safeguard their AI systems from attackers. Drawing on what it describes as the world’s largest AI security lab at Lancaster University, Mindgard has built what it says is the first platform capable of capturing and exploiting a newly identified “psycho-technical” attack surface found within AI models, agents and applications.
The firm has already publicly disclosed more than 150 significant security and safety flaws across widely used AI products, ranging from a zero-day code execution bug in the Cursor IDE to a trusted-workspace weakness in Google Antigravity and shortcomings in ChatGPT’s image-generation guardrails. This intelligence feeds into a proprietary knowledge base that continually sharpens the Mindgard AI Security Platform, giving security teams ongoing access to advanced offensive and defensive tools at a scale the company says rivals cannot match.
Mindgard’s platform helps organisations discover, assess and defend their AI estates through capabilities including Shadow AI discovery, AI red teaming and run-time AI protection, covering models, agents and applications alike.
The new funding round follows a rapid rise in Mindgard’s adoption across a large share of the Fortune 2000 as well as other AI-focused businesses operating in financial services, pharmaceuticals, gaming, digital services, semiconductors and healthcare.
Mindgard CEO James Brear said, ““AI is creating an entirely new attack surface and organizations need a fundamentally different approach to securing it.
“We don’t just automate attacks. We operationalize expertise, turning the knowledge of leading AI security researchers and offensive security practitioners into the capabilities every enterprise needs to secure their AI. This investment will expand our global reach and help make attacker-driven AI security a core part of how organizations implement and manage AI.”
ApartmentIQ lands $25m from Susquehanna Growth Equity
ApartmentIQ, a real-time market intelligence, revenue management, and AI platform for the multifamily industry, has secured a $25m follow-on investment from Susquehanna Growth Equity.
SGE, an entrepreneur-focused growth equity firm, previously led the company’s $22.5m Series B round in 2021, back when the business traded under the name Rentable and operated as one of the US’ largest apartment marketplaces. The fresh capital marks a continuation of that relationship as the company has shifted its focus away from consumer rentals.
The investment underscores how far ApartmentIQ has moved from its origins as a consumer-facing rental marketplace, repositioning itself as an integrated platform that gives multifamily operators real-time visibility into their markets, tools to optimise revenue, and AI-driven automation for day-to-day operational tasks.
Over a two-year period, the company has established itself as a new benchmark for market surveys within the multifamily sector. Its platform now supports more than 1,500 portfolios, spans 8 million customer units, and reaches 70% of the NMHC Top 50.
Fazeshift lands investment from Amex Ventures
Fazeshift, the AI-native platform that deploys autonomous agents to handle accounts receivable workflows from start to finish, has secured a fresh investment from Amex Ventures, the corporate venture capital arm of American Express.
The backing adds to Fazeshift’s earlier $22m Series A round, which closed in May 2026 under the leadership of F-Prime, with additional support from Gradient, Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital and a number of other backers.
The fresh capital is earmarked for accelerating product development and expanding the team, as Fazeshift pushes its platform beyond accounts receivable and towards a wider ambition: building a complete CFO suite designed for autonomous finance operations.
Fazeshift is an AI agent platform built for finance teams, with its initial focus on accounts receivable. The company’s technology automates processes including invoicing, payment reconciliation and collections, working directly within the systems finance departments already rely on.
By shifting manual tasks over to AI-driven execution, Fazeshift aims to help businesses strengthen cash flow, cut down on operational costs and bring modern efficiency to the CFO’s office.
Fazeshift chief executive officer and co-founder Caitlin Leksana said, “This investment lets us move faster on our mission of giving finance teams their time back. We’re grateful to welcome Amex Ventures as an investor to continue our work building the future of enterprise finance.”
Amex Ventures managing director Margaret Lim said, “We are excited to be backing Fazeshift as they continue to assemble a strong team and build out an expanding suite of agentic capabilities to modernize finance operations. Their AI-native approach and deep customer focus have delivered meaningful value to finance teams.”
Axle raises $17.5m to make insurance programmable
Axle, the AI-native clearinghouse for insurance, has raised $17.5m in Series A funding, led by Base10 Partners, as it looks to expand the number of insurance workflows it automates for carriers and businesses across the real economy.
The round included continued backing from Y Combinator and Gradient, alongside participation from Stage 2 Capital, industry angels including the founders of Cover Genius, and existing investors from the early team at Plaid.
Over the past six months, Axle has tripled the number of workflows it automates and now clears more than $100bn in coverage annually for over 4,000 customers, including auto dealers, rental car companies, mortgage lenders, auto lenders and employers. Its client roster includes several Fortune 500 names, such as Rocket Mortgage, Avis, Experian and Sonic Automotive. The company says it has sped up these workflows by 20 times while helping customers recover hundreds of millions of dollars in losses.
Insurance underpins an $8.3 trillion segment of the economy, required for purchases ranging from cars to mortgages to rental vehicles and apartment leases, yet much of the sector still relies on outdated methods such as fax machines and phone calls to verify and monitor policies.
A mortgage lender, for instance, may need to check in on a single loan’s insurance status more than ten times a year. This inefficiency stems from a structural gap: unlike banking or credit, insurance lacks a shared ledger, meaning a single large carrier might operate 15 or more separate policy systems, with data often trapped in unstructured documents designed for brokers rather than software.
Axle addresses this by integrating its infrastructure and AI agents into these fragmented systems, directing requests to the correct platform and converting unstructured data into a standardised format. The result is a single API that allows software and AI agents to automate core insurance questions, such as confirming whether a customer holds valid cover, whether it meets requirements, and whether updates are needed.
With the new capital, Axle plans to grow its engineering and go-to-market teams, broadening its clearinghouse to cover more than 50 segments across home, auto, renters, commercial and specialty insurance. The company also intends to build closer ties with carriers, which are increasingly adopting Axle as a governed gateway into their systems, having already validated its approach across five distinct markets.
Axle was founded by Cameron Duncan, Armaan Sikand and Nihar Parikh, who have been friends for 15 years. The trio encountered the challenges of fragmented insurance systems directly while developing products for automotive manufacturers, rental car companies and mortgage lenders during their time at Deloitte Digital and Cox Automotive.
Axle co-founders Cameron Duncan, Armaan Sikand and Nihar Parikh said, “Everything the economy runs on – credit, payments, identity, income – has a clearinghouse in the middle. Insurance never has. We’re building it. Once insurance is standardized and programmable, it becomes far more valuable to the carriers who write it, the businesses that rely on it, and the hundreds of millions of consumers it protects.”
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Cytix raises $7m to tackle AI-driven code risk
Cytix, a Manchester-based software change risk platform, has completed a $7m Series A funding round as it looks to accelerate its response to the risks created by fast-moving, AI-assisted software development.
The round was led by Northern Gritstone, a UK venture capital and investment firm that backs science and technology startups across the North of England, with existing backers Auriga Cyber Ventures and NPIF II – PXN Equity Finance, managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II, also taking part.
The capital will be put towards scaling Cytix’s newly launched change risk platform, a tool built to answer the questions thrown up by constant software change: whether a given update should concern security teams, what level of risk it carries, and what response is proportionate.
The platform tracks every software change or update a business makes, assesses and confirms the associated risk, and produces the evidence needed to explain to regulators how that risk was managed.
It sits between a customer’s software development lifecycle, where change originates, and the risk, security and compliance functions that must account for it, acting as a single control point covering detection, decision-making, validation and evidence.
Cytix will use the new funding to expand into enterprise and regulated sectors, where governing software change is a compliance requirement rather than a choice. The platform can be accessed directly through Cytix or via managed service partnerships with NCC Group and KPMG.
Founded to give security, engineering and risk teams a shared view of software change, Cytix describes itself as the security decision layer for organisations where development never stops.
Cytix Co-Founder Ben Armstrong said, “AI-assisted development means change now happens at machine speed. Meanwhile, very few security leaders have control over, or understanding of, those changes from a risk perspective. Right now, existing tools can tell you what vulnerabilities you have, but can’t tell you about the risk. We launched Cytix’ change risk management platform to get control of that risk.”
Northern Gritstone CEO Duncan Johnson said, “The explosion of AI-assisted software development has led to a race to ensure software implementation remains secure. Cytix’s platform aims to help enterprises take a realistic approach, recognising where change carries the most risk whilst allowing businesses to innovate. Northern Gritstone is proud to support another ambitious Manchester-based business in an exciting phase of its growth.”
Fisent raises $4.3m to scale AI automation for finance
Fisent Technologies, a provider of Applied GenAI Process Automation for regulated enterprises, has raised $4.3m in its first priced venture round to expand its enterprise operations and accelerate development of its BizAI platform.
The round was led by FINTOP, a venture capital firm focused on financial services, with continued participation from strategic investor Pegasystems. The investment brings Fisent’s total funding to $6.3m, equivalent to $8.8m CAD. FINTOP Partner John Philpott will join Fisent’s board as part of the transaction.
FINTOP was founded by FinTech entrepreneurs and operators and focuses on businesses transforming financial services. The firm is backed by a strategic limited partner network of approximately 100 banks and financial services companies.
In financial services, Fisent’s technology can be used to process documents and other unstructured content across workflows such as loan applications, customer onboarding, claims processing and compliance reviews, helping teams automate tasks that would otherwise require manual analysis.
Fisent will direct the new capital towards expanding its enterprise go-to-market team, customer enablement and deployment engineering capabilities, as well as product development. It also plans to increase distribution through workflow and technology partners, building on its existing relationship with Pega.
The funding comes as Fisent reports growth across its enterprise business. The company secured its first Fortune 50 customer in 2026 and expects to add several more before the end of the year. In 2025, revenue grew 206% year-on-year, while net revenue retention reached 173%. Fisent also reported zero customer churn for the third consecutive year.
Fisent’s BizAI software processes unstructured content within complex enterprise workflows, allowing organisations to automate work that has traditionally relied on manual review and specialist judgement. The company says its technology is being used by Fortune 500 customers across banking, insurance and wealth management.
Fisent founder and CEO Adrian Murray said, “Enterprises are moving beyond AI experimentation and choosing the capabilities they can trust to operate at scale. Our customers are expanding BizAI across business functions because it delivers reliable outcomes within the systems and controls they already have. This investment will help us serve more of the world’s largest regulated enterprises, accelerate successful deployments, and extend our reach through strategic partners.”
FINTOP Partner and incoming Fisent board member John Philpott added, “AI software is becoming easier to build, but deploying, governing, and improving it inside a complex enterprise remains difficult. Fisent has differentiated itself through production performance, hands-on enterprise enablement, expansion within large customers and a strong partner-led distribution model. We believe those strengths position BizAI to become a foundational capability for regulated enterprises.”
Cobi raises $1m pre-seed to scale customer intelligence
Cobi, an AI decision stack for customer intelligence, has announced a $1m pre-seed funding round.
The round was led by Lunara Partners, a multi-stage alternative investment firm focused predominantly on the MENA region, with additional backing from Plug and Play, Annex Investments and Spring.
The new capital will be used to expand Cobi’s enterprise footprint across the Middle East and further afield, strengthen its customer intelligence, recommendation and decisioning technology, and increase automation across the journey from raw customer data to executed decisions.
Cobi was founded to tackle a problem many enterprises face: customer information scattered across disconnected systems. Behaviour on products, transaction records, campaign results, feedback and journey data typically sit in separate platforms, leaving teams with only a partial picture. This fragmentation often forces staff to manually piece together what the data means, by which point the best moment to act has usually already gone.
Cobi’s technology continuously reads behavioural, transactional, product and engagement data in real time to flag meaningful shifts in customer preferences, growth, disengagement and progress through the customer journey. It then sets out why those shifts matter, suggests the most suitable next step, product, offer or experience, and supports teams in acting on that recommendation through the systems they already rely on.
The company has built momentum with a client base that includes Mastercard, Emirates Flight Catering, Presight AI (a G42 company) and Lari Exchange, all of which have worked with Cobi to explore how customer intelligence tools can improve the experiences they offer.
It has also struck a five-year partnership with eNovate, part of eFinance Investment Group, to embed Cobi’s technology across eNovate’s digital payments ecosystem.
Cobi Co-Founder and CEO Darren Edmund said, “Connecting with customers isn’t binary. The person who spends the most with you isn’t necessarily the person with the strongest loyalty or brand affinity.
“Most data platforms and AI systems still flatten that relationship into transactions, scores and predefined signals, even though the nuance between them is fundamental to building real customer connection.
“Our platform builds an evolving understanding of a company’s customers and the touchpoints shaping their experience, then gives teams direction on how to engage, serve and create value for different customer groups.”
Lunara Partners Co-Founder & Managing Partner Omar Alkhawaja said, “Enterprises have invested heavily in systems that collect customer data and systems that execute interactions, but the decisions connecting them remain fragmented and manual.
“Cobi is building the intelligence layer that turns customer signals into clear, measurable action, helping companies retain the customers they have worked hard to win and convert customer understanding into commercial growth.
“Darren and the team have already demonstrated an ability to win complex enterprise customers, and we believe their approach to continuous customer intelligence has the potential to become an important part of how companies understand, serve and grow with their customers.”
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