This week’s FinTech funding rounds kicked off 2025 on a quiet note, with just seven deals completed, headlined by a €170 million raise from German InsurTech Wefox.
The tranche made up roughly 90% of the total capital raised this week, as only $207.750m was raised as 2025 stuttered into life on a funding front.
European InsurTech leader Wefox closes €170m refinancing deal
Wefox, a European insurance company, is reportedly finalising a €170m (£141m) financing package led by private equity firm Searchlight Capital Partners, according to Sky News.
Searchlight Capital, which has previously supported companies such as travel business Secret Escapes, is spearheading this initiative to refinance Wefox’s existing bank debt.
This package includes an equity raise of between €80m (£66.5m) and €100m (£83.1m), involving a consortium of investors led by Chrysalis, a London-listed backer of Klarna and Starling Bank, and Target Global.
Founded in 2015, Wefox sells insurance products through a hybrid model utilising both in-house and external brokers.
The company has a strong presence across European markets and serves more than 2 million customers. It aims to revolutionise the insurance industry by leveraging cutting-edge technology.
Alif raises $20m from Accial Capital to expand Shariah-compliant finance
Alif, a prominent FinTech company operating in Central Asia, has secured a $20m debt investment from Accial Capital, a US-based impact private credit fund manager.
The funding was facilitated with the advisory support of Nairang Capital and TMT Global Advisors.
The new funds will be directed towards enhancing Alif’s Nasiya service, a Shariah-compliant retail finance solution for goods and services in Uzbekistan, strengthening its market position, and promoting financial inclusion in the region.
Established in 2014, Alif is recognised for its innovative financial solutions in Uzbekistan, Tajikistan, and Pakistan. The company’s super-app combines features such as transfers, payments, public transport fares, government services, and a marketplace. Its flagship Nasiya service allows consumers to shop in installments with no down payment, offering terms of up to 24 months.
Infinant’s $15m Series A fuels growth in bank-controlled digital platforms
Charlotte, N.C.-based Infinant, a bank platform provider specialising in digital and embedded banking solutions, has successfully raised $15m in a Series A funding round.
The round was led by FINTOP Capital and its partner JAM FINTOP BankTech. Additional participants included Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.
Infinant provides a cloud-based platform, Interlace, which enables banks to independently launch and manage their digital and embedded finance programs. Unlike traditional core banking systems or outsourced solutions, Interlace gives banks complete operational and regulatory control over their programs. This empowers institutions to maintain oversight of their ledger, operations, and compliance at a significantly lower cost.
The funding will be used to enhance Infinant’s product offerings, including its Interlace Console for customer and account management, Settlement Ops for ledger and reconciliation, Payments Hub for centralised ACH, Wire, and FedNow payments, and its Card Platform for card issuance and processing with Visa DPS.
Billboxx secures $1.6m pre-seed funding to tackle SME cash flow in Africa
Billboxx, an integrated billing-to-payment platform focused on ensuring timely payments for businesses across Africa, has closed a $1.6m pre-seed funding round.
The funding round saw contributions from notable investors, including Norrsken Accelerator, Kaleo Ventures, 54 Collective (formerly Founders Factory Africa), P2Vest, and Afrinovation Ventures, according to a report from FinTech Finance News.
Billboxx provides an innovative platform that addresses cash flow challenges faced by SMEs in Africa. Manual invoicing and deferred payments often disrupt businesses’ financial stability. Billboxx’s platform automates billing, reduces inefficiencies, and facilitates secure payments. It also offers tailored cash flow financing to help businesses achieve financial consistency and focus on growth.
Paris-based Little John raises €1.1m to empower independent insurance brokers
Paris-based InsurTech startup Little John has raised €1.1m in pre-seed funding to develop its generative AI platform tailored for independent insurance brokers.
The funding round was led by Febe Ventures, Vessoa Private Equity, and neo-insurer Leocare, according to EU Startups.
It also included contributions from prominent business angels, such as Didier Valet, general partner at Varsity, and UK investor Mark Ransford.
Little John is focused on empowering insurance brokers by providing them with AI-driven tools designed to optimise risk placement, compliance, and productivity.
The startup’s flagship product, a GenAI-powered tool, is scheduled for launch in Spring 2025 as part of its SaaS platform.
This tool will enable brokers to automate critical workflows, such as extracting and analysing client data from emails and documents and generating tailored insurer presentation notes.
The newly secured funds will primarily be used to develop these AI tools and foster a collaborative community of brokers called the “Sherwood community.”
Village Capital invests $150k in Rhea and Regxta to empower women-led innovation in Africa
Village Capital, an organisation dedicated to supporting innovative ventures, has announced an investment of $150k in two women-led startups, Rhea Soil Health Management and Regxta, through Standard Chartered’s Women in Tech Financing Facility, according to a report from TechAfrica News.
The $150k funding will be split between Rhea, a Kenyan agritech company, and Regxta, a Nigerian financial inclusion startup.
Rhea, based in Kenya, provides affordable and accessible soil testing solutions to smallholder farmers. Regxta, headquartered in Nigeria, helps to bolster financial inclusion through its mobile banking services. Its platform accelerates business transaction processes, lower business risks, support investment and savings, and reduce transaction and information costs.
Regnology secures major investment from CPP Investments for global expansion
Regnology has recently secured a substantial investment from Canada Pension Plan Investment Board (CPP Investments).
Alongside a new investment from existing owner Nordic Capital, this funding underscores a robust vote of confidence in Regnology’s future prospects.
The company announced that it raised approximately €460m (C$690m) for a significant minority stake, with CPP Investments and Nordic Capital facilitating the transaction. Nordic Capital will continue to hold a majority stake through its entities, Nordic Capital X and Nordic Capital XI, demonstrating continued support and belief in Regnology’s strategic direction.
Regnology is renowned for its innovative solutions in regulatory, risk, and supervisory technology, serving over 35,000 financial institutions and 70 regulators and tax authorities worldwide. Its technology helps streamline processes, enhance data quality, and boost efficiency across financial systems, making it a cornerstone in the RegTech sector.
The new influx of capital will be instrumental for Regnology as it plans to accelerate its international expansion both organically and through strategic acquisitions. The investment will also enable further enhancement of its technology and product offerings, improving customer success rates and fostering development within its teams.
