A strong week for FinTech funding saw $898.125m raised over a period that was headlined by a mammoth $200m tranche from Armis.
The mammoth Series D saw the cyber exposure management and security firm’s valuation soar to a whopping $4.2bn.
Behind the blue-ribboned raise, there was still much to be excited about. Israeli FinTech Melio successfully raised $150m in a funding round spearheaded by the strategic US investor Fiserv.
Overall, the week saw 24 tranches secured, albeit no other surpassed the covered $100m mark.
In the sector stakes, FinTech ruled the roost, landing an impressive 10 deals. Despite this, there was still significant activity from other areas, namely the RegTech sector landed five deals. Meanwhile, CyberTech, InsurTech, and PayTech sectors each secured 3 deals, suggesting a balanced yet lower level of investment interest.
Overall, these figures reflect a diverse funding distribution across sectors, with FinTech maintaining a significant lead.
The data also highlights the USA’s continued dominance in funding rounds, securing 12 deals and raising $467.5m—significantly more than any other nation.
The UK follows with 3 deals, though its total funding remains relatively modest at $20.125m. Israel ranks third with 2 deals totalling $188m, reflecting robust investor interest.
Nations like Canada, France, India, Indonesia, Nigeria, and Switzerland each saw a single deal, with funding amounts ranging from $2.5m to $110m.
Here are this weekend’s FinTech funding rounds
Armis secures $200m in Series D funding, eyes IPO with a $4.2bn valuation
Armis, a leading cyber exposure management and security firm, announced today the successful closure of a substantial $200m Series D funding round.
This latest financial infusion has propelled the company’s valuation to an impressive $4.2bn.
The round saw participation from leading investors such as General Catalyst and Alkeon Capital, along with continued support from existing stakeholders Brookfield Growth and Georgian. These investments underscore the market’s confidence in Armis’ strategic direction and growth potential.
Israeli FinTech Melio secures $150m led by US company Fiserv
Melio, an Israeli payments platform, has successfully raised $150m in a funding round spearheaded by the strategic US investor Fiserv.
According to a report from Globes, Melio’s recent financing round values the company at $2 billion, marking a recovery after earlier layoffs and an unsuccessful sale attempt. In 2021, Melio was valued at $4 billion following its previous funding round.
Although this reflects a valuation decline—a trend seen across many tech firms lately—Melio’s revenues have surged tenfold, highlighting its potential strength and growth in the FinTech industry.
PowerPay secures $60m in corporate bond funding to accelerate FinTech growth
PowerPay, a leader in digital point-of-sale lending for home improvement and patient financing, has successfully secured a $60m investment through a corporate bond issuance.
KeyBank played a pivotal role, acting as the sole private placement agent for the deal. This strategic financial maneuver is set to significantly enhance PowerPay’s operational capabilities and broaden its market reach.
The $60m raised will be strategically invested back into the business, with plans to upgrade technology, expand service offerings, and develop innovative lending solutions.
Concentric AI secures $45m for AI-driven data security advancements
Concentric AI, a prominent provider of AI-based data security solutions, has successfully raised $45m in a Series B financing round.
This significant investment boosts the company’s total funding to more than $67m. The round saw leadership from Top Tier Capital Partners and HarbourVest Partners, with CyberFuture—a global CISO investment alliance—choosing Concentric AI as their DSPM vendor of choice after a comprehensive evaluation of the sector. This round also welcomed back existing investors including Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures.
Concentric AI specializes in intelligent solutions for autonomous data security posture management (DSPM). Their products are designed to revolutionize how organizations protect their critical and private data across various environments.
Regal raises $40m to revolutionise customer experience with AI Phone Agents
Regal, a leading provider of AI-powered contact centre software, has successfully secured $40m in funding to accelerate the development and deployment of its innovative AI Phone Agent technology.
This investment aims to enhance customer experiences and streamline operations for businesses across various sectors, according to InsurTech Insights.
The recent funding round attracted several notable investors, although specific names were not disclosed. This capital injection is expected to support Regal’s ongoing commitment to technological advancement and market expansion.
Zenity clinches $38m Series B to bolster AI and low-code security
Zenity, the trailblazer in securing agentic AI, has successfully raised $38m in a Series B funding round.
This round was co-led by Third Point Ventures and DTCP, propelling the total funds raised by the company to over $55m. This follows a strategic investment from Microsoft’s venture arm, M12, backed robustly by previous investors including Intel Capital and Vertex Ventures.
The firm specialises in shielding enterprises from vulnerabilities inherent in agentic AI, enterprise copilots, and applications built on low-code platforms. With the AI adoption rate skyrocketing across industries, Zenity is positioned as a critical player in ensuring these technologies are implemented securely.
European Cybertech Filigran announces $35m in Series B funding
Filigran, a European CyberTech firm, announced today that it has successfully completed a $35m Series B funding round.
The funding, led by global software investor Insight Partners, also saw continued support from existing investors Accel and Moonfire. This injection of capital arrives just months after Filigran’s $16m Series A, highlighting the company’s rapid growth and ongoing commitment to global expansion and product innovation.
Established in 2022 by Samuel Hassine and Julien Richard, Filigran is at the forefront of the fight against cyber threats with its innovative open-source platforms, OpenCTI and OpenBAS. These platforms form part of Filigran’s eXtended Threat Management (XTM) suite, which is designed to help organizations understand their threat environments better and anticipate, detect, and respond to incidents swiftly.
Reflexivity secures $30m in Series B to enhance AI-driven financial analysis
Reflexivity, a leader in AI solutions for the investment sector, has successfully completed a $30m Series B funding round.
The investment was spearheaded by Greycroft and Interactive Brokers, with additional support from high-profile hedge fund managers Stanley Druckenmiller and Greg Coffey, alongside General Catalyst and SoftBank LatAm.
Reflexivity is renowned for its cutting-edge AI technologies that significantly enhance financial analysis capabilities. The company’s platform is designed to improve the interaction between machines and humans within the financial industry, offering powerful analytical tools that were previously inaccessible to many.
BondBloxx secures $27m to bolster fixed income ETF offerings
BondBloxx Investment Management, a Larkspur, CA-based provider of bond ETFs, has successfully raised $27m in funding.
According to FinSMEs, this financial injection was spearheaded by Macquarie Asset Management, which continues to hold a minority stake in the company. The funding round also saw participation from a mix of new and existing financial investors.
As an issuer focused exclusively on fixed income, BondBloxx offers a diversified portfolio of ETFs. These include exposures to U.S. Treasuries, investment grade, high yield, tax-aware strategies, and emerging markets bonds. This specialised approach positions BondBloxx uniquely in the ETF market.
General Catalyst leads $25m Series A for revenue automation firm Tabs
Tabs, a leader in revenue automation for B2B businesses, announced today that it has secured $25m in Series A funding.
The investment round was led by General Catalyst, with continued support from Primary Ventures and Lightspeed, reflecting the company’s rapid growth and the escalating demand from CFOs for integrated financial solutions.
This significant funding comes less than six months after Tabs’ initial seed round, underlining the swift progress and expansion of the company. Tabs addresses critical issues faced by finance teams, such as fragmented technology stacks and the nationwide shortage of skilled accounting professionals. By providing a unified platform, Tabs automates the entire revenue process for finance departments, streamlining tasks like invoicing, revenue recognition, and payment collection.
Osigu’s $25m Series B to help revolutionise healthcare payments in Latin America
Osigu, a trailblazer in AI-powered healthcare revenue cycle and claims management, has successfully closed the first phase of its $25m Series B funding round.
The round was spearheaded by IDC Ventures and saw significant participation from Visa as a strategic investor. Osigu stands out as a key player in integrating healthcare and FinTech across Latin America and the Caribbean.
This funding is earmarked to redefine healthcare payment transactions across the region by enhancing interactions among providers, payers, and patients through cutting-edge technology and real-time payment solutions.
Procurify secures $20m from CIBC to revolutionise AP automation with AI
Procurify, a leading provider of proactive spend management solutions, has recently unveiled a new accounts payable automation tool.
This innovative solution aims to redefine how businesses handle their financial operations by introducing cutting-edge artificial intelligence technologies to streamline processes and increase efficiency.
The recent launch has been backed by a substantial $20m growth capital investment from CIBC Innovation Banking. This financial injection underscores the confidence in Procurify’s vision and the robustness of its market-leading technologies.
Billd secures $17.5m from leading investors to expand financial solutions in construction
Billd, a key player in financial solutions for the commercial subcontracting sector, has recently announced a significant boost in funding.
The company successfully secured $17.5m in a strategic investment round aimed at accelerating its growth trajectory and enhancing its suite of products.
The funding round was spearheaded by LL Funds and MissionOG, with additional participation from RJT Credit, Ulysses Management, and HighSage Ventures. Notably, this marks the inaugural investment from MissionOG, a growth equity firm with a strong focus on FinTech and lending, as well as HighSage Ventures.
Wildfire Systems secures $16m in Series B to expand loyalty solutions globally
Wildfire Systems, an innovative FinTech platform, has successfully completed a $16m Series B funding round.
This latest investment was co-led by Intuit Ventures and Mucker Capital, with significant contributions from new investors Cohen Circle, Samsung Next, Evolution VC, and Gaingels. The round also saw continued support from existing investors TTV Capital, QED Investors, B Capital, DLA Piper, Moonshots Capital, and Citi Ventures.
The company specializes in powering loyalty and reward programs, shopping companions, and content monetization. Wildfire Systems is renowned for enabling financial services organizations and technology companies, including RBC, Visa, Citi, Acorns, and Microsoft, to deliver rewarding online shopping experiences to consumers worldwide.
Abstract Security raises $15m Series A to transform security analytics
Abstract Security recently announced the successful closure of an oversubscribed Series A funding round, securing $15m.
The investment round saw Munich Re Ventures at the helm, with significant participation from existing investors including Crosslink Capital and Rally Ventures.
Focusing on redefining enterprise security operations, Abstract Security enhances cloud visibility, optimizes data streams, and reduces operational costs. Their innovative approach helps organizations streamline security information and event management (SIEM) strategies, paving the way for advanced threat detection and response capabilities through comprehensive data fabric, analytics, and data lake solutions.
UK-based HealthTech firm Semble secures $15m from Mercia Ventures
London-based HealthTech company, Semble has raised $15m in a Series B funding round led by Mercia Ventures.
The tranche managed to land a swathe of investors with additional support coming in droves from Octopus Ventures, Smedvig Ventures, and Triple Point.
With this latest funding, Semble intends to solidify its UK market presence while expanding into France, where it recently launched.
HOMEE secures $12m in Series C funding to enhance AI claims management
HOMEE, an AI-driven direct repair network for the Property and Casualty (P&C) insurance industry, today announced the successful closure of its Series C funding round, amassing $12m.
The round was led by W.R. Berkley Corporation, featuring new investors such as The Institutes, known for their risk management and training prowess in the insurance sector, and Sure, a rapidly growing player in digital insurance technology.
This financing surge elevates HOMEE’s total capital raised to more than $75m. These newcomers join a robust group of existing strategic investors including State Farm, Liberty Mutual, The Hartford, and Desjardins.
MIND emerges from stealth with $11m to transform data security landscape
MIND has emerged from stealth alongside the unveiling of its cutting-edge platform designed to protect the most sensitive data within organizations.
The startup successfully secured $11m in seed funding led by YL Ventures, with contributions from several industry leaders from prominent public cybersecurity firms.
MIND is dedicated to revolutionizing the field of data loss prevention. By integrating advanced AI and smart automations, MIND offers a comprehensive data security solution unlike any other currently available in the market. The platform is engineered to automatically identify, detect, and prevent data leaks at unprecedented speeds, addressing the complexities and volumes of today’s digital data landscape.
Databento secures $10m investment to fuel global expansion in market data
Databento, an emergent leader in the market data industry, has successfully secured an additional $10m in funding.
This latest capital injection brings the total for its Series A round to an impressive $30m, marking a significant milestone for the company.
The funding round includes contributions from previous stakeholders alongside new investors such as Belvedere Trading, Clear Street, Lightscape Partners, and several notable asset management firms. This diverse group of financial heavyweights underscores Databento’s position as a critical player in market data, catering to hedge funds, proprietary trading firms, banks, and brokerages.
Auquan secures $4.5m in seed funding to revolutionise FinTech with AI-driven deep work automation
Auquan, a trailblazer in AI for financial services, recently announced a significant boost to its seed funding, securing an additional $4.5m.
This funding round was led by Peak XV, with continued support from Neotribe Ventures, elevating Auquan’s total seed investment to $8m.
The company is pioneering the application of AI agent architecture and retrieval augmented generation (RAG) to streamline deep knowledge-intensive workflows within the financial sector. Currently, 25% of the world’s top 20 asset managers, investment banks, and private equity firms rely on Auquan’s technology to enhance productivity, accelerate decision-making, and achieve superior market performance.
Finfra secures $2.5m to boost embedded lending for Indonesian SMEs
Finfra, an Indonesian lending-as-a-service infrastructure provider, has successfully secured $2.5m in a funding round led by Cento Ventures.
The investment round also saw participation from Accion Venture Lab, Z Venture Capital, and Avafin’s founder, Matiss Ansviesulis, according to a report from FinTech News. This financial injection marks a significant milestone for the firm, bolstering its presence within the Indonesian digital SME ecosystem.
Finfra is dedicated to enhancing the efficiency of digital financial services across Indonesia. The company’s robust platform offers a range of digital tools tailored for loan management, scoring, portfolio analytics, and ensuring regulatory-compliant access to capital.
FAT32 secures £625k investment to revolutionise cybersecurity compliance
FAT32, an innovative RegTech company founded in 2024 and based in the UK, recently marked its introduction to the cybersecurity market by securing a significant initial funding.
The firm specializes in automating and simplifying compliance with various cyber and data security standards through its proprietary software, OneClickComply®.
The company’s first funding round amounted to £625,000, of which Northstar Ventures deployed £350,000 through its new Venture Sunderland Fund.
Tidal Cyber attracts key investment to empower global threat defense capabilities
Tidal Cyber, a leader in Threat-Informed Defense, today revealed significant investments from USAA, known for its comprehensive insurance and financial services for military families, and Capital One Ventures, recognized for backing innovative technology and financial startups.
At its core, Tidal Cyber is dedicated to optimizing security defenses by aligning them with the most relevant threats an organization might face. The company’s platform, Tidal Cyber Enterprise Edition, allows security leaders to assess and enhance their defense strategies effectively using a unique Tidal Confidence Score, which integrates insights from various data sources including MITRE ATT&CK® and other cyber threat intelligence tools.
Akeyless secures key investment to redefine enterprise identity security
Akeyless, a pioneer in the identity security sector, recently received a strategic investment from Deutsche Bank’s Corporate Venture Capital group.
Akeyless stands out by offering the first Unified Secrets & Machine Identity Platform, tailored to combat the primary cause of breaches: compromised identities and secrets.
This infusion of capital is expected to further propel Akeyless’s mission in the identity security arena.
