FinTech funding surges past $2.2bn this week

July 4, 2025

A mammoth $2.24bn was raised across 15 FinTech funding rounds this week, as the sector bounced back from weaker figures seven days ago.

The standout deal was a massive $1.5bn raise by UK-based Propel Finance, aimed at boosting SME lending in the UK, one of the largest single funding rounds in European FinTech this year.

This mega-round alone accounts for more than half of the week’s total capital raised.

Close behind was Mexican digital banking powerhouse Klar, which secured $190m in fresh funding to accelerate its expansion in Latin America.

Africa’s FinTech ecosystem also made a strong showing, with mobile-first platform Wave raising €117m, reinforcing investor confidence in the continent’s digital financial inclusion journey.

RegTech and cybersecurity firms collectively drew substantial backing, with UK-based Clearspeed securing $60m to advance its voice-based risk technology, alongside significant rounds for French cybersecurity firm Gatewatcher (€25m) and Greek banking technology provider Natech (€28m). US-based AI security startup Bonfy.ai raised $9.5m, further underscoring the global demand for advanced compliance and risk management tools.

Smaller but strategic deals punctuated the week, including wealth management platform Savvy Wealth’s $72m Series B, Dutch InsurTech Surebird’s €1.165m seed round, and Danish insurtech Leaf Insurance raising €1.74m. Meanwhile, US FinTech DailyPay completed a $200m securitisation to fuel growth, and Indonesian AI spend platform Monit raised $2.5m, highlighting a broad geographic spread of innovation.

The US and UK continued to dominate the landscape, accounting for the majority of deals by volume and value.

The UK led with four deals including Clearspeed, Savvy Wealth, Propel Finance, and usecure (undisclosed funding), while the US saw multiple rounds, including DataBahn’s $17 million Series A and Zango AI’s $4.8 million raise.

Sector-wise, Banking Infrastructure dominated, driven primarily by Propel Finance, Klar, and Natech’s combined haul of over $1.7bn and €28m. RegTech and Cybersecurity followed, with six deals totalling approximately $101m and €25m. PayTech also maintained momentum with DailyPay and Wave’s combined $329m and €117m raises.

Here are this week’s FinTech funding rounds:

Propel Finance secures £1.5bn to boost UK SME lending

Propel Finance, a UK-based asset finance provider for SMEs, has reportedly secured a new £1.5bn funding round to expand its lending capabilities across the country.

The funding was backed by a range of financial institutions, including Barclays, Bank of America, Citi and the British Business Bank, according to a report from FinTech Finance News.

Legal advice was provided by Ashurst and Blake Morgan, with Interpath acting as advisers on the mezzanine facility.

Propel Finance helps small and medium-sized enterprises across the UK access financing for manufacturing, transport, and construction equipment, as well as technology and telecoms solutions.

DailyPay completes $200m securitisation to fuel growth

DailyPay, a worktech platform providing on-demand pay and financial wellness solutions for employers and employees, has announced the completion of a $200m asset-backed securitisation.

The securitisation, backed by leading financial institutions, featured Barclays as lead bookrunner and structuring agent, with Citi and Morgan Stanley serving as joint bookrunners. The notes offering was rated by Morningstar DBRS, with ratings from AA (sf) to BB (sf). Legal advice was provided by Latham & Watkins for DailyPay and Mayer Brown for the bookrunners.

DailyPay offers employers the ability to provide their staff with on-demand access to earned wages, helping employees move away from the traditional two-week pay cycle while having no impact on employer cash flow or payroll processes.

Mexican FinTech Klar secures $190m in fresh funding

Klar, a Mexican FinTech company providing app-based financial services to consumers and small businesses, has raised $190m in a series C funding round, pushing its valuation above $800m.

The round was led by US private equity giant General Atlantic, with $170m in equity and $20m in venture debt, according to a report from Tech in Asia.

Other investors included returning backers Prosus, IFC, Mouro Capital, and Quona Capital, alongside new participants Santander Group, Grupo Televisa, and Grupo Formula.

Founded in 2019, Klar offers a suite of app-based financial services designed to serve the needs of Mexican consumers and SMEs, providing credit and digital banking tools.

The company offers credit cards, a digital banking account, Mastercard, loans, financial education, investment services and more.

Mobile-first FinTech Wave raises €117m for Africa

Wave Mobile Money, a mobile-first FinTech company transforming how Africans manage and move money, has secured €117m in debt financing to deepen its reach across the continent.

The funding round was led by Rand Merchant Bank (RMB) with support from British International Investment (BII), Norfund, and Finnfund, according to a report from Tech Africa News.

The fresh funding will help strengthen Wave’s working capital, scale its operations, and grow its services to new markets.

Wave, which operates in Burkina Faso, Gambia, Mali, Niger, and Cameroon, offers low-cost, mobile-first financial services including 1% transfer fees and 24/7 customer support.

WealthTech Savvy Wealth bags $72m Series B funding

Savvy Wealth, a digital-first platform for financial advisors focused on modernising human-centred financial advice, has closed a significant funding round to expand its technology and services.

The company has raised $72m in a Series B funding round led by Industry Ventures. New investors include Vestigo Ventures, founded by former LPL Financial CEO and chairman Mark Casady, who has joined the Savvy Wealth board, and Euclidean Capital.

Existing investors Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati also participated, bringing the firm’s total funding to over $100m.

Savvy Wealth offers an integrated platform for financial advisors, combining purpose-built technology with a human-led approach to modernise wealth management. Its platform enables advisors to scale revenue faster while spending more time with clients, supporting areas such as personalised investment management, financial planning, estate planning and high-yield cash management.

Clearspeed secures $60m Series D to boost voice-based risk tech

Clearspeed, a global leader in voice-based risk assessment technology, has announced a successful $60m Series D funding round, increasing its total capital raised to $110m.

The round was led by Align Private Capital, with participation from IronGate Capital Advisors, Bravo Victor Venture Capital, and KBW Ventures.

Notably, General David H. Petraeus (US Army, Ret.) also joined as a multi-round investor. Alongside the funding announcement, Anna Nekoranec, co-founder and CEO of Align Private Capital, will join Clearspeed’s Board of Directors.

The company specialises in using artificial intelligence-driven voice analytics to assess risk rapidly and accurately, enabling clients to detect fraud, reduce security threats, and make informed decisions without causing friction for end users. Clearspeed’s technology is widely applied in insurance, government, defence, and financial services sectors.

Banking tech firm Natech secures €28m for EU expansion

Greek FinTech firm Natech Banking Solutions, a banking technology platform, has reportedly announced the successful completion of its Series B capital increase.

The company has raised over €28.1m in growth funding, including €22.1m in equity and €5.9m in long-term, low-interest debt, according to a report from EU Startups. The round closed ahead of the public launch of Snappi Bank, Natech’s joint venture with Piraeus Financial Holdings.

Founded in 2003, Natech Banking Solutions helps financial institutions compete in a rapidly changing banking environment. The company offers a modular, API-driven ecosystem that allows banks and FinTechs to launch financial products, modernise operations and scale quickly across Europe.

Cybersecurity firm Gatewatcher lands €25m from EIB

Gatewatcher, a French cybersecurity company, has received a €25m venture debt facility from the European Investment Bank (EIB).

The EIB provided the funding to help Gatewatcher enhance its AI-driven network detection and response platform. The financing is part of the EIB’s commitment to European security and defence initiatives.

Founded in 2015, Gatewatcher develops cyber threat detection solutions for businesses and public institutions, including critical infrastructure operators. Its NDR platform uses artificial intelligence and real-time threat intelligence to deliver continuous network monitoring and attack response.

The funding will support Gatewatcher’s plans to improve its detection algorithms, launch new AI modules, and expand internationally across Europe, the Middle East, Asia and Africa.

FinTech DataBahn.ai secures $17m Series A funding

DataBahn.ai, a FinTech building security-native data pipelines for enterprises, has raised $17m in a Series A funding round.

The investment was led by Forgepoint Capital with participation from S3 Ventures and returning backer GTM Capital, bringing DataBahn.ai’s total raised to $19m.

The company enables enterprises to manage, govern and optimise their data pipelines using AI-powered automation across security, observability and IoT/OT ecosystems. Its technology offers telemetry collection without heavy resource loads, enriching and filtering data in real time to reduce noise and costs while improving insights for security and business teams.

With the new funding, DataBahn.ai will accelerate development of its platform, which uses agentic AI to automate data engineering, while also supporting global expansion to meet demand from enterprises seeking scalable AI operations.

AI security pioneer Bonfy.AI bags $9.5m seed funding

Bonfy.AI, an AI security startup specialising in adaptive content protection, has launched from stealth as it aims to secure the growing volume of content created by generative AI tools.

The company raised $9.5m in seed funding led by TLV Partners, with participation from Saban Ventures, to support the development and rollout of its Bonfy Adaptive Content Security platform.

Bonfy.AI provides tools to help organisations monitor and secure content generated by platforms like ChatGPT, Microsoft 365 Copilot and Slack. It uses AI-powered business context and logic to detect and prevent data leaks, privacy breaches and non-compliant communications.

The company has a focus on regulated sectors including healthcare, finance, and legal.

Zango AI raises $4.8m to advance compliance tools

London-based Zango AI, a RegTech startup leveraging artificial intelligence to overhaul financial compliance systems, has secured $4.8m in fresh funding.

The seed round was led by Nexus Venture Partners, with participation from South Park Commons, Richard Davies, CEO of Allica Bank, Alan Morgan, former head of financial services at McKinsey (EMEA), Mark Ransford, Notion Capital, No Label Ventures, and Start Ventures, according to Finextra.

Zango’s AI agents, already used by Novobanco, Monzo, and Juni, track regulatory changes and maintain real-time compliance. The company is building a query-based compliance system using Large Language Models.

Funding will go towards expanding teams in London and Bengaluru, further developing product modules, and branching into insurance and asset management.

Co-founders Ritesh Singhania and Shashank Agarwal bring deep sector experience, including leadership roles at ClearGlass, Simplitium, Third Watch, and PhonePe.

Indonesian FinTech Monit raises $2.5m for AI spend platform

Monit, an Indonesian spend management platform, has secured $2.5m in a funding round.

The round was led by Cento Ventures, as it looks to enhance its AI-powered financial tools, according to a report from Tech in Asia.

The round also saw participation from Sansan, based in Japan, alongside existing backers 1982 Ventures and Init 6.

Monit, based in Jakarta, integrates corporate cards with AI-driven software, aiming to address challenges in business spending and financial management for small and medium-sized enterprises.

The platform enables real-time transaction visibility and allows businesses to exercise detailed control over spending, including merchant locking, salary cut flags and multi-layer approval flows.

Danish InsurTech Leaf Insurance secures €1.74m funding

Leaf Insurance, a Denmark-based InsurTech startup, has raised €1.74m in a recent funding round.

Founded in 2023, the company operates as a licensed insurance broker, providing a digital-first approach to business insurance and pensions, according to the Coverager.

The funding round was led by caesar, with additional backing from Denmark’s Export and Investment Fund (EIFO) and several angel investors.

Leaf offers a platform that leverages data and automation to help businesses manage their insurance and pension needs.

By integrating with popular accounting platforms, the solution retrieves company data to recommend the most appropriate coverage, aiming to remove complexity from traditional insurance processes.

Dutch InsurTech Surebird secures €1.165m seed investment

Dutch InsurTech startup Surebird, which is building a digital platform to transform how people manage their insurance, has successfully completed a €1.165m seed funding round to power its next stage of development.

The investment was led by Quantum Leap Capital, Dutch Operator Fund, and Bright Business, according to FF News.

Notably, Coen de Ruiter, the former CEO of insurance comparison site Independer, has joined Surebird as chairman of its advisory board, bringing a strong industry track record to the startup.

Surebird is aiming to streamline the insurance experience through a single digital platform. Unlike conventional comparison websites, its solution continuously monitors insurance policies, detects when a user’s coverage becomes outdated or misaligned with life changes, and then offers independent recommendations to either improve cover or save money.

Event budgeting platform Eventwise bags £525k

Eventwise, an end-to-end event budgeting platform, has secured fresh investment to accelerate its mission of giving event professionals complete control over their finances while they deliver exceptional experiences.

The company has raised £525k in a round led by Fuel Ventures, closing on 30 June, marking a significant milestone as Eventwise looks to scale its platform and infrastructure to meet rising demand within the events industry.

Eventwise provides event teams with a single platform to manage complex budgets with clarity, aiming to reduce administrative burdens and improve forecasting accuracy while giving businesses full visibility over their spending throughout the planning process.

The new funding will support Eventwise’s plans to enhance its platform with further technology development, expand customer success functions to support its growing user base, and build operational capabilities as it accelerates into new markets.Event budgeting platform Eventwise bags £525k

Human risk platform usecure secures Series A from Kennet

usecure, a human risk management platform for MSPs and IT teams, has secured Series A funding from growth equity firm Kennet Partners.

Kennet Partners, which invests in founder-led B2B SaaS businesses, provided the funding after launching its €266m Kennet VI fund to scale software firms.

Founded in 2016, usecure helps MSPs and IT teams reduce human cyber risk through automated training, phishing simulations and human risk analytics. The platform supports over 400,000 end-users globally through cloud distributors and marketplaces.

The funding will be used to accelerate usecure’s global growth, expand its team, and invest in developing advanced human risk management and behaviour analytics tools.