Over $1bn was invested into the FinTech sector this week, despite a slow week for deals.
There were 16 FinTech deals completed this week, with a total of $1.13bn raised. There were five deals that exceeded $100m. The biggest deal was secured by UK-based Abound, which offers quick access to loans. It was followed by banking software developer Mercury Financial, which raised $300m and upped its valuation to $3.5bn.
The majority of FinTech deals were completed in the US. Of the 16 deals, 11 of them were into US-based companies. Other countries represented this week were the UK with three deals and Canada and Argentina with one deal each.
In terms of sectors, CyberTech proved the most popular. The sector recorded eight deals this week, with PayTech following behind with three deals. As for the remaining deals, there were two RegTechs, one infrastructure and enterprise software, one WealthTech and one marketplace lending.
Here are the 16 FinTech deals covered on FinTech Global this week.
Deutsche Bank backs London FinTech Abound with £250m ($324m)
Mercury Financial hits $3.5bn valuation with $300m funding boost
Mercury Financial has announced a significant boost in funding, securing $300m in a new round that values the company at $3.5bn.
According to Silicon ANGLE, the firm, established in 2017, is renowned for its tailored financial services aimed at tech startups.
The Series C funding round was led by Sequoia Capital Management LP, with contributions from Spark Capital, Marathon Asset Management LP, Coatue Management, Charles River Ventures, and Andreessen Horowitz Management. These top-tier investors reflect strong confidence in Mercury’s business model and future growth prospects.
Mercury specializes in providing comprehensive banking services to startups and tech-focused businesses. Through partnerships with FDIC-insured banks, the company offers business checking and savings accounts, debit cards, and international wire transfers. Additionally, its platform includes advanced financial tools like cash flow analytics and customizable dashboards to aid businesses in managing their finances effectively.
The fresh capital will be directed towards accelerating product development, exploring potential acquisitions, and expanding the team. Mercury is committed to driving innovation within the FinTech sector, aiming to enhance its existing services and introduce new offerings to meet the evolving needs of tech startups.
Beyond its core banking solutions, Mercury has ventured into venture debt financing since 2022, providing startups with alternative funding options to fuel their growth. The company has also focused on enhancing its financial tools, such as improved invoicing and employee receipt management features introduced in February, which streamline financial workflows for users.
Island lands $250m funding as valuation nears $5bn milestone
Island, the company behind the Enterprise Browser, has secured $250m in a Series E funding round, propelling its valuation to $4.8bn—just five years after its founding in 2020.
The latest round was led by Coatue Management, with additional backing from several existing investors. This latest injection brings Island’s total outside funding to approximately $730m.
Island develops a Chromium-based browser designed specifically for enterprise use, embedding security, IT, and productivity tools directly into the browser experience. The product is aimed at improving the digital workspace by offering organisations secure access to applications, reducing complexity, and streamlining IT operations.
The Dallas-headquartered company officially launched from stealth in early 2022 and has since grown rapidly. It now boasts 450 customers, with its annual recurring revenue doubling each year. Island has seen adoption across Fortune 1000 firms, mid-sized businesses, government bodies, and academic institutions.
Galaxy backs MoonPay with $200m credit line to fuel digital asset growth
Digital asset payments platform MoonPay has secured a $200m revolving credit line from digital asset-focused financial services firm Galaxy.
The funding, one of the largest revolving credit lines in the digital asset sector, comes as MoonPay experiences significant momentum.
MoonPay enables users and businesses to buy, sell, and manage digital assets through seamless payment solutions.
The $200m credit facility is intended to help MoonPay manage growing demand, maintain liquidity, and ensure uninterrupted service delivery.
In 2024, MoonPay ended the year cash-flow positive and profitable, achieving 112% year-on-year net revenue growth.
AI-powered safety platform Aura raises $140m in Series G funding
Aura, a leading provider of AI-powered online safety solutions for individuals and families, has completed its Series G funding round.
The company secured $140m in a mix of equity and debt financing. The round was led by Ten Eleven Ventures and Madrone Capital, with new backing from AT&T Ventures. Existing investors Accel, Warburg Pincus and General Catalyst also participated.
This marks Aura’s first capital raise since separating from Pango Group earlier in 2024 and values the firm at $1.6bn.
Aura offers an integrated, all-in-one product that uses artificial intelligence to deliver personalised online safety. The platform includes tools for device security, scam and fraud protection, identity theft monitoring, and child safety features such as cyberbullying and online predator alerts. Its AI engine, Aura Intelligence, underpins the automation and customisation of these services.
Dataminr secures $85m for AI-driven real-time intelligence expansion
Dataminr has successfully secured $85m in a new funding round. The investment was led by NightDragon and HSBC, leveraging a combination of convertible financing and credit facilities.
The funding will accelerate Dataminr’s growth trajectory as it continues to develop innovative Generative AI and Agentic AI technologies. These advancements are critical for shaping the future of real-time information processing, enabling organizations to respond more effectively to global risks and opportunities.
Dataminr has carved a niche in the market with its unique real-time AI platform. The platform is capable of discovering and evaluating events, risks, and threats by integrating various data forms including images, videos, sounds, machine-generated sensor data, and textual content across 150 languages. This robust integration allows the platform to perform trillions of computations daily, processing billions of multi-modal public data signals from millions of sources, thereby delivering the most accurate and comprehensive real-time information available.
The new capital injection will be used to further expand Dataminr’s international presence, particularly in Europe, the Middle East, and Asia. Additionally, the funding will support the development of new products in various verticals through its Platform API.
This round of funding is a testament to Dataminr’s sustained growth and innovation. Notably, the company is gearing up for the 2025 launch of its Context Agents feature, an Agentic AI capability that will add real-time contextual insights to breaking events, enhancing the decision-making process for businesses and governments alike.
Latin American neobank Ualá secures $66m in Series E extension
Ualá, a prominent Latin American neobank providing digital financial services across the region, has expanded its Series E funding round with an additional $66m, bringing the total raised in the round to $366m.
The extension follows the original Series E closing in November 2024, led by Allianz X. The second close included a strategic investment from TelevisaUnivision, the world’s largest Spanish-language media company.
Founded in 2017, Ualá offers a broad suite of financial services through a mobile-first platform. The company’s ecosystem includes debit and credit cards, personal loans, investment tools, and payment solutions. Ualá also developed UaláScore, an AI-driven credit evaluation system that enables personalised lending by assessing user behaviour within the app.
The new funding will support Ualá’s continued expansion across Mexico, Argentina, and Colombia. The company aims to accelerate investment in its technology infrastructure and product innovation while scaling its operations throughout Latin America.
The Series E round, originally closed in November 2024, marked the largest private investment in Latin America in three years, it claimed.
In addition to Allianz X and TelevisaUnivision, the round attracted a host of global backers, including Stone Ridge Holdings Group, Tencent, Pershing Square Foundation, Ribbit Capital, Alan Howard, Goldman Sachs Asset Management, Soros Fund Management LLC, Rodina, SoftBank Latin America Fund, Jefferies, D1 Capital Partners, Claure Group, AlleyCorp, and Monashees.
Stablecoin card issuer Rain secures $24.5m to fuel global expansion
Rain, a global card issuing platform powered by stablecoins, has raised $24.5m in a new funding round aimed at accelerating its international growth.
The investment was led by Norwest Venture Partners, with participation from new backers including Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital also joined the round.
Founded in 2021, Rain enables the issuance of physical and virtual payment cards directly connected to stablecoin balances. The firm operates across more than 100 countries, offering businesses a platform that integrates stablecoin infrastructure with card issuing capabilities.
Straiker raises $21m from Lightspeed and Bain to tackle enterprise AI risks
Straiker, an AI-native security firm, revealed today its emergence from stealth with an initial funding of $21m.
The investment was led by Lightspeed Ventures and Bain Capital Ventures, positioning Straiker at the forefront of safeguarding enterprise AI applications.
The company raised $21m in a significant funding round backed by prominent investors Lightspeed Ventures and Bain Capital Ventures. This financial support underlines confidence in Straiker’s innovative approach to AI security.
Straiker is dedicated to protecting a wide array of enterprise AI applications, ranging from native apps to autonomous agents. The company’s solutions are tailored to address the escalating security and safety risks that accompany the increasing use of sophisticated AI technologies in business environments.
The funding will be utilized to further develop Straiker’s security solutions, which are crucial for enterprises looking to deploy AI safely and effectively. The aim is to equip organizations with the tools needed to preemptively tackle the security challenges that AI poses, ensuring a secure operational future.
Straiker’s launch also includes the introduction of two advanced AI-native modules, Ascend AI and Defend AI. These modules are designed to enhance AI app security through continuous threat assessment and protection, integrating seamlessly to deliver real-time defense against a spectrum of AI-related security threats.
GetReal Security clinches $17.5m in Series A to combat Generative AI threats
GetReal Security, a leader in the cybersecurity space, has successfully closed a Series A funding round, securing $17.5m.
The round was spearheaded by Forgepoint Capital, a prominent early-stage investor in cybersecurity and AI technologies. Other participants included Ballistic Ventures, Evolution Equity, and K2 Access Fund, along with strategic investors such as In-Q-Tel (IQT), Cisco Investments, and Capital One Ventures.
GetReal Security is dedicated to addressing the increasingly complex cybersecurity challenges posed by generative AI, including deepfakes and impersonation attacks. The company’s innovative solutions are designed to detect and mitigate these threats, safeguarding the integrity of digital content across various enterprises.
The fresh influx of capital will primarily fund GetReal’s research and development, product development, and go-to-market strategies. This investment comes at a crucial time when the use of generative AI is becoming more prevalent, introducing new vulnerabilities that need urgent attention and robust countermeasures.
Additional plans include expanding the company’s operations and enhancing its product offerings. GetReal has also introduced GetReal Respond, a new incident response service aimed at supporting organizations in handling complex cybersecurity incidents with top-tier forensic analysis.
Charm Security raises $8m to launch AI-powered customer protection platform
Charm Security, an AI-powered customer security platform, has launched from stealth with a mission to protect organisations and individuals from scams, social engineering, and other forms of human-centric fraud.
The company has raised $8m in seed funding, with the round led by Team8’s venture creation fund.
Charm Security develops real-time AI-based solutions designed to intervene before scams can be executed, helping organisations identify and disrupt fraudulent activity. It integrates psychological insights with AI-driven risk assessments to deliver tailored protection against human-focused attacks.
With the funding secured, Charm plans to expand its team, accelerate product development, and scale its market presence. The company will also pursue strategic partnerships to encourage broader adoption of its fraud prevention technology.
SplxAI secures $7m in seed funding to fortify Agentic AI security
SplxAI, a trailblazer in offensive security for Agentic AI, has successfully closed a $7m seed funding round.
The investment was spearheaded by LAUNCHub Ventures with contributions from Rain Capital, Inovo, Runtime Ventures, DNV Ventures, and South Central Ventures. The funding round not only marks a significant milestone for SplxAI but also sees new additions to their leadership. LAUNCHub General Partner Stan Sirakov will join the company’s Board of Directors, and former Brand Engagement Network CISO Sandy Dunn is set to become the Chief Information Security Officer.
The company is dedicated to advancing the security of internal AI agents and customer-facing AI applications. This is achieved through their innovative SplxAI Platform, which incorporates automated security testing, dynamic remediation, and continuous monitoring to safeguard AI systems.
With the fresh capital, SplxAI plans to accelerate the development and adoption of its platform. The funding will bolster efforts to enhance security features and expand the platform’s capabilities, ensuring organizations can confidently deploy AI technologies without fear of security breaches.
SplxAI’s technology is particularly crucial as the adoption of AI agents becomes more prevalent in various industries. Their platform addresses the unique security challenges posed by AI and LLM technologies, simulating sophisticated adversarial scenarios to detect and mitigate potential threats effectively.
FinTech startup Burbank raises £5m ($6.5m) to roll out card-present online payments
Burbank, a UK-based FinTech company pioneering advancements in next-generation payments technology, has secured £5m in Series Seed funding to support the global launch of its innovative platform, Card-Present over Internet (CPoI).
The seed round was led by Mouro Capital, with additional backing from Anthemis, supported by Foxe Capital, Portfolio Ventures, and other unnamed investors. The fresh capital injection is aimed at accelerating the rollout of Burbank’s payment solution across international markets.
Burbank’s core product, CPoI, brings the familiar in-store card-present experience—typically involving a tap and PIN entry—to online environments. This development addresses a longstanding limitation in e-commerce by shifting away from card-not-present (CNP) transactions, which are more susceptible to fraud, chargebacks and transaction declines.
Canadian digital risk platform Styx Intelligence raises $2.7m to combat AI-driven threats
Climate policy AI platform Maiven raises £1.5m ($1.9m) to support global regulatory compliance
Maiven, a UK-based RegTech company, has launched an AI-driven platform that delivers real-time, personalised climate policy insights to help corporates navigate a rapidly evolving global regulatory landscape.
The company has secured £1.5m in seed investment from a group of backers including Pale Blue Dot, Ada Ventures, Tiny VC, Ventures Together, and Earth, along with angel investors Dorothy Chou, Brandon Mhangami, and Daphne Dovermann, according to a report from Climate Impact Partners.
Maiven has developed a platform designed to monitor and alert businesses to climate policy developments that could affect their operations. The tool tracks over 5,000 policies and laws across the globe, enabling companies to anticipate climate-related risks and strategic opportunities with a high degree of accuracy.
The platform features real-time monitoring, automated alerts, and in-depth analysis, all geared toward helping businesses mitigate risks and capitalise on opportunities presented by climate policy changes, Climate Impact Partners stated.
Digital Executive Protection leader BlackCloak secures funding from The LegalTech Fund
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