FinTech Global reported on 35 FinTech deals this week across the sector, coming off the back last week of a mammoth $16bn plus total, representing a period of strong deal activity in the market.
The leading deal this week was recorded by Dutch lending firm Colesco Capital, who raised a heart-stopping $839m in funding. Colesco specialises in providing senior secured debt and subordinated debt to European mid-market firms.
That wasn’t the only big deal this week, with Saudi debt crowdfunding enterprise Lendo pulling in $690m from a debt facility. Lendo specialises in providing Shariah-compliant crowdlending solutions for SMEs.
The FinTech and RegTech sectors were the top performing sectors amongst the raises this week with FinTech pulling in 11 deals and the RegTech sector 10. InsurTech followed in third with 6 deals, WealthTech with 5, and then PayTech and PropTech with 1 each.
Research from FinTech Global this week found that 2024 was a particular strong year for the CyberTech sector, with total funding reaching $7.2bn in 2024, up 15% from $6.3bn in 2023 and slightly surpassing the $7.2bn recorded in 2020.
Here are this week’s deals.
Dutch lender Colesco raises $839m
Colesco Capital, a direct lending startup based in the Netherlands, announced a significant milestone with its first platform close, amassing over $839m.
According to ESG Today, founded in 2023, Colesco specializes in providing senior secured debt and subordinated debt to European mid-market companies.
The funding round attracted substantial interest, led by cornerstone investors APG, the largest pension services provider in the Netherlands, and Rabobank, a major banking and financial services company. These investors are aligning their portfolios with sustainable and responsible investments, which are central to Colesco’s mission.
Saudi debt crowdfunding platform Lendo secures $690m
Saudi Arabia-based FinTech Lendo, a debt crowdfunding platform, has secured a $690m (SAR 2.6bn) warehouse facility led by J.P. Morgan.
The funding aims to enhance job creation in the Kingdom, reinforcing Lendo’s role in driving economic growth and employment opportunities.
Lendo specialises in providing Shariah-compliant crowdlending solutions for SMEs, connecting qualified businesses in need of financing with investors seeking short-term returns.
Digital identity firm ID.me secures $275m
ID.me, a digital identity wallet provider, has secured a $275m credit facility from Ares Management, a global alternative investment firm.
Alongside this, Ares intends to make a significant equity investment in the company.
The financing aims to support ID.me’s continued expansion as it enhances digital identity verification solutions while prioritising security and privacy.
The company has seen rapid growth, with over 139 million users onboarded to its platform, of which 65 million have been verified to the federal standard of IAL2 consumer authentication.
InsuranceDekho could secure up to $100m
InsurTech company InsuranceDekho, a platform enabling customers to compare and purchase various insurance products, has announced a new funding round set to raise up to $100m, according to a report from EnTrackr.
The funding round was led by MUFG Bank, Beams Fintech Fund, and C Investments, with additional participation from an unnamed Indian bank.
This investment places InsuranceDekho’s valuation in the range of $750m to $800m, according to sources.
Oligo Security clinches $50m in Series B
Oligo Security, a leader in the field of ADR, announced today a significant boost in funding, having secured $50m in Series B financing.
The round was led by Greenfield Partners, with participation from Red Dot Capital Partners, Strait Capital, and existing investors such as Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners.
This financial injection is earmarked for global go-to-market efforts, aiming to address the burgeoning demand for Oligo’s innovative platform.
Supply chain security firm Eclypsium raises $45m
Eclypsium, a company specialising in infrastructure supply chain security, has raised $45m in an oversubscribed Series C funding round.
The financing includes a combination of equity and debt and features new investors Qualcomm Ventures, Pavilion Capital, Singtel Innov8, and Sixty Degree Capital, alongside previous backers Ten Eleven Ventures, Andreessen Horowitz, and Madrona. This latest round brings Eclypsium’s total equity funding to $85m.
The firm has built a strong reputation for safeguarding commercial and federal critical infrastructure against sophisticated cyber threats, including those linked to nation-state actors.
Swan raises €42m
Swan, a company specialising in embedded banking, has raised €42m in a Series B funding round.
The funding will support Swan’s mission to make embedded banking the standard across Europe. The company believes the industry is undergoing a major transformation, where financial services are becoming a key part of everyday business tools rather than standalone applications.
Swan offers a banking platform designed to simplify the process of embedding financial services. By developing its own core banking infrastructure, the company ensures full control over its technology, allowing it to deliver advanced, localised solutions for businesses across Europe.
Method Financial raises $41.5m Series B
Method Financial, a US-based FinTech company specialising in consumer-permissioned financial connectivity, has secured $41.5m in a Series B funding round.
The funding round was led by Emergence Capital, with additional participation from Avra, Samsung Next, Andreessen Horowitz, Y Combinator, and Ardent Venture Partners, according to Finextra.
Method provides application programming interfaces (APIs) that offer real-time, frictionless access to consumer liability data.
Insight Partners leads $40m raise for Finout
Finout, the prominent FinOps-for-enterprise platform, announced today that it has secured a $40m Series C funding round.
The investment was led by global software investor Insight Partners, with contributions from Pitango, Team8, Red Dot Capital, and Maor Investments. This latest funding influx boosts Finout’s total capital raised to $85m.
The company specialises in providing a cloud-agnostic platform for cost allocation and governance. It caters to industry giants such as SiriusXM, Lyft, The New York Times, Choice Hotels, Wiz, Tenable, and Alchemy, reflecting the increasing mainstream adoption of FinOps practices.
InsurTech firm The Helper Bees lands $35m
The Helper Bees, an InsurTech company focused on enabling older adults to live independently at home, has secured $35m in Series C funding.
The investment round was led by Centana Growth Partners, with participation from existing investors including Silverton Partners, Impact Engine, Northwestern Mutual Future Ventures, and Alumni Ventures.
The company provides a platform that connects older adults with a wide range of non-medical products and services to support independent living.
Agritech firm Arya.ag secures $30m debt facility
Arya.ag, an agritech and lending platform, has secured a $30m debt facility through a collaboration with HSBC and GuarantCo, a financial institution under the Private Infrastructure Development Group (PIDG).
This marks GuarantCo’s first-ever transaction in India’s agritech sector and its initial partnership with HSBC, according to a report from YourStory.
Arya.ag focuses on addressing key challenges in the agricultural sector, particularly inadequate storage facilities and the lack of timely financing.
Seraphic Security clinches $29m
Seraphic Security, an enterprise browser security firm, has announced a significant financial milestone, securing a $29m Series A.
The investment was spearheaded by GreatPoint Ventures (GPV) and saw notable participation from the CrowdStrike Falcon Fund, alongside contributions from existing investors Planven, Cota Capital, and Storm Ventures.
The funding aims to propel Seraphic Security’s product development and market expansion across North America and EMEA. This strategic financial injection comes at a time when the company is experiencing substantial growth, with a 300% increase in ARR year-on-year.
One Peak fuels Iplicit with £25m
Iplicit, a cloud accounting software platform purpose-built for the UK mid-market, has announced a £25m investment from leading technology growth investor One Peak.
This significant capital infusion marks the company’s first external institutional funding round.
The investment from One Peak will be directed towards accelerating product development and fueling exponential growth for Iplicit.
Token Security raises $20m
Token Security, a cybersecurity firm specialising in non-human identity security, has secured $20m in a Series A funding round.
The investment was led by Notable Capital, with participation from TLV Partners and executives from major cybersecurity companies including Palo Alto Networks, CrowdStrike, Check Point, and Venafi. The round comes just eight months after the company emerged from stealth and brings its total funding to $27m.
The company focuses on securing machine identities—credentials used by automated systems, AI agents, and cloud-based applications to operate within enterprise networks.
WealthTech firm OneVest secures $20m
WealthTech company OneVest, which provides a modular wealth management technology platform, has secured $20m in a Series B funding round.
The round was led by Salesforce Ventures, with participation from Allianz Life Ventures and TIAA Ventures. Returning investors included OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners.
OneVest offers a flexible platform designed to help enterprises modernize their wealth management services.
Andre Iguodala backs Anchor with $20m
Anchor, an Israeli FinTech startup, has successfully raised $20m in a Series A funding round.
According to CTech, the company, known for its innovative platform that automates invoice management and collection, has caught the attention of high-profile investors including former NBA star Andre Iguodala’s Mosaic General Partnership and Oren Zeev’s Zeev Ventures.
The company’s funding announcement comes on the heels of a remarkable 500% growth in 2024. Anchor is dedicated to refining B2B transactions by transitioning from traditional PDF-based agreements to a more efficient, digitally-native interactive system.
Sokin lands $15m from BlackRock
UK-based payments firm Sokin, which provides international payment solutions for businesses, has secured $15m in debt funding from funds and accounts managed by BlackRock.
This investment follows a $31m strategic investment from Morgan Stanley Expansion Capital.
Sokin has experienced substantial growth in recent months, including a 51% increase in new account openings since the Morgan Stanley investment in July. The company has also expanded its workforce by 130% and recently acquired Norwegian FinTech Settle Group AS, gaining a European EMI license to further its expansion in the region.
Gaia raises $14m
Gaia, a fertility insurance and prediction platform, has raised $14m in funding to support its expansion across the United States.
The funding round was led by Valar Ventures, the venture capital firm co-founded by Peter Thiel, according to a report from Axios.
Founded in 2019, Gaia initially focused on in-vitro fertilisation (IVF) services but has since broadened its offerings to include egg freezing, egg donation, and embryo batching.
TrustLogix raises $13m in Series Seed-2
AI-powered data security company TrustLogix has successfully closed its latest funding round, securing $13m to accelerate the expansion of its AI capabilities and strengthen its position as a leader in the Data Security Platform (DSP) sector.
The Series Seed-2 round was led by new investor Westwave Capital, alongside co-lead Alter Venture Partners, The Hive, and existing investor Norwest Venture Partners.
TrustLogix provides a cloud-native data security platform designed to deliver granular access control and risk mitigation across multiple cloud environments.
Mobile security firm Hypori secures $12m
Hypori, a provider of secure mobile access solutions, has raised $12m in a Series B extension round to accelerate the adoption of zero-trust bring-your-own-device (BYOD) programs.
The funding round included investments from UBS AG, Carahsoft Technology Group, and AE Industrial Partners. With this latest investment, Hypori has now raised a total of $35m in its Series B funding.
The company offers a secure mobile access platform that enables users to access enterprise applications and data from any device while maintaining complete personal privacy. Its technology supports industries that require stringent security measures, including defence, healthcare, financial services, and government.
Italian InsurTech Wopta Assicurazioni secures €12m
Italian InsurTech company Wopta Assicurazioni has successfully closed a funding round that brings its total financing to €12m.
The latest investment was secured through a club deal led by Belluzzo International Partners, featuring prominent Italian investors such as Alcide Leali, Bernardo Finco, Andrea Pernigo, Enrico Guidotti, and the Antonelli and Gianazza families, according to InsurTech Insights.
Wopta Assicurazioni focuses on offering tailor-made insurance products and services, leveraging digital platforms to provide seamless and efficient coverage solutions for individuals and businesses.
129Knots secures $10m
Global FinTech venture, 129Knots, has officially entered the market with a robust $10m funding, spearheaded by Sing Fuels.
With a formidable $500m deal pipeline in place, 129Knots is poised to disrupt traditional asset management through its innovative real-world asset origination to distribution (OTD) technology.
The firm’s cutting-edge OTD technology is designed to transform deep-tier industries by implementing scalable liquidity solutions secured by chain technologies. This advancement is expected to elevate supply chains, transforming them into high-value, investment-grade assets.
Pula Foundation bags €10m
Pula Foundation, an InsurTech company based in Rwanda, has been awarded a €10m grant from the Bayer Foundation to increase access to climate risk insurance for smallholder farmers.
The funding, revealed at the World Economic Forum, will be utilised to offer insurance protection worth $127 million in seven countries: Bangladesh, Pakistan, Malawi, Ghana, Nigeria, Kenya, and Mali. according to InsurTech Insights.
Founded in 2014 by Rose Goslinga and Thomas Njeru, Pula has developed data-driven agricultural insurance solutions designed to address climate risks.
Allra FinTech raises $9.1m Series B
Korean FinTech company Allra FinTech, which operates the early payment service “Allra,” has raised $9.1m in its Series B funding round.
The investment was led by KB Kookmin Card, which contributed $6.8m, making it Allra FinTech’s second-largest shareholder, according to a report from WowTale. Singapore-based Altara Ventures and Vietnam-based Do Ventures jointly invested $2.3m in the round.
Allra FinTech’s flagship service, Allra Early Payment, is designed to alleviate settlement delays faced by sellers on online marketplaces.
Crowded lands $7.5m
Crowded, a financial management platform designed to support nonprofits, has secured $7.5m in a Series A funding round, bringing its total funding to $13.5m.
The Miami-based company aims to simplify financial operations for nonprofit organisations through AI-powered tools.
The funding round was led by Flashpoint, a $500m transatlantic VC firm known for backing companies such as Guesty, Chili Piper, and Mesh Payments. Additional participation came from the Florida Opportunity Fund, Wilson’s Bird Capital, led by Efi Shema, and existing investors Sarona Ventures and The Garage.
WiseLayer raises $7.2m
WiseLayer, a New York-based AI FinTech company specialising in digital workers for finance and accounting teams, has raised $7.2m in funding.
The investment round was led by Canaan Partners, with participation from K5 Global, The Fintech Fund, Unpopular Ventures, and several industry angels.
WiseLayer develops AI-powered digital agents designed to automate complex, manual processes within finance and accounting teams. The company’s suite of AI workers includes Angela, an AI agent for accruals and revenue recognition, and Dennis, an AI agent for discrepancies and financial anomalies.
CI-ISAC secures $6.4m government grant
CI-ISAC Australia, a cyber intelligence organisation focused on critical infrastructure, has received a $6.4m grant from the Australian Government to establish a dedicated information-sharing and analysis centre for the healthcare sector.
The funding aims to bolster cyber resilience in Australia’s health industry, following a rise in cyber-attacks targeting health insurers, hospitals, and other medical institutions.
In 2023, the global healthcare industry reported the most expensive breaches for the 13th consecutive year, with an average cost of AUD$10.93m—nearly double that of the financial sector, which ranked second at $5.9m.
Molten Ventures co-leads $5.5m round in Sightline to boost climate transition intelligence
Sightline, a market intelligence platform specialising in the transition economy, has secured $5.5m in a seed funding round co-led by venture capital firm Molten Ventures.
The investment round saw participation from Molten Ventures alongside other investors. The funding aims to accelerate Sightline’s growth and enhance its AI-driven capabilities to support businesses, financial institutions, and governments in navigating the complexities of the transition economy.
Indian proptech startup Landeed secures $5m
Landeed, a property title search platform, has secured $5m in a Series X funding round.
The round was led by 10x Founders Fund, with participation from investors including Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, founder of Onboard, and Aaron King, founder of Snapdocs, according to a report from The Hindu Business Line.
Landeed provides a digital platform that streamlines the property title search process, enabling users to access accurate and verified property records efficiently.
Wealth management platform Prosper secures £4m
Prosper, a wealth management platform focused on eliminating outdated processes, has raised £4m in a funding round aimed at accelerating its growth and expanding its AI-driven services.
The investment round was led by Fuel Ventures, which contributed £2m, alongside additional backing from existing shareholders, according to a report from UK Tech News.
Prosper’s previous angel round attracted investment from notable figures, including the founders of Monzo, Capital One, and World First. It also received support from Silicon Valley firm Andreessen Horowitz (A16Z), as well as Connect Ventures, MMC Ventures, and Portfolio Ventures.
Frenos secures $3.88m
Frenos, a pioneering startup, has developed an autonomous operational technology (OT) security assessment platform.
According to Security Week, the firm announced on Tuesday that it has successfully raised $3.88m in seed funding. The investment round was spearheaded by DataTribe, aiming to propel Frenos’s growth and broaden its market presence across vital infrastructure sectors.
The company specializes in a unique AI-native platform designed to evaluate, prioritize, and safeguard mission-critical environments, ensuring there is no disruption to operations.
Cybersecurity firm Freeze raises $2.6m
Freeze, a cybersecurity company specialising in proactive offensive security, has raised $2.6m in a seed funding round.
The funding round was backed by a group of angel investors, cybersecurity specialists, and technology experts who recognise the increasing demand for security solutions that move beyond traditional reactive approaches.
Freeze Inc. is reshaping cybersecurity by tackling the root cause of attacks—information exploitation and human exploitation.
Open banking pioneer Yavrio secures $2.4m
Yavrio, an innovative FinTech focused on open banking, has successfully closed a seed funding round, raising $2.4m.
According to TechEU, the round was led by Fuel Ventures, with notable contributions from Sir Sajid Javid, a former Chancellor of the Exchequer, Garth Ritchie, ex-president of Deutsche Bank, and Dan Cobley, co-founder of ClearScore and Salary Finance.
The company specializes in integrating open banking technology with enterprise resource planning (ERP) systems. By connecting ERPs directly to banks, Yavrio eliminates the need for manual, error-prone CSV file uploads, facilitating faster and more secure transactions.
SME lender UsPlus secures $2m investment
UsPlus, a South Africa-based financial services firm specialising in working capital solutions for small to medium-sized enterprises (SMEs), has secured a $2m mezzanine investment from Verdant Capital Hybrid Fund.
The investment, structured as junior convertible debentures, marks the fund’s fifth investment and aims to enhance UsPlus’ invoice factoring services across key industries in South Africa.
Founded in 2015, UsPlus provides essential working capital to SMEs that have historically struggled to secure financing through traditional means.
AI FinTech startup Wyzr secures £400,000
Wyzr, an AI-driven FinTech startup focused on providing financial management solutions for small and micro businesses, has secured £400,000 in funding.
The funding round was successfully completed following Wyzr’s participation in NatWest’s Fintech Demo Day, where the company’s founder, Ajit Barik, pitched to a room of angel investors. The event served as a crucial platform for Wyzr to connect with potential backers and further strengthen its banking relationship with NatWest.
Founded by Ajit Barik, Wyzr offers an AI-powered financial management platform designed to help small businesses better understand their financial health.
