Blockchain firm Digital Asset secured $135m in strategic funding this week, in what was the biggest funding round recorded by FinTech Global.
There were 16 deals in total recorded across the entire week, with Digital Asset – a blockchain technology firm – and Finom, a FinTech located in Amsrerdam, leading the way, raising $135m and €115m respectively.
US firms were hugely dominant this week, securing 10 of the 16 total deals, whilst Canada secured two and Italy, Netherlands and the UK secured one.
Sector-wise, the leading industry this week was WealthTech, with six deals, InsurTech came second on four and financial infrastructure firms recorded two deals. Meanwhile, PayTech, PropTech and blockchain firms secured one deal each.
In surprising news, research from FinTech Global this week found that global FinTech funding is projected to drop by 4% for 2025 due to investors’ reduced risk appetite.
In Q1 2025, the Global FinTech market saw a steep decline in both deal activity and overall funding compared to the same period in 2024.
A total of 845 deals were recorded, down 54% from the 1,838 deals completed in Q1 2024.
Here are this week’s deals.
Digital Asset raises $135m
Digital Asset, a blockchain technology company pioneering privacy-enabled financial infrastructure, has secured $135m in a strategic funding round aimed at accelerating the adoption of its Canton Network.
The round was led by DRW Venture Capital and Tradeweb Markets, with participation from a wide range of traditional and digital asset-native institutions including BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Goldman Sachs, IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE, and Virtu Financial.
Founded in 2014, Digital Asset develops blockchain solutions that bring institutional-grade privacy and compliance to digital and traditional markets. The company is best known for building the Canton Network, a public, permissionless Layer-1 blockchain that supports real-world assets with configurable privacy and interoperability features.
Finom secures €115m
Amsterdam-based Finom, a FinTech focused on simplifying financial management for SMBs across Europe, has raised €115m in Series C funding.
The round was led by AVP and Headline Growth, with continued backing from General Catalyst, Northzone, and Cogito Capital. This brings Finom’s total funding to more than €300m, including a recent €92.7m growth investment from General Catalyst’s Customer Value Fund.
Founded in 2020, Finom provides a unified financial platform tailored to the needs of European entrepreneurs. It offers business banking services, AI-powered tools, and lending solutions, all accessible under its Electronic Money Institution (EMI) licence.
Digital trading firm Flowdesk lands $100m
Flowdesk, a digital asset trading and technology firm specialising in global liquidity provision, has secured a $100m credit facility from secured lending provider Two Prime Lending Limited.
Established in 2020, Flowdesk offers over-the-counter (OTC) trading and algorithmic liquidity solutions for digital assets. The company operates globally, with a presence in France, Singapore, and the United States, and aims to bring greater transparency and control to digital asset markets through its proprietary technology platform.
The fresh capital will be used to support the firm’s continued global expansion and strengthen its capital-efficient trading infrastructure.
WealthTech firm Conquest Planning raises $80m
Conquest Planning, a Canadian WealthTech company specialising in AI-powered financial planning software, has secured $80m in a Series B funding round.
The investment was led by Goldman Sachs Alternatives, with additional backing from Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, BNY, Portage, and USAA, according to InsurTech Insights.
Conquest Planning develops advanced digital planning tools for financial advisors and institutions. Its flagship solution, the Strategic Advice Manager (SAM), leverages artificial intelligence to help advisors simulate financial decisions and deliver personalised recommendations in real time.
E&S InsurTech Ledgebrook raises $65m in Series C
Ledgebrook, a US-based InsurTech firm specialising in excess and surplus (E&S) lines of insurance, has raised $65m in a Series C funding round.
The investment was led by The Stephens Group, with support from Duquesne, Brand Foundry, Floating Point, Hummingbird Nomads and American Family Ventures. The latest round brings the company’s total funding to more than $110m, according to InsurTech Insights.
The new funding will be used to fuel Ledgebrook’s continued expansion. Plans include hiring new talent, broadening its product portfolio, enhancing service for wholesale partners, and increasing its participation in risk retention with carrier collaborators.
Clearspeed raises $60m
Clearspeed, a voice-based risk assessment technology firm, has secured $60m in its Series D funding round as it looks to expand its operations globally and deepen its technology capabilities.
The round was led by Align Private Capital, with participation from IronGate Capital Advisors, Bravo Victor Venture Capital, and KBW Ventures. General David H. Petraeus (US Army, Ret.) also joined as a multi-round investor in this round, which brings Clearspeed’s total funding to $110m.
Clearspeed uses its AI-enabled voice analytics technology to support organisations in early risk assessment across insurance, government, defence, and banking sectors. Its technology enables faster and more accurate decisions by providing instant risk insights without creating friction for end users.
Waltz secures $50m to boost US real estate access
Waltz, a real estate FinTech platform, is transforming how foreign nationals invest in U.S. property by streamlining the financing process through a fully digital experience.
The company has raised a total of $50m in equity and debt funding to support its global expansion. This includes a newly secured $25m line of credit, aimed at significantly increasing its loan origination capacity.
Launched in July 2024, Waltz has processed over $300m in loan applications from investors across four continents. The company enables non-U.S. citizens to navigate the complex process of U.S. property investment—offering tools for securing mortgages, forming LLCs, and managing the entire transaction digitally.
Spinwheel raises $30m
Spinwheel, a FinTech company focused on consumer credit infrastructure, has secured $30m in a Series A funding round to drive the transformation of credit data access and payments in the U.S.
The round was led by F-Prime, with participation from QED Investors, Foundation Capital, and Fika Ventures.
Spinwheel provides a real-time data and payments platform that enables seamless access to consumer credit and liability information. The platform currently serves over 15 million users and connects more than 165 million accounts, helping to manage a staggering $1.5trn in consumer debt across its network.
InsurTech ZestyAI secures $15m
ZestyAI, a US-based InsurTech firm focused on AI-driven risk analytics for property and casualty insurers, has secured a $15m credit facility from CIBC Innovation Banking.
The funding will support ZestyAI’s expansion and strengthen its balance sheet as the company scales its property and climate risk models. In 2024, it delivered more than 31 million property assessments and is projected to surpass 50 million in 2025.
FinTech firm Sibill raises €12m
Italian FinTech company Sibill, which provides a financial management platform for small and medium-sized businesses (SMEs), has secured €12m in Series A funding.
The round was led by European venture capital firm Creandum, with participation from Keen Venture Partners. This new investment adds to the €6.7m Sibill had already raised in earlier rounds.
Sibill offers a platform designed to simplify administrative, financial, and accounting operations for SMEs. The company aims to become a go-to solution for both businesses and their trusted advisors—accountants—by automating key financial workflows.
AI WealthTech Quinn secures $11m
Quinn, an AI-powered financial planning and advisory platform, has officially emerged from stealth mode with the aim of democratising access to personalised wealth management.
The company has raised $11m in a seed funding round led by Viola Fintech, with participation from existing investors. The investment is set to fuel Quinn’s mission to transform the way financial advice is delivered by institutions.
Claira raises $7m
Claira, an AI-powered deal intelligence platform focused on enhancing investment analysis for financial institutions, has raised $7m in a seed funding round.
The round was co-led by Barclays, Citi, and Reimagine Tech Ventures, with additional backing from Activant Capital, KDX, and OPCO Ventures.
Based in the FinTech sector, Claira aims to streamline and modernise how private credit funds and institutions manage and assess investment opportunities. By embedding domain-native AI directly into deal workflows, the platform helps users accelerate due diligence, surface deeper insights, and better leverage historical deal data for future investment decisions.
Meridian raises $7m
Meridian, an AI-driven deal management platform for private market investors, has raised $7m in a Series Seed funding round.
The round was led by 645 Ventures, with participation from existing backer Chaac Ventures and a group of influential angel investors. These include professionals from private equity, credit, and M&A law who have supported Meridian as early adopters of the platform.
Founded by Alexander Sen, a former investor at Blackstone, Thoma Bravo, and CVC, Meridian is positioning itself as the AI operating system for private equity and related markets.
Digital investing platform Jarsy secures $5m
Jarsy, a U.S.-based digital investment platform aimed at widening access to private equity markets, has officially launched after emerging from stealth with $5m in pre-seed funding.
The funding round was led by Breyer Capital, with participation from Karman Ventures and several prominent angel investors. These include Evan Cheng, CEO of Mysten Labs; Nathan McCauley, CEO of Anchorage; Richard Liu, CEO of Huma Finance; and executives from companies including Niantic, EigenLayer, Moonpay, Babylon Labs, Zettablock, and Confluent.
The company is focused on breaking the exclusivity of venture capital and private equity investing by allowing individuals to invest in tokenised equity of high-growth private firms—such as Stripe, Anthropic, and Perplexity AI—with as little as $10.
InsurTech COVR Global raises $2.5m
COVR Global, a London-based InsurTech startup focused on revolutionising insurance claims processing, has secured $2.5m in seed funding to accelerate the development of its AI-powered decision engine.
The round was led by venture firm MTech Capital, with additional backing from B Capital. The funds are expected to support the next phase of product innovation and international growth, according to InsurTech Insights.
Launched in 2024, COVR Global is developing technology that uses artificial intelligence, machine learning and embedded decision logic to streamline the insurance claims lifecycle.
WealthTech firm FNZ lands investment
Raymond James, Canada’s largest independent financial services firm, has announced a strategic investment in FNZ, a global provider of wealth management platforms.
The move is aimed at accelerating its digital transformation and delivering a next-generation solution for its advisors and clients across the country.
While the exact amount was not disclosed, Raymond James confirmed it has made a significant investment into FNZ as part of the agreement. The partnership is focused on building a modern digital infrastructure for wealth management, using FNZ’s market-leading capabilities. FNZ currently supports more than 650 financial institutions and manages over US$1.7trn in assets on behalf of 26 million end-investors globally.
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