A combined total of $740m was raised across 20 FinTech deals this week, a significant drop from the $2.82bn recorded last week from 23 deals. 

This decline was driven by a lack of major funding rounds, with only two deals securing over $100m this week. However, there were only four deals to raise less than $10m, with a majority of companies raising between $10m and $50m.

The largest deal to close this wee was secured by Germany-based Scalable Capital. The digital investment platform rasied €155m from a group of investors that included Sofina, Noteus Partners, Balderton Capital, Tencent and HV Capital. The deal, which is the FinTech’s largest to date, brings its total equity raised to €470m.

Singapore-based bolttech was the only other FinTech company to raise more than $100m this week, pulling int $147m for its Series C round. With the close of the round, bolttech has been valued at $2.1bn.

It proved to be a diverse week for FinTech deals, with 11 different countries recording deals. The US housed the most deals, accounting for six. These were Paytient, Trustifi, OatFi, Impart Security and Comply. Puerto Rico also recorded a deal, with credit and financial tools provider Kiwi closing a $7.8m round.

Other countries to record multiple deals were Germany (Scalable Capital, Baobab and Banxware), Canada (FISPAN and CyberQP) and the UK (ThreatSpike and Melius CyberSafe).

Finally, the other countries represented this week were Singapore (bolttech), Colombia (Simetrik), Israel (Zero Networks), Ireland (Nomupay), Finland (Aibidia), Mexico (Crabi) and Spain (Dedge Security).

In terms of sectors, CyberTech dominated deal activity. Cybersecurity solution providers accounted for seven of this week’s 20 deals (Zero Networks, Trustifi, ThreatSpike, Impart Security, Melius CyberSafe, Dedge Security and CyberQP).

There were three PayTechs (Simetrik, Paytient and Nomupay), InsurTechs (bolttech, Crabi and Baobab) and marketplace lending (OatFi, Banxware and Kiwi). There were two Infrastructure & enterprise software deals (FISPAN and Aibidia).

Finally, there was one WealthTech (Scalable Capital) and one RegTech deal (Comply).

Research from FinTech Global this week found that European WealthTech funding increased by 5% QoQ as deals over $100m returned in Q1. Despite the growth QoQ, it was a significant decline YoY. The first quarter of 2025 closed with just 24 deals, marking a significant 85% drop from the 163 deals seen in Q1 2024, and a 14% decline from the 28 deals recorded in Q4 2024. Total funding in Q1 2025 stood at $418m, representing an 82% YoY drop from the $2.3bn raised in Q1 2024, and a modest 5% increase over the $400m raised in Q4 2024.

Here are the 20 FinTech funding rounds that were covered on FinTech Global this week.

Scalable Capital lands €155m in funding

Scalable Capital, a Germany-based digital investment platform, has secured €155m in a new funding round as it seeks to bolster its position as a leading retail investment provider across Europe.

The round, the company’s largest to date, was led by global investment firm Sofina and growth equity specialist Noteus Partners. Existing backers including Balderton Capital, Tencent and HV Capital also participated, reaffirming their ongoing support. With this latest injection, Scalable Capital has now raised over €470m in total, equivalent to more than $535m.

Founded in 2014, Scalable Capital offers retail investors a comprehensive platform that enables them to invest in a wide range of assets, including ETFs, stocks, bonds, digital assets, derivatives, and private equity. Its flagship products include the Scalable Broker, which offers affordable, professional-grade trading services, and Scalable Wealth, its digital wealth management solution. The platform now serves over one million clients and manages more than €30bn in assets.

bolttech secures $147m Series C and hits $2.1bn valuation

Global InsurTech bolttech has successfully closed its Series C funding round, raising $147m and securing a post-money valuation of $2.1bn.

The latest round welcomed strategic investments from Sumitomo Corporation and Iberis Capital, further solidifying bolttech’s position as a rising force in the embedded insurance sector.

Sumitomo Corporation, one of Japan’s leading trading houses, not only joined as a strategic investor but also entered a joint venture with bolttech. The collaboration aims to launch embedded insurance programmes and a suite of end-to-end services across the Asian market, strengthening bolttech’s foothold in the region.

Portugal-based Iberis Capital, a prominent private equity and venture capital manager, also participated in the round. They join a roster of investors that includes Dragon Fund, Baillie Gifford, and Lion River (Generali), among others. The new capital injection is expected to accelerate bolttech’s mission to offer more personalised, accessible, and affordable insurance solutions on a global scale.

Simetrik bags $85m to automate financial reconciliation with AI

Simetrik, a FinTech company specialising in AI-driven financial reconciliation, has secured a total of $85m in Series B funding to support its global expansion.

The latest injection of $30m was led by Goldman Sachs Alternatives’ Growth Equity arm, which also led Simetrik’s initial Series B round in 2024. This brings the total Series B round to $85m, further boosting Simetrik’s push into the US and other highly regulated, high-volume markets.

Founded to tackle inefficiencies in financial reconciliation, Simetrik provides a platform that automates transaction matching, reduces operational risk, and ensures compliance at scale. Its software helps businesses replace error-prone, manual processes with automated systems, offering complete visibility into financial operations.

The new capital will be used to accelerate Simetrik’s presence in the US and similar markets, with a strong focus on shortening time-to-value for clients and enhancing operational agility.

Simetrik’s platform currently handles over one billion records daily across more than 40 countries. It enables clients to reconcile multi-way transaction data and align it with journal entries and balances, empowering financial teams with real-time oversight and reduced error rates.

Cybersecurity firm Zero Networks secures $55m Series C

Zero Networks, a cybersecurity firm specialising in automated microsegmentation and zero trust solutions, has raised $55m in a Series C funding round.

The round was led by Highland Europe and also saw participation from existing investors F2 Venture Capital, PICO Venture Partners, Venrock and USVP, bringing the company’s total funding to over $100m. Highland Europe principal Jacob Bernstein will join the board.

The company’s platform is designed to stop lateral movement in cyberattacks by providing automated, agentless microsegmentation. Long considered complex to implement, microsegmentation has traditionally been underused despite its effectiveness. Zero Networks claims its technology simplifies the process, making segmentation scalable and cost-effective.

The funding will be used to expand the company’s global presence across North America, EMEA and APAC, as well as to grow its teams in sales, marketing, R&D and customer support. It also supports continued innovation across Zero Networks’ platform, which includes Zero Trust Network Access and Identity Least Privilege solutions.

The firm has more than tripled its customer base and seen 300% revenue growth since its Series B, fuelled by rising enterprise demand for proactive ransomware protection.

Healthcare FinTech Paytient secures $40m from Trinity Capital

Paytient, a healthcare payments company based in the United States, has secured $40m in growth capital from Trinity Capital, an alternative asset manager focused on private credit investments.

Paytient partners with employers and insurers to make healthcare more affordable for patients. By integrating into health plans, its platform enables users to pay for out-of-pocket medical, dental, vision, pharmacy, and even veterinary costs over time—without interest or fees. This approach allows members to opt for lower-premium plans while ensuring more predictable and manageable healthcare expenses.

The new funding will support Paytient’s continued expansion into large group employer-sponsored health plans, alternative plans, Medicare, and the Affordable Care Act (ACA) marketplace.

Paytient currently serves over 23 million members and collaborates with nearly 7,000 employers, insurers, and healthcare providers. Its cost-smoothing benefits are already embedded in the health plans of major payers across the country.

Nomupay raises $40m to expand Asia payments with SBPS partnership

Nomupay has secured $40m in funding alongside entering a strategic partnership with Japan-based SB Payment Service Corp (SBPS).

According to Tech EU, the latest funding round, which values Nomupay at $290m, includes an investment from SBPS. The capital injection marks a milestone in the company’s efforts to accelerate cross-border payment capabilities between Asia and the rest of the world.

Founded in 2021, Nomupay offers a seamless, all-in-one payments platform serving over 1,500 merchants globally. With a team of more than 230 employees, the company facilitates pay-ins, payouts and acquiring via a gateway-agnostic solution integrated through a single API and managed within a single back office environment.

The new funding will enable Nomupay to expand its infrastructure further across Japan and Asia, simplify inter-regional transactions, and add more local payment methods and country-specific services. This will enhance accessibility for European, SEA, Middle Eastern and global merchants seeking to do business in Asia.

SBPS aims to use the partnership to grow its international footprint while enhancing its payment offering through improved scalability and broader payment options. Nomupay’s unified solution aims to address the fragmented regulatory and payment preferences across Asian markets, reducing the operational burden for businesses entering the region.

Embedded banking firm FISPAN secures $30m Series B

FISPAN, a FinTech company specialising in embedded ERP banking solutions, has announced the close of its $30m Series B funding round.

The round was led by Canapi Ventures, a prominent investor in FinTech and enterprise software, known for its network of over 75 financial institutions.

FISPAN offers technology that connects banks directly to mid-market companies by embedding financial services into enterprise resource planning (ERP) and accounting systems. This approach enables banks to deliver treasury products and services through a plug-in integrated within clients’ existing financial workflows.

The company plans to use the capital to scale its product development, extend its integration with platforms like Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365 Business Central, and deepen its use of AI. It also aims to expand market reach and enhance its talent pool to further improve customer experience and platform capabilities.

FISPAN is currently used by nearly 5,000 businesses and several major banks across North America. Its technology offers features such as centralised financial workflows, payment automation, and reduced manual errors—enabling banks to provide modern, contextual banking services directly within their customers’ operational systems.

AI tax FinTech Aibidia secures $28m Series B for US growth

AI-powered financial technology firm, Aibidia, based in Finland, provides transfer pricing and cross-border tax compliance solutions for multinational corporations through its data-driven, AI-enabled platform.

The company has secured $28m in a Series B funding round led by Activant, with additional backing from existing investors DN Capital, FPV, and Icebreaker.vc. The latest capital injection is aimed at scaling Aibidia’s presence in the US market, where it has already seen significant momentum.

Founded in 2018, Aibidia addresses one of the most complex and heavily scrutinised areas of corporate finance—transfer pricing. With regulatory regimes tightening through initiatives like BEPS 2.0 and the EU’s BEFIT framework, managing cross-border tax compliance has become a major operational challenge for multinational enterprises. Aibidia’s platform helps automate transfer pricing processes, mitigating compliance risk while enhancing efficiency.

The new funding will be used to accelerate Aibidia’s expansion into the US, building on its existing client base that includes S&P 500 firms such as EPAM Systems, Aptiv, and Omnicom. The company recently opened a new office in Manhattan to support its growing American footprint.

To date, Aibidia’s platform has been adopted by over 100 multinational firms, including Unilever, Dyson, Nokia and Delivery Hero. These clients collectively manage more than 7,000 business entities through Aibidia’s solution. With US clients already contributing over 15% of its revenue, the company is well positioned to deepen its reach across global markets.

AI email security platform Trustifi lands $25m funding round

Trustifi, a cybersecurity software firm specialising in AI-powered email protection, has secured $25m in a Series A funding round.

The investment was led by New York-based Camber Partners, a growth equity firm that backs innovative B2B SaaS companies during their scaling phase. The fresh capital injection highlights strong market interest in Trustifi’s platform, which addresses a critical area of cyber defence.

The company provides an all-in-one solution for email security, data loss prevention, and security awareness training. Its cloud-native platform is designed to integrate seamlessly with popular email systems such as Microsoft 365 and Google Workspace, enabling businesses to protect sensitive data, comply with regulations, and defend against breaches.

With the new funding, Trustifi plans to accelerate product development, expand its go-to-market strategy, and invest in marketing efforts to grow its presence globally. The company is targeting further growth in its core markets, driven by rising demand for intelligent security solutions amid increasing AI-driven threats.

Camber Partners noted that Trustifi stands out for its channel-first model, intuitive user experience, and focus on modernising email protection through artificial intelligence. The firm described Trustifi as well-positioned in a competitive cybersecurity market and expressed confidence in the company’s potential to become the leading email security platform for managed service providers (MSPs).

OatFi raises $24m to transform financing in B2B payments ecosystem

OatFi, a FinTech company building embedded credit infrastructure for B2B payments, has raised $24m in a Series A funding round.

The investment was led by White Star Capital, with continued participation from existing backers Portage and QED.

OatFi provides API-first infrastructure designed to embed underwriting, origination, and funding capabilities directly into B2B payment workflows. Its technology integrates within Accounts Payable (AP), Accounts Receivable (AR), and commercial charge card systems, enabling payment platforms to offer built-in financing at the point of transaction.

With the new capital, OatFi plans to ramp up product development and expand its integrations across AP, AR, and payment infrastructure providers. The company aims to build a modern credit network capable of supporting the $35tn annual B2B payments market in the US.

By embedding a real-time credit layer through its API, OatFi allows both buyers and suppliers to transact without compromising working capital. This integration helps businesses align cash flow needs without relying on outdated systems or requiring suppliers to act as lenders.

End-to-end cybersecurity firm ThreatSpike secures $14m

ThreatSpike, a cybersecurity company specialising in unified security platforms, has raised $14m in Series A funding to support its global growth and accelerate innovation.

The round was led by Expedition Growth Capital. As part of the deal, Will Sheldon, partner at Expedition, and Emily Orton, co-founder of Darktrace, have joined the company’s board of directors.

Founded in 2011 by Adam and Kate Blake, ThreatSpike provides end-to-end cybersecurity solutions designed to eliminate the complexity and costs associated with fragmented legacy tools. The platform combines managed detection and response services, as well as continuous penetration testing, to offer businesses complete visibility and protection.

The fresh capital will be used to support ThreatSpike’s continued international expansion, with investments planned in engineering, security operations and go-to-market teams. The company also intends to enhance its two flagship offerings, ThreatSpike Blue and ThreatSpike Red, which offer 24/7 detection and response and unlimited penetration testing respectively.

Prior to this funding round, ThreatSpike had been entirely bootstrapped. The company has grown rapidly through customer-driven demand, now serving over 200 clients across 90 countries. Its client base spans sectors including hospitality, industrials, investment management and professional services.

Mexican InsurTech Crabi raises $13.6m to scale AI insurance

Crabi, a digital auto insurance company based in Mexico, has raised $13.6m to expand access to its AI-driven platform.

The funding round was led by Kaszek and IGNIA, with participation from 30N Ventures, Redwood Ventures, Carao Ventures, Azuro Capital, Newtopia VC, and others.

Crabi offers a fully digital, mobile-first auto insurance service aimed at simplifying access to coverage in Mexico, where over 70% of vehicles remain uninsured. The company is the first tech-native auto insurer in the country to receive regulatory approval in more than 25 years.

Its platform issues policies instantly, supports automated claims, and uses AI to provide accurate, transparent pricing. Crabi integrates directly with brokers, dealerships, and lenders to streamline the insurance experience and improve underwriting accuracy.

The company has grown rapidly in recent years, more than doubling annually, and improving both its loss ratio and operational efficiency. With this new capital, Crabi plans to expand its distribution network and deepen its AI capabilities.

Cyber InsurTech Baobab secures €12m ($13.6m) to expand in Europe

Cyber insurance startup Baobab, a Germany-based InsurTech firm specialising in AI-driven cyber protection, has raised €12m in a Series A funding round aimed at expanding its operations across Europe.

The round was co-led by Viola FinTech and eCapital, with further participation from Augmentum Fintech, Project A Ventures, and Christof Mascher, a former executive at Allianz, according to InsurTech Insights.

This latest raise brings Baobab’s total funding to €20m since its inception in 2021.

Baobab, which currently operates in Germany and Austria, offers cyber insurance through a fully integrated digital platform. The firm partners with Zurich Insurance to provide cyber coverage, combining AI-based underwriting with proactive risk management tools designed to shield businesses from phishing attacks, CEO fraud, and ransomware incidents.

The newly acquired capital will be used to support Baobab’s growth into additional European markets and to enhance its technology suite for SMEs. The firm plans to strengthen its AI-powered underwriting system and expand its partnerships with insurance brokers, enabling better protection against evolving cyber threats.

Baobab’s approach has attracted attention from investors due to the growing urgency of cyber resilience in Europe, especially against a backdrop of increasing geopolitical tension. The company’s solution blends advanced AI with insurance expertise, offering brokers a unique and powerful set of tools to manage risk effectively.

AI security firm Impart Security lands $12m Series A

Impart Security, a cybersecurity company pioneering AI-powered autonomous application protection, has raised $12m in a Series A funding round.

The investment was led by Madrona Ventures, with participation from CRV and 8-Bit Capital. As part of the deal, Madrona managing director Karan Mehandru has joined Impart’s board.

The company has developed a platform designed to revolutionise application detection and response by automating security engineering in production environments. By leveraging advanced AI and WebAssembly (WASM) technology, the system enables enterprises to defend applications in real time without human intervention.

Impart plans to use the funding to drive expansion into critical enterprise sectors including financial services, healthcare, and infrastructure. The company also aims to deepen its go-to-market strategy through strategic partnerships with cloud providers and channel partners, further embedding its security platform into enterprise deployment pipelines.

The platform is already being used by major global enterprises, including a leading financial institution and a major entertainment company. Impart’s technology stands out by enabling security teams to deploy AI agents that act autonomously in production settings, allowing for faster and more secure responses to evolving cyber threats.

These AI agents include specialised roles such as traffic inspectors, detection engineers, and rule engineers. Together, they work as a digital team, identifying anomalies, generating tailored security rules, and enforcing them across environments—all with minimal disruption to operations. During a recent attack affecting multiple clients, Impart’s system detected the threat, created a custom rule set, and deployed protections in minutes—something that typically takes human teams days.

Risk and compliance software company Compyl lands $12m to scale AI-led GRC platform

US-based GRC platform Compyl has raised $12m in a Series A funding round led by Venture Guides, with participation from existing investors including Contour Venture Partners, Armory Square Ventures, nvp capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, and Zelkova Ventures.

Founded in 2020, Compyl offers an AI-guided governance, risk and compliance solution that unifies enterprise data, automates risk management, and ensures continuous compliance. Its platform provides real-time insights and configurable workflows without the need for custom development.

The new funding will support Compyl’s go-to-market expansion, further development of its AI capabilities, and key hires across departments. The firm has doubled its customer base annually and achieved triple-digit ARR growth over the past two years.

Embedded lending platform Banxware raises €10m ($11.4m) from UniCredit

Berlin-based Banxware, an embedded lending and lending-as-a-service platform tailored to small and medium-sized enterprises (SMEs), has secured €10m in strategic funding from UniCredit.

The investment comes alongside Banxware’s new partnership with UniCredit’s recently acquired BaaS platform, Aion and Vodeno. This collaboration supports Banxware’s transition from a traditional structured finance model to a forward flow lending approach, aimed at achieving capital efficiency and international scalability.

Banxware provides a platform that bridges the gap between digital ecosystems and a curated network of banks, non-bank lenders, and specialised finance providers. The company enables these institutions to connect with pre-qualified borrowers directly through embedded solutions on digital platforms. Banxware is currently integrated with over 40 platforms. It recently launched a joint lending product with Hypovereinsbank, offering financing from €1,000 to €5m through a unified application and interface.

The fresh funding will support Banxware’s evolution into a capital-light infrastructure player. It plans to use the investment to enhance user experience, develop AI-based underwriting models, and accelerate expansion across Europe. The new forward flow model allows Banxware’s bank partner to fund 100% of the originated loans, freeing Banxware’s equity for growth and product innovation.

Kiwi secures $7.8m to grow AI-powered credit platform for Latinos

Dedge Security lands €4m($4.5m) to build next-gen ASPM for blockchain infrastructure

Melius CyberSafe secures £250k ($338k) to grow threat detection tech

Melius CyberSafe, a Newcastle-based cybersecurity company, has raised £250,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia.

The funding will support the growth of Melius CyberSafe’s automated threat detection platform, which is designed to make enterprise-grade cybersecurity accessible to SMEs. The platform, first developed in 2022 with earlier support from Mercia and the NEVF, monitors IT networks, websites and mobile apps, and automates penetration testing to identify vulnerabilities. It also assists businesses in achieving cybersecurity accreditations such as Cyber Essentials and CE+.

This investment follows the launch of a new, more advanced version of the platform earlier this year. The company aims to increase market share and has already attracted clients including Virgin Wines, Crafter’s Companion and Jules B. It has also established key distribution partnerships.

Melius CyberSafe has nearly doubled its annual recurring revenue to over £500,000 and is targeting £1m within the next year. The latest round brings total funding to £1.6m, as demand for cybersecurity solutions grows amid rising threats.

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