A $280m round for US-based Chainguard headlined a strong week for FinTech, with investors pouring more than $1bn across 25 deals worldwide.
The Washington-based software-supply-chain security firm drew the week’s largest cheque, with backing from GV, Spark Capital and Sequoia Capital underscoring investor conviction in CyberTech — the week’s most active subsector.
Close behind was Mexico’s Plata, which banked $250 million in Series B funding to fuel its credit and payments platform, and Nigeria’s Moniepoint, which secured $200 million as Africa’s leading PayTech continued its rapid expansion.
The US also saw major financings for MPOWER Financing ($100.5m) and Anrok ($55m), while Singapore’s Endowus landed $70m to scale its digital wealth management offering across Asia.
Subsector winners
PayTech and CyberTech dominated the week’s activity, together accounting for nearly half of all transactions.
CyberTech was led by Chainguard’s landmark raise and supported by rounds for Keycard, Gravwell and Acoru in Spain, reflecting ongoing investor focus on AI-driven identity and security tools.
PayTech followed closely with six deals worth more than $600m, spanning continents — from Plata in Mexico and Moniepoint in Nigeria to Tensec, Pave, and Kard Financial in the US, and Cybrid in Canada.
Kenya’s Kotani Pay also joined the list with a strategic investment to expand blockchain-based payment rails across Africa.
WealthTech remained steady with four deals, led by Endowus in Singapore and supported by US players Finster AI, Streetbeat, and Piere, while InsurTech recorded four rounds, including MGT, INSTANDA, SehaTech in Egypt, and Previsico in the UK.
Enterprise infrastructure deals also featured prominently, with CoreStack, Veritas Prime, and Avid together raising nearly $90m, and Anrok representing the week’s lone RegTech transaction.
Geographical landscape
The United States dominated, accounting for 15 of the 25 deals across every major subsector and nearly three-quarters of disclosed capital.
The United Kingdom contributed two InsurTech rounds — INSTANDA and Previsico — while Mexico, Nigeria, Singapore, Canada, Spain, Egypt, and Kenya each saw single but strategically significant financings, reinforcing FinTech’s broad global footprint.
Together, the week’s $1bn-plus total reflects ongoing investor appetite for growth-stage FinTechs, with particular conviction in security, payments, and AI-enabled infrastructure.
Here are this week’s FinTech funding rounds:
Chainguard raises $280m to boost secure software growth
Chainguard, a company providing trusted open-source software solutions, has raised $280m in growth financing from General Catalyst’s Customer Value Fund (CVF).
The latest capital injection follows the firm’s Series D fundraise in April and brings its total secured funding to $892m. The company has raised $636m in just the past six months, highlighting accelerating investor confidence in its mission to make open-source software trustworthy by default.
The newly raised funds will be used to expand Chainguard’s go-to-market capabilities and accelerate product and engineering innovation. The company plans to strengthen its financial profile and operational scale while maintaining its focus on long-term value creation. The funding structure from General Catalyst also allows Chainguard to preserve equity while investing in strategic growth initiatives.
Mexican FinTech Plata bags $250m Series B funding
Mexican FinTech Plata, a digital banking platform, has raised $250m in a Series B funding round that doubles its valuation to $3.1bn.
The round was led by Kora Management, Moore Capital Management, and TelevisaUnivision, with additional participation from Audeo Ventures, claims FinTech Finance.
Plata, founded by Alexander Bro, Danil Anisimov, and CEO Neri Tollardo, launched in April 2023 with a mission to expand financial access across Mexico’s underbanked population. The platform initially offered credit cards, buy now, pay later (BNPL) products, and other digital banking services designed to make credit more accessible to consumers traditionally excluded from mainstream banking.
The new funds will be used to accelerate Plata’s transition from a card issuer to a fully fledged digital bank. Following its approval for a full banking licence from the Comisión Nacional Bancaria y de Valores (CNBV) in December 2024, Plata plans to expand its offerings with payroll solutions, SME lending products, and international transfer capabilities. Bloomberg reported that the company also intends to expand its footprint into other Latin American markets, including Colombia.
Moniepoint bags $200m Series C to expand financial inclusion
Moniepoint, Africa’s all-in-one financial platform for businesses and their customers, has raised over $200m in equity financing through a Series C funding round.
The investment round was led by Development Partners International’s African Development (ADP) III fund, with significant participation from LeapFrog Investments.
Other investors included Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, Visa, the International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management.
Moniepoint claims to be one of the few FinTechs globally and the first in Africa to achieve profitability at unicorn scale. It operates as Nigeria’s leading payments and digital banking platform. The company serves over 10 million active business and personal banking customers and processes more than $250bn in digital payments annually.
The fresh capital will fuel Moniepoint’s next phase of expansion, enhancing its ability to help African businesses and individuals reach their financial goals. The firm plans to accelerate its growth across the continent and further into global markets, continuing its mission to drive financial inclusion.
MPOWER Financing completes $100.5m securitisation
MPOWER Financing, a mission-driven FinTech firm and leading provider of international student financing, has completed its first private student loan securitisation worth $100.5m.
The transaction was sold to a private buyer and marks MPOWER’s debut in programmatic private financing.
It follows two earlier public market securitisations and reflects growing investor appetite for international student loan assets. The securitised pool comprises fixed-rate, U.S. dollar-denominated loans issued to international graduate students pursuing degrees—mainly in STEM and business fields—across top U.S. and Canadian universities, as well as refinance loans for international graduates.
Endowus raises $70m to expand Asian WealthTech reach
Endowus, Asia’s leading independent wealth advisory and investment platform, has raised over $70m in new funding to accelerate its growth and reinforce its position in the WealthTech sector across Asia.
The round was led by fintech specialist investor Illuminate Financial, with participation from existing backers including Prosus Ventures, Citi Ventures, and several leading Asian family offices. The latest investment brings Endowus’ total funding to more than $130m since its inception.
The new capital will support Endowus in expanding its retirement and pension solutions in both markets, strengthening its technology through deeper applications of artificial intelligence, and developing new B2B offerings for financial advisers and external asset managers. The company also plans to explore new regional markets as part of its next growth phase.
Tensec secures $60m credit to boost AI cross-border growth
Silicon Valley-based FinTech company Tensec, which develops AI-driven cross-border financial services for trading businesses, has secured a $60m credit facility from Upper90 Capital Management.
The financing round marks a major milestone for Tensec, which will use the facility to increase its annual trade volume tenfold—from $500m to $5bn. The deal with Upper90 supports the firm’s growth strategy amid rapid expansion in the cross-border payments market, which is forecast to climb from $194.6tn in 2024 to $320tn by 2032.
Tensec specialises in building AI-native financial tools for import and export trading companies. Its zero-integration platform allows clients, in partnership with Stearns Bank N.A., to offer foreign exchange (FX), cross-border payments, treasury management and other services seamlessly. The company operates under a “Powered by Tensec” model, in which its AI engine automates all technical, operational and compliance processes.
The $60m facility will help Tensec scale to meet growing client demand, supporting higher transaction volumes and increasing wallet share from existing customers. The firm plans to accelerate onboarding of new clients while enhancing real-time cross-border payment capabilities and expanding its financial toolkit.
AI tax platform Anrok bags $55m in Series C funding
Anrok, a global sales tax compliance platform, has raised $55m in a Series C round led by Spark Capital.
Sapphire Ventures joined the round alongside existing investors Khosla Ventures, Sequoia Capital, and Index Ventures, bringing Anrok’s total funding to over $100m.
The San Francisco-based FinTech helps digital businesses automate VAT, GST, and sales tax compliance using AI and expert oversight. Clients such as Anthropic, Notion, and Cursor rely on Anrok to manage tax obligations across more than 100 countries, saving up to 90% of time spent on compliance each month.
The fresh capital will fuel Anrok’s expansion, enhance its AI-driven automation, and strengthen partnerships supporting global tax compliance innovation.
CoreStack raises $50m to boost AI-driven cloud governance
CoreStack, a leading multi-cloud governance and automation platform, has announced the completion of a $50m growth financing deal.
The deal was made with Post Road Group, an alternative investment advisory firm known for its focus on digital infrastructure, telecommunications, media, and software.
The transaction includes $50m in funded debt aimed at optimising CoreStack’s capital structure, with the potential for further investment from Post Road Group. This financial backing will help the company accelerate product innovation, expand its market presence, and pursue inorganic growth opportunities while maintaining operational control.
The newly secured capital will be used to strengthen CoreStack’s balance sheet and fuel further research and development, hiring, and mergers and acquisitions. The company plans to scale its global go-to-market operations and continue developing intelligent cloud governance solutions designed for enterprises and government agencies.
Pave raises $39m for AI-driven programmable bank
Pave Bank, a firm developing the world’s first “programmable bank” designed for digital assets and the AI era, has secured $39m in funding.
The funding round was led by Accel, with participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund, and GC&H Investments, claims Finextra.
The latest funding will enable Pave to broaden its licensing coverage, enhance its programmable treasury and institutional finance offerings, and strengthen its connections with leading financial and digital asset ecosystems.
Keycard secures $38m to advance AI agent security
Keycard, an identity and access platform designed for AI agents, has emerged from stealth with $38m in combined seed and Series A funding.
The rounds were led by Andreessen Horowitz, boldstart ventures, and Acrew Capital, with participation from several high-profile angel investors including Ian Andrews of Groq, Ryan Carlson of Chainguard, Emilio Escobar of Datadog, Karl McGuinness formerly of Okta, and Matias Woloski, co-founder and former CTO of Auth0.
Keycard’s technology is designed to address a growing challenge in the AI era: controlling the identities and permissions of rapidly proliferating, autonomous AI agents. Traditional identity systems were created for static, human-driven workflows, but Keycard’s solution is built for the dynamic and machine-driven environment of modern AI applications. The platform enables developers to cryptographically verify agents, replace static credentials with identity-bound tokens, and enforce contextual access controls at runtime.
With the new funding, Keycard plans to accelerate development of its identity and access management platform, expand its research and development team, and advance its efforts to contribute to emerging industry standards, including Model Context Protocol (MCP) and OAuth extensions for AI agents.
Carrick Capital backs Veritas Prime with $31.5m funding
Veritas Prime has received a $31.5m from Carrick Capital Partners, a growth-focused firm specialising in software and technology-enabled businesses.
Carrick Capital Partners, which invests in high-growth companies driving digital transformation, led the round as part of its strategy to support software providers with strong operational and market potential.
The new investment will enable Veritas Prime to expand its Business Process as a Service (BPaaS) offerings and bolster its SAP S/4 Finance practice. The firm also intends to use the capital to enhance its technology infrastructure and attract additional talent to support its continued growth.
MGT raises $21.6m to modernise small business insurance
AI-focused commercial insurer MGT, which uses vertical AI to modernise property and casualty (P&C) insurance for small businesses, has raised $21.6m in an oversubscribed Series B round.
The funding was led by Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing backers. The new capital will support the company’s research and development, strengthen its AI capabilities, and expand its Excess & Surplus (E&S) operations nationwide.
MGT was founded to simplify insurance for small businesses and agents through a full-stack AI-driven model that streamlines everything from underwriting to policy delivery. Its technology is designed to make commercial P&C coverage faster, more efficient, and more accessible.
INSTANDA bags $20m from CommerzVentures
No-code InsurTech firm INSTANDA, a London-based technology company that enables insurers to build, configure and distribute insurance products without code, has secured a $20m investment round to accelerate its next phase of growth.
The latest funding was led by CommerzVentures, the Frankfurt-based FinTech and InsurTech specialist venture capital firm, bringing the firm’s total funding to more than $85m to date.
Additional backing came from existing investors Toscafund, Dale Ventures, and company advisor Bronek Masojada.
The newly raised funds will be used to accelerate international expansion, particularly in North America and Europe.
Gravwell raises $15.4m to power data security growth
Gravwell, a full-stack data analytics and security platform, has raised $15.4m in Series A funding led by Two Bear Capital, with backing from Gula Tech Adventures, Next Frontier Capital, and others.
The company helps organisations collect, observe, and analyse “ground truth” data across IT and OT systems to stay secure and operational. The new funding will accelerate product innovation, expand go-to-market efforts, and support the company’s continued international growth.
Gravwell has reported more than 100% year-on-year growth, driven by demand for modern, high-performance alternatives to legacy systems. The platform enables enterprises to centralise logs, enhance threat detection, and even audit AI agent activity to ensure systems behave as intended.
Finster AI raises $15m to transform financial intelligence
Finster AI, an AI-native platform built for investment banks and asset managers, has raised a total of $15m across its Series A and Seed funding rounds.
The Series A was led by FinTech Collective, while the Seed round was led by Peak XV, with continued participation from Hoxton Ventures. The new capital will fuel Finster AI’s expansion in New York, accelerate hiring for its growing team, and drive new data and technology partnerships across the financial ecosystem.
Founded in 2023 by former Google DeepMind researcher Sid Jayakumar, Finster AI is designed to replicate how finance operates in the real world. The platform supports financial professionals by tailoring AI to individual roles, workflows, and information needs. Whether drafting investment memos, performing research, or preparing client materials, Finster’s technology aims to deliver precise, secure, and verifiable outputs — essential in a sector that demands accuracy, confidentiality, and governance.
The company plans to use the new funding to scale its team, enhance its product’s technical capabilities, and deepen collaborations with leading financial institutions. The investment also supports Finster’s mission to provide AI tools that move financial professionals from reactive processes to proactive, insight-driven decision-making.
Kard secures $15m growth capital from Trinity Capital
Trinity Capital, a leading alternative asset manager based in Phoenix, Arizona, has provided $15m in growth capital to Kard Financial, a commerce media network that enables FinTechs and financial institutions to enhance customer loyalty through data-driven, merchant-specific rewards.
The $15m investment from Trinity Capital will support Kard’s continued expansion and innovation. The funding represents a strategic collaboration aimed at helping Kard scale its platform and enter new markets.
Kard operates an API-first rewards infrastructure that allows banks, FinTechs, and loyalty programmes to create deeply tailored and dynamic rewards ecosystems.
Its technology connects issuers, merchants, and consumers to build loyalty while offering merchants scalable ways to drive measurable customer acquisition. Kard’s network processes more than $10bn in transactions each month and reaches tens of millions of consumers across the U.S., leveraging AI-driven insights from first-party transaction data to deliver personalised reward experiences.
Streetbeat raises $15m to scale AI for wealth managers
Streetbeat, an AI-powered financial intelligence platform, has raised $15m in Series A funding to expand the use of its AI-driven trading solutions.
According to Finextra, the investment round was led by CDP Venture Capital through its AI Fund, with participation from TTV Capital, P101, Monte Carlo Capital, 3Lines VC, Azimut, and Evolution VC. This new capital injection brings the company’s total funding to $25m.
The platform has already shown significant results, enabling financial advisors to expand their client base fivefold and increase assets under management (AUM) by as much as 15% per year. Currently, over 4,000 advisors across 15 countries use StreetbeatPRO, including major financial institutions such as FinecoBank, which manages more than $120bn in assets.
Streetbeat said the latest funds will support the growth of its technical teams in the U.S. and Europe, boosting product innovation and accelerating its international expansion. The firm is also planning to introduce its retail AI advisor to the European market by 2026, with several partners already in the integration phase.
WealthTech Saturn raises $15m in its Series A
Saturn, which offers AI tools to transform the financial advice landscape with reduced costs and greater access, has secured $15m in its Series A.
The investment round was led by European VC Singular, with commitments also coming from Shapers, Y Combinator and Zeno Ventures.
With the fresh funds, Saturn plans to bolster its product development initiatives and grow its platform to help advisors serve more clients. The funds will also allow the team to accelerate the development of the next-generation of AI, as well as grow its AI, engineering, research, customer delivery and partnerships teams.
Cybrid raises $10m to power stablecoin payments
Cybrid, a leading provider of compliant stablecoin and fiat payment infrastructure, has raised $10m in a Series A funding round led by the Growth Venture Fund at BDC Capital.
The round also saw participation from Golden Ventures, Luge Capital, and Panache Ventures.
The Toronto-based FinTech offers an API-first platform that combines stablecoin, fiat, and compliance features to help financial institutions, remittance providers, and B2B payment firms adopt stablecoins at scale.
Cybrid’s technology enables clients in the US and Canada to integrate cross-border payment solutions that reach over 150 countries, offering up to 90% lower costs and full transparency.
The new funding will be used to accelerate Cybrid’s mission of making stablecoins the preferred payment method for global financial institutions and cross-border payments.
Acoru secures €10m to combat AI-powered bank fraud
Madrid-based Acoru, a FinTech combating AI-powered fraud and money laundering, has raised €10m in a Series A round led by 33N Ventures, with support from Adara Ventures and Athos Capital.
The funding will help Acoru expand its AI-driven platform, which enables banks to predict and prevent fraud before it occurs.
By continuously monitoring bank accounts and identifying suspicious micro-transactions or patterns, the company helps stop money mules and scams before funds are transferred.
Avid raises $6.5m to transform nonprofit fundraising
Avid, an Austin-based company developing an AI-powered fundraising operating system for nonprofits, has raised $6.5m in seed funding.
The round was led by Silverton Partners, a venture capital firm also based in Austin. The new investment will help Avid further its mission to accelerate fundraising for modern nonprofit organisations by bringing strategy and execution together on one platform.
Avid has built what it calls the world’s first Fundraising Operating System — a unified platform that connects the tools and data used by fundraisers every day. The system streamlines how nonprofits plan, analyse, and act by integrating data, insights, and execution into a single, frictionless experience.
The company said the fresh capital will be used to expand its team and accelerate innovation across its product suite, artificial intelligence development, and go-to-market strategy. This will enable Avid to scale operations and help more organisations “act faster and fundraise smarter.”
AI platform Piere secures $2.1m to power ‘self-driving money’
Piere, an AI-first financial automation platform based in New York, has raised $2.1m in pre-seed funding to accelerate its mission of building “self-driving money” technology that automates financial decision-making.
The investment round was led by Grand Ventures, with participation from Selah Ventures, Trustage Ventures, Samvid Ventures, and Fabric VC.
The round also saw angel backing from Aditya Khurjekar, co-founder of Money20/20, Nick Calamari of Better.com, and Joe Lieberman of K20 Fund.
Piere’s AI-driven platform, MyPlan™, enables users to build and execute personalised financial plans automatically. It tackles one of the most common challenges faced by consumers—deciding what financial actions to take and when. The technology not only creates tailored financial strategies but also executes them, turning uncertainty into measurable financial progress.
The newly secured capital will be used to scale product development, expand Piere’s team across engineering and growth roles, drive user acquisition, and strengthen partnerships with financial institutions.
Egyptian InsurTech SehaTech raises $1.1m seed round
Egyptian InsurTech firm SehaTech, which develops AI-driven solutions to modernise health insurance administration, has secured $1.1m in a seed funding round.
The round was led by Ingressive Capital, with participation from Plus VC, a group of strategic angel investors, and existing backers A15 and Beltone Venture Capital, according to Daily News Egypt.
Founded to transform the management of health insurance processes, SehaTech provides a full-stack proprietary platform that automates workflows for insurers and healthcare providers. The system is designed to cut operational inefficiencies, minimise friction between stakeholders, and tackle issues such as fraud and abuse within the insurance ecosystem.
With this new funding, SehaTech said it plans to scale its team, extend operations across Egypt and the wider region, and further develop its AI and automation capabilities. The company also aims to address the challenge of low health insurance penetration across the region, with a vision to build a more inclusive, accessible, and financially sustainable healthcare system.
Tether invests in Kotani Pay for cross-border growth
Tether, the global leader in the digital asset industry, has announced a strategic investment in Kotani Pay, an African FinTech platform that connects Web3 users to local payment systems.
The investment, whose amount was not disclosed, aims to strengthen Kotani Pay’s capabilities in linking blockchain technology with local financial ecosystems.
It also supports Tether’s broader mission to expand the practical use of blockchain for payments and digital asset management, empowering people and businesses across Africa to access global liquidity and participate in the digital economy.
The new funding will allow Kotani Pay to scale its infrastructure and reach more users across the continent. It plans to expand its blockchain-powered tools to make digital assets more accessible and practical for small and medium-sized enterprises (SMEs) and corporates managing cross-border operations.
Previsico raises Series A to expand flood forecasting reach
Previsico, a live flood alert InsurTech based in the UK, has announced the successful close of its Series A funding round, marking a significant step in its global growth ambitions.
The round saw participation from Connecticut Innovations (CI), the strategic venture capital arm of the State of Connecticut; BlueOrchard Finance Limited, an impact investment manager under the Schroders Group; and renewed support from Burnt Island Ventures and Foresight Capital, both early backers of the firm.
The company said the fresh capital will accelerate its strategic development, driving innovation in its forecasting platform, supporting further expansion across the UK and US, and enabling entry into emerging markets where climate risk adaptation technologies are increasingly in demand.
Source: https://fintech.global/
