The FinTech sector recording a powerful week for FinTech deals this week, bringing in $1.63bn across 27 deals.
The raise that dominated this week’s investments was for Canadian FinTech firm Wealthsimple, who brought in $750m CAD.
Geographically, it was another powerfully dominant week for US firms, who secured 18 of the total deals. Saudi Arabian trailed far behind on two, with Dubai, Hong Kong, Tunisia, Sweden, Denmark, Canada and Israel all on one.
Sector-wise, CyberTech firms were the most dominant on 7 deals, with PayTech and financial infrastructure firms on 5-a piece. WealthTech and InsurTech firms recorded 3 deals, RegTech’s recorded 2 deals and PropTech and Crypto firms pulled in 1 deal each.
Despite this powerful week for investment, research from FinTech Global this week found that funding for FinTechs in Europe this week dropped by 42% year-on-year in Q3.
The European FinTech sector recorded total funding of $2bn across 174 deals, representing a 42% decline in investment value from the $3.5bn raised in Q3 2024 and an 11% drop in deal volume from 196 transactions during the same period.
Here are this week’s deals.
Wealthsimple raises $750m
Wealthsimple, one of Canada’s leading FinTech companies, has announced a significant equity round of up to CAD $750m, propelling its post-money valuation to CAD $10bn.
The round was co-led by Dragoneer Investment Group and GIC, alongside participation from CPP Investments, Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech.
Founded in 2014 and headquartered in Toronto, Wealthsimple has established itself as one of Canada’s most trusted money management platforms.
SavvyMoney secures $225m to drive FinTech growth
SavvyMoney, a leading provider of financial wellness and growth solutions for banks, credit unions and FinTechs, has raised $225m.
The funding was co-led by PSG and Canapi Ventures, with continued backing from Spectrum Equity.
The new investment will support SavvyMoney’s plans to accelerate its product roadmap and enhance go-to-market initiatives.
Sublime Security raises $150m
Sublime Security, a leading agentic email security platform, has raised $150m in Series C funding to advance its AI-driven approach to cyber defence.
The round was led by Georgian, with participation from new investors Avenir and 01A, as well as existing backers Index Ventures, IVP, Citi Ventures, and Slow Ventures.
The fresh capital comes amid a surge in email-based cyberattacks, increasingly fuelled by generative AI. Unlike traditional, static security tools, Sublime’s technology deploys a suite of specialised AI agents that continuously protect, triage, and evolve their responses to threats in real time.
Fintap secures $86.5m credit facility
Fintap, a technology-enabled specialty finance company based in Clifton, New Jersey, has secured a new credit facility and corporate note worth up to $86.5m.
The announcement marks a significant step forward for the firm as it accelerates technology development and expands its financial services for small and medium-sized businesses (SMBs).
The company confirmed it has closed a credit facility of up to $82.5m alongside a corporate note of $4m, a substantial increase from its 2021 financing. This latest capital injection is expected to support Fintap’s mission of expanding access to working capital for underserved businesses across the United States.
ConductorOne raises $79m
ConductorOne, an AI-native identity security platform, has raised $79m in a Series B round led by Greycroft, with participation from CrowdStrike Falcon Fund, Accel, Felicis Ventures, and others.
This brings the company’s total funding to more than $100m.
The US-based firm helps enterprises protect every identity—human, non-human, and AI—through an automated, AI-powered platform.
FundPark raises $71m
Hong Kong-based FundPark, a technology company pioneering an AI-driven platform to help eCommerce firms grow faster, has raised $71m in new financing to accelerate its expansion and further develop its ‘Scale-Up as a Service’ model.
The latest round includes participation from an Ares Management APAC Credit fund, with equity investment from Alpha Nova Capital Management and follow-on investor Radiant Tech Ventures. The equity portion of the raise was advised by Goldman Sachs.
FundPark provides working capital and business intelligence tools designed to empower cross-border eCommerce sellers.
Cyber range innovator SimSpace raises $39m
SimSpace, a cybersecurity company specialising in realistic and intelligent cyber ranges, has secured $39m in new funding to strengthen its mission of helping organisations outsmart evolving cyber threats.
The latest investment combines debt and equity and includes participation from new backers BTG Pactual U.S. Private Credit Investments and Communitas Capital, alongside existing investor L2 Point Management.
The backing signals strong market confidence in SimSpace’s ability to deliver advanced cyber preparedness solutions.
Defakto raises $30.75m
Defakto, a cybersecurity company specialising in non-human identity protection, has raised $30.75m in a Series B funding round led by XYZ Venture Capital.
The round also saw continued participation from The General Partnership, Bloomberg Beta, WndrCo, Adverb Ventures, and J.P. Morgan, as well as industry veteran Michael Coates, the former CISO of Twitter.
Based in the United States, Defakto — formerly known as SPIRL — is pioneering a new approach to securing non-human identities, including services, workloads, machines, pipelines, and AI agents.
Compliance platform Formalize secures €30m
Formalize, a fast-growing compliance software company, has raised €30m in a Series B funding round to accelerate its expansion across Europe.
The round was co-led by Germany’s Acton Capital and France’s BlackFin Tech, with further participation from West Hill Capital and CIBC Innovation Banking.
The company, which provides an all-in-one platform for governance, risk, and compliance (GRC), aims to simplify how thousands of small and medium-sized enterprises (SMEs) navigate the EU’s evolving regulatory environment.
CyberRidge secures $26m
CyberRidge, which specialises in photonic encryption technology that makes sensitive data disappear, has emerged from stealth mode after raising a total of $26m in funding.
The company secured an initial $10m seed round led by Canadian-Israeli investment group Awz, followed by a $16m extension involving Arkin Capital, Redseed VC, Elron Ventures, and the EU Horizon-EIC programme.
The new funding will accelerate the rollout of CyberRidge’s pioneering approach to securing data in transit by making it effectively unrecordable.
Reflectiz raises $22m
Reflectiz, a Boston-based web exposure management company, has raised $22m in a Series B round led by Fulcrum Equity Partners, with support from Capri Ventures, YYM Ventures, AFG Partners, and others.
The funding will help Reflectiz expand its AI-driven platform to deliver Continuous Threat Exposure Management (CTEM) for websites, grow its partner network, and accelerate its go-to-market plans. It will also support the company’s new global headquarters in Boston.
Founded in 2019, Reflectiz provides a fully agentless platform that detects and analyses all third-party tools and open-source components on enterprise websites.
Clerq raises $21m
Clerq, a payments platform specialising in high-ticket transactions, has raised $21m to accelerate its mission to modernise the checkout experience across industries reliant on outdated payment methods.
The round includes a $12m Series A led by 645 Ventures, with participation from existing investors FirstMark Capital, Fika Ventures, Commerce Ventures, and Dash Fund. New strategic investors Friedkin and Yossi Levi, founder of Car Dealership Guy, also joined the round.
Clerq provides a digital payments platform designed for industries traditionally underserved by card-first payment systems.
FinTech firm Ava raises $15.5m
Ava, a consumer FinTech company based in the US, has raised $15.5m in seed funding to tackle the growing national debt crisis and help Americans improve their credit health through automation.
The funding round saw participation from Greylock, Transform VC, Firebolt, Twine Ventures, Sure Ventures, Defy.vc, Burst Capital, and prominent angel investors, including senior executives from Meta, Credit Karma, and Plaid.
Founded by Omar Sinno (CEO), Reza Rahman (president), and Abdellatif Lawand (CTO), who have backgrounds at Stripe and Credit Karma, Ava aims to simplify personal finance management through its $10-per-month subscription app.
Brico bags $13.5m
AI-driven RegTech firm Brico, which automates state and federal licensing for financial institutions, has raised $13.5m in a Series A round.
The funding was led by Flourish Ventures, with participation from Restive Ventures and Pear VC. The raise comes just a year after Brico’s seed round, reflecting investor confidence in its rapid 600% growth and AI-first approach.
Founded in 2023 by Snigdha Kumar and Edward Swiac, the San Francisco-based company helps payments, digital asset, lending, and mortgage firms complete licensing up to five times faster and at a fraction of the cost.
Uptiq.ai raises $12m
Uptiq.ai has raised $12m in new funding to accelerate the adoption of its flagship platform, Qore, and bring advanced AI capabilities to financial institutions of all sizes.
The funding round was led by Silverton Partners, with participation from Live Oak Venture Partners, Tau Ventures, First Capital and Green Visor Capital. The investment reflects growing confidence in AI-driven solutions tailored specifically for the financial sector.
Uptiq.ai specialises in providing next-generation AI infrastructure designed to make innovation in financial services both compliant and scalable.
AI security firm Polygraf AI bags $9.5m
Polygraf AI has raised $9.5m in seed funding to scale its secure AI technology for enterprise, defence and intelligence applications.
The round was led by Allegis Capital, with participation from Alumni Ventures, DataPower VC, Domino Ventures, and existing investors.
The fresh capital will accelerate Polygraf AI’s mission to build trusted AI systems capable of operating in the most sensitive and high-stakes environments.
AI FinTech Grasp secures $7m
Swedish AI company Grasp, which automates investment banking and management consulting work using multi-agent systems, has raised $7m in Series A funding to accelerate its international expansion.
The round was led by Octopus Ventures, with participation from existing investor Yanno Capital. Alongside the funding, Grasp announced the opening of its first international office in London to meet increasing global demand for its technology.
This new investment brings the company’s total funding to $9m.
AI private markets OS Bridge raises $5.1m
Bridge, a FinTech company developing the first AI-native operating system for private market allocators, has raised $5.1m in a seed financing round led by Thicket Ventures.
The round also included participation from several high-profile industry figures, including Bill Lewis (ex-Lazard, ex-Morgan Stanley), Bob White (Bain Capital), Nate Sleeper (CD&R), Dani Fava (Carson Group), Ed Swenson (Dynasty), Molly Bennard (ex-Focus Financial), Peter Lee (Summit Trail Advisors), Chris Piazza (KKR, ex-iCapital), and David Hauser (Vanilla), among others.
In conjunction with the investment, Thicket Ventures founder and general partner Justin Wisz will join Bridge’s board of directors.
Cylerity raises $4m
Cylerity, a Madison-based healthcare FinTech using AI to accelerate payments to providers, has raised $4m in an oversubscribed seed round and secured a $24m debt facility from First Business Bank.
The round was led by HealthX Ventures, with support from C2 Ventures, Upstream Ventures, Wisconsin Investment Partners, and Tundra Angels. The funding aims to ease financial strain for healthcare providers facing long insurer reimbursement cycles.
Cylerity’s platform uses AI and machine learning to predict when claims will be paid and how much will be reimbursed, allowing funds to be advanced within 24 hours of claim submission.
Tunisian InsurTech PAYDAY bags $3m
Tunisian FinTech startup PAYDAY, a digital platform connecting insurers, banks, and employers, has secured $3m in its first pre-seed funding round, led by UGFS North Africa and supported by TALYS Group and BioProtection SA.
The new funding will be used to scale the platform across North Africa and to evolve PAYDAY into a regional aggregator for financial wellness and inclusive protection, integrating banks, microfinance institutions, and insurers on a single digital platform, according to Daba Finance.
PAYDAY’s platform offers a unique blend of financial services and insurance, connecting multiple stakeholders to address the financial needs of lower- and middle-income workers.
Paygentic raises $2m
Paygentic, a payments infrastructure provider for AI-native and agent-driven products, has raised $2m in a pre-seed funding round.
The round was led by MiddleGame Ventures, a firm specialising in innovation within the financial services sector. Other backers include Anamcara Capital, Aperture, Alan Morgan — chairman at Adfisco — and Angel Invest.
Founded by Susan O’Neill and Samuel Alarco Cantos, Paygentic is developing an all-in-one billing and payments platform tailored for the growing market of AI-native businesses.
Property Finder backs Stake
Property Finder, the MENA region’s largest property platform, has announced its investment in Stake, a fast-growing PropTech firm transforming access to real estate investment across the Middle East and North Africa, according to a report from Wamda.
The financial terms of the deal were not disclosed.
Stake, a digital real estate investment platform, allows users to invest in fractional property ownership and private real estate funds starting from as little as AED 500. Its platform aims to democratise property investment by making it more transparent, liquid, and accessible to retail investors.
Claritev invests in Klaim
Claritev, a global healthcare analytics and claims analysis firm, has announced a strategic investment in Klaim, an AI-powered healthcare payment acceleration company.
The investment will fund the launch of a co-branded Payment Acceleration Service, integrated within Claritev’s provider network, designed to give healthcare organisations faster and more predictable access to reimbursements across the US and MENA regions.
This collaboration marks a major step in combining Claritev’s extensive payor-provider infrastructure and ACE analytics platform with Klaim’s proven payment acceleration technology to set a new standard in healthcare finance efficiency.
Saudi InsurTech Najeeb.ai closes pre-seed
Saudi-based InsurTech startup Najeeb.ai has secured an undisclosed pre-seed funding round from local and regional angel investors, the company announced.
The funding will support the development of AI-powered products, strengthen integrations with insurance companies and healthcare providers, and prepare the company for local and regional commercial expansion.
Founded in 2023 by Ahmed Yasmina and Hammam Homsi, Najeeb.ai integrates artificial intelligence (AI) with insurance technology to improve efficiency and transparency in the sector, focusing on automotive and health insurance.
FinTech giant Tabby hits $4.5bn valuation
Saudi Arabia-based FinTech company Tabby, a financial services app that empowers consumers to manage spending and payments more effectively, has announced the completion of a secondary share sale involving existing shareholders.
The deal saw HSG, Boyu Capital, and other investors acquire shares from existing holders, resulting in an implied company valuation of $4.5bn. No new shares were issued and the company itself did not receive any proceeds from the transaction.
C1 Fund invests in Kraken
C1 Fund Inc., a public closed-end investment fund has announced its latest investment in Kraken, one of the world’s largest and most established digital asset trading platforms.
The amount invested was not disclosed.
Founded in 2011, Kraken is recognised for its focus on security, transparency, and regulatory compliance, it claimed.
KPMG and Fieldguide partner
KPMG, a leading audit, tax and advisory firm, has announced a minority investment in Fieldguide, a company specialising in agentic AI for professional services.
The collaboration is set to deliver new AI-driven capabilities designed to transform assurance services with greater precision, speed, and actionable insights.
The partnership includes a minority investment from KPMG.
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