FinTech funding hits $800bn as US firms dominate market

Posted on by Majid Sadeghi Alavigeh

US firms secured almost half of all FinTech deals this week, as global funding reached a solid $800m across 21 transactions.

American companies accounted for eight of the 21 deals, just under 40% of total activity, but captured a disproportionate share of capital, pulling in just over half of all funding raised during the week.

The imbalance highlights the continued concentration of larger cheque sizes in the US market, even as deal activity remains globally distributed.

This trend is in line with recent findings from FinTech Global, which show US firms accounted for roughly 50% of global FinTech deals in Q1 2026, reinforcing the country’s position as the dominant force in the sector.

The largest round of the week came from US-based Rogo, which secured $160m to scale its generative AI platform for financial institutions.

However, significant capital was not limited to the US. The UAE’s Comfi raised $65m to expand its B2B buy now, pay later offering for SMEs, while US-based Kashable completed a $60m raise to grow its workplace lending platform, rounding out the top three deals of the week.

Beyond the headline rounds, funding activity stretched across a wide range of international markets. Europe recorded steady deal flow, with the UK, Germany, France, Italy and Denmark each contributing transactions across areas including infrastructure, compliance and wealth technology. Switzerland also featured, with Bug Bounty Switzerland raising fresh capital to expand its cybersecurity platform.

India continued to build momentum across the space, with multiple deals reinforcing its position as one of the fastest-growing FinTech markets globally.

The country has increasingly challenged the UK’s long-held role as the second most active hub, supported by strong domestic demand and rising investor interest.

Recent data from FinTech Global shows Indian FinTech funding rose 59% year-on-year in Q1 2026, underlining the strength of this trajectory.

Subsector activity was broad, though several themes stood out. Lending and credit platforms accounted for a significant share of deals, including SME finance, workplace lending and consumer credit models.

Payments infrastructure also remained a key area of innovation, particularly across stablecoin and merchant platforms such as Squads, UnblockPay and Pmtbox.

Meanwhile, enterprise-focused financial infrastructure continued to attract investment, spanning capital markets technology, wealth management systems and backend operating platforms. RegTech featured more selectively, with funding directed towards compliance automation and tax infrastructure, rather than leading overall activity.

Here is this week’s FinTech funding roundup:

Rogo raises $160m Series D to scale finance AI platform

Rogo, the generative AI platform purpose-built for financial services, has closed a $160m Series D funding round, bringing its total capital raised to over $300m.

The round was led by Kleiner Perkins, with contributions from Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic and Positive Sum.

The fresh capital will be directed towards accelerating Rogo’s international growth, deepening ties with major financial institutions, and expanding its AI agent, Felix.

Launched recently, Felix is capable of handling complex, multi-step financial tasks without human intervention, spanning deal screening, CIM generation, buyer outreach and data room diligence.

More than 35,000 financial professionals across upwards of 250 institutions currently use Rogo’s platform as part of their day-to-day operations. Clients include Rothschild & Co, Jefferies, Lazard, Moelis and Nomura, with use cases spanning origination, execution, advisory and portfolio intelligence.

B2B FinTech Comfi secures $65m Pre-Series A round

Comfi, a UAE-headquartered B2B embedded finance platform focused on unlocking working capital for small and medium-sized enterprises (SMEs), has secured $65m in a Pre-Series A funding round comprising both equity and debt components.

The equity portion of the raise was led by Iliad Partners, with Yango Ventures and Raw Ventures also participating, both making their inaugural investments in the region.

The round was further bolstered by a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq, alongside participation from an undisclosed family office.

The capital will be directed towards strengthening Comfi’s underwriting and risk capabilities, broadening its product suite, and driving expansion into key markets across the MENA region.

Founded in 2023 by Sanjar Samiev, Alisher Akbarov, Amal Abdullaev, and Denis Gavrilin, Comfi was built by a team with backgrounds spanning FinTech product growth, operational scaling, and engineering.

The platform addresses a structural challenge facing SMEs across the region: lengthy B2B payment cycles that can stretch for months, starving businesses of the working capital they need to operate and grow. Comfi’s core product is a B2B Buy Now Pay Later solution that enables SME suppliers to extend payment terms of up to 90 days to their customers, while receiving payment within 24 hours. To date, the platform has processed more than 15,000 invoices, supports over 4,000 finance leaders, and counts more than 1,000 clients among its customer base.

Kashable secures $60m to expand workplace credit

Kashable, a mission-driven FinTech platform offering employer-sponsored financial wellness services, has closed a $60m Series C funding round.

The round was led by Sustainable Investing at Goldman Sachs Alternatives, which committed up to $50m — comprising an initial $25m investment alongside a further $25m to be deployed in the coming months, subject to conditions. Existing backers Revolution Ventures and EJF Ventures contributed the remaining $10m.

The fresh capital will be directed towards broadening Kashable’s employer network, strengthening relationships with HR, benefits and finance teams at client organisations, and developing its data-driven platform to deliver greater value to both employers and employees.

Kashable operates by partnering with employers to offer staff a range of financial wellness tools delivered as a workplace benefit. These include credit monitoring, financial coaching and access to affordable credit, all integrated with HR and payroll systems. By tying loan repayment directly to payroll, the company reduces credit risk, which in turn allows it to offer lower-cost financing — helping workers manage short-term financial pressures without undermining their longer-term financial stability.

The investment aligns with the Sustainable Investing arm of Goldman Sachs Alternatives, which focuses on backing high-growth businesses that broaden access, affordability and outcomes for underserved populations.

Counterpart raises $50m Series C to tackle AI-era business risks

Counterpart, a specialty InsurTech company designed for the AI era and pioneer of Agentic Insurance™, has closed a $50m Series C funding round, pushing its total capital raised to $106m.

The round was led by Valor Equity Partners, with continued participation from existing investor Vy Capital.

The fresh capital will be directed towards four strategic priorities: launching new specialty insurance products, building industry-specific programmes, expanding claims and risk management capabilities, and capitalising Counterpart Insurance Company to allow it to retain risk and better align incentives with partners throughout the value chain.

The InsurTech offers its Agentic Insurance, which combines deep insurance expertise with modern AI. Through this, clients can access improved management and professional liability solutions for underwriting, risk management and claims resolution.

TCV and First Harmonic back Actively’s $45m funding round

Actively, an AI-driven revenue platform designed to shift sales organisations from human-led execution to what it calls Intelligence-Led Revenue, has secured $45m in Series B funding.

The round was co-led by TCV and First Harmonic, with Bain Capital Ventures, First Round Capital, and Alkeon also participating.

The raise brings Actively’s total funding to $68m. The capital is earmarked for new product development aimed at go-to-market teams, recruitment, enterprise expansion, and the opening of a new San Francisco office.

Central to Actively’s offering is what it describes as a persistent AI agent assigned to every account — branded as Per-Account Agents™.

Operating continuously, these agents maintain full context across a company’s entire sales organisation, identifying opportunities, formulating account strategies, directing revenue teams, and carrying out execution tasks. Rather than relying on sales staff to reconnect with accounts and piece together information, the system ensures that signals are interpreted and next steps are always primed, independent of when a human is actively engaged.

Versana raises $43m led by BNP Paribas to modernise loan markets

Versana, a digital infrastructure platform for the broadly syndicated loan and private credit markets, has closed a $43m capital raise led by BNP Paribas, with new strategic investments from Fitch Ventures, MassMutual Ventures, Motive Partners and Apollo.

Existing shareholders Bank of America, Barclays, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley, U.S. Bancorp and Wells Fargo also made follow-on investments in support of the company’s continued growth.

The latest financing brings Versana’s total capital raised to more than $125m across several funding rounds.

BNP Paribas, as lead investor, has taken a strategic stake in the platform to back Versana’s ongoing global expansion. Fitch Ventures, the corporate venture arm of Fitch Group, has come on board to help extend the platform’s reach into the pre-trade, credit decision-making process used by portfolio managers and credit analysts.

Apollo’s participation is aimed at deepening connectivity with the buyside and furthering digital innovation across the loan market ecosystem.

Sahi raises $33m Series B at $200m valuation

Bengaluru-based broking platform Sahi, backed by Accel and Elevation Capital, has secured $33m in a Series B funding round.

The investment was backed by Accel Growth, Elevation Capital and Accel India, according to a report from TechinAsia.

Accel Growth contributed approximately $20m to the round, it said.  The Series B represents a 3.3x step-up from its Series A.

The Bengaluru-headquartered firm launched operations in January 2025 and is now planning to expand its product range to include margin trade funding, commodity trading, and mutual funds.

Since launch, Sahi has reported a number of operational milestones, including the processing of 130 million trades, the opening of 400,000 demat accounts, and the delivery of a 90% customer satisfaction rating. The platform also claims to execute 96% of orders in under 10 milliseconds and has shipped more than 40 product releases within its first year of operation.

Zamp raises $30m to build sales tax OS for accountants

Zamp, a sales tax compliance platform positioning itself as the operating system for sales tax, has raised a total of $30m to accelerate the development of its platform and expand its accounting firm partnerships.

The most recent funding round was led by Acrew Capital, with participation from Thomson Reuters Ventures and a number of Zamp’s accounting firm partners. They join earlier backers including Friends & Family Capital, 20Growth, Good Friends Venture Capital, and a range of other investors and operators.

The company intends to deploy the capital across three areas: scaling its accounting firm channel, developing new product capabilities powered by AI agents, and expanding internationally across the EU, Australia, New Zealand, the UK and more than 100 countries in total.

Certificate management is among the next features planned, with the broader goal of enabling a single tax professional to achieve 100 times their current output. Zamp’s partnerships team has already tripled in size over the past six months, with ambitions to move from working with local and regional practices to targeting the top 25 accounting firms globally.

Fence raises $20m to modernise asset-backed finance

Fence, a technology platform rebuilding infrastructure for asset-backed finance, has secured $20m in a new funding round led by Galaxy Ventures.

The oversubscribed raise also saw participation from seed investors ParaFi Capital and Crane Ventures Partners, formerly known as MassMutual Ventures, both of whom reinvested within months of Fence’s previous seed round. The fresh capital will be directed towards accelerating the company’s expansion into the US market, growing its engineering team, deepening product capabilities, and integrating AI-driven automation. As part of the expansion, co-founder and CEO Juan Montero will relocate to New York to lead the growth of the company’s NYC-based team.

Fence has been developed to serve the $15tn asset-backed finance market, which the company describes as slow, opaque, and operationally inefficient. The platform replaces traditional trust and agency providers — including verification, calculation, collateral, and paying agents — that sit between borrowers and lenders in asset-backed finance transactions. These intermediaries have long depended on manual processes, spreadsheets, and siloed systems, leaving much of the industry still conducting business via email.

Since going live, Fence has grown to $1.5bn in assets under administration across active facilities, with backing from institutions including BlackRock, Fortress, i80 Group, and BBVA. The platform is capable of processing tens of thousands of loans per second and can onboard new facilities within weeks. In one live facility with BBVA, Fence enabled near-instant drawdowns multiple times daily — a process that had previously taken place weekly or monthly — whilst simultaneously monitoring hundreds of thousands of transactions each month in real time.

Squads raises $18m to expand stablecoin finance platform

Squads, a financial technology company building business finance on stablecoin infrastructure, has closed an $18m strategic funding round, bringing its total capital raised to $42.9m.

The raise was led by Solana Ventures, with Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto, and Robot Ventures all contributing. The capital will be used to accelerate Altitude, Squads’ financial operating system built on stablecoin infrastructure, through team growth, payment network expansion, and product development.

Altitude launched publicly in December 2025 and has since processed more than $200m in payments across a client base that spans exporters, global agencies, crypto-native companies, and cross-border remote teams. The platform does not hold customer funds; instead, treasury is held in stablecoins and settles on stablecoin rails instantly, around the clock, at low cost. Where transactions need to reach traditional banking infrastructure, they pass through a network of licensed stablecoin payment service providers (PSPs), including Bridge, MoonPay, Infinite, and Due.

Altitude has also developed a proprietary compliance engine that applies sanctions screening, anti-money laundering checks, transaction monitoring, and know-your-business verification to every account. On the security side, Squads Protocol — which underpins the platform’s asset custody and money movement — currently secures more than $10bn in value. Each business account also features programmable controls, granular permissions, and configurable multifactor authentication, with all transactions recorded and settled on Solana.

Bug Bounty Switzerland closes CHF 12m Series A round

Bug Bounty Switzerland, a Zurich-based CyberTech firm specialising in ethical hacking and continuous security testing, has secured CHF 12m in a Series A funding round jointly led by Direttissima Growth Partners and Deutsche Beteiligungs AG (DBAG).

The two investors contributed equally to the round. Direttissima is a European growth equity firm with offices in Zurich and Munich, bringing B2B technology scale-up expertise and a network of operator-investors to the partnership. DBAG is participating through its Long-Term Investment strategy, deploying balance-sheet capital outside of traditional fund-structure timelines.

Following completion of the deal, Direttissima partner Philipp Bolliger will take a seat on Bug Bounty Switzerland’s board of directors, while the founding team retains a majority of shares and remains central to setting the company’s direction.

The fresh capital will be channelled into international expansion, headcount growth, and accelerating the evolution of the platform from AI-assisted to increasingly autonomous security test orchestration.

Pmtbox raises $15m seed to unify commerce infrastructure

Pmtbox, an enterprise commerce platform designed to consolidate payments, risk, and data for merchants, has closed a $15m seed funding round — reported to be the largest seed raise in Utah over the past decade.

The round was led by Tandem Ventures, with contributions from Element Ventures, Cynosure Investment Partners, and Aaron Skonnard, founder and CEO of Pluralsight.

The capital will be directed towards scaling pmtbox’s engineering, risk, and enterprise functions, as well as speeding up go-to-market activity across sectors where commerce complexity is greatest.

Alongside the funding announcement, Tandem founding partner Alex Bean has joined the pmtbox board of directors, with Nick Thomas, founder of Finicity, coming on board as an independent director.

pmtbox’s platform addresses a long-standing problem in the merchant ecosystem: the reliance on a fragmented array of vendors, tools, and disconnected data sources that offer no single point of accountability.

According to the company, this kind of patchwork infrastructure inflates costs, weakens risk controls, and limits operators’ ability to make full use of their own data. By bringing payments, risk intelligence, and transaction data together under one system, pmtbox aims to give merchants a clearer picture of their true economics.

Novio raises ₹100 crore Series A funding round

Novio, the consumer credit card app operated by Credilio Financial Technologies, has closed a ₹100 crore ($14.4m) Series A funding round.

The round was led by Cornerstone Ventures, with Shepherd’s Hill Private Equity, ESV-Arthya AIF and Roots Ventures also participating. Venture debt was provided by Innoven Capital and Alteria Capital.

The capital will be directed towards scaling distribution into Tier 2–5 markets, broadening bank partnerships, and advancing product development, including the novio UPI stack and its AI-powered credit advisory capabilities.

The company has set a target of issuing 50 lakh credit cards within the next three years, with ambitions to reach as far as Tier 5 towns.

Novio was co-founded in 2024 by Aditya Gupta, Sandeep Ghule, Anand Kapadia and Manish Sinha. The app allows users to open a small fixed deposit, after which they receive a RuPay-branded credit card within hours, requiring no income documentation, credit history or eligibility assessment.

Performativ raises $14m Series A led by Deutsche Börse

Performativ, an AI-native operating system for wealth management, has closed a $14m Series A funding round led by Deutsche Börse Group.

The round also drew participation from Rabo Investments, the investment arm of Rabobank, former McKinsey & Company senior partner and co-leader of global banking sector Jacob Dahl, and existing backers FinTech Collective and EIFO, the Danish sovereign wealth fund. Closing remains subject to standard conditions and is expected to be finalised shortly.

The capital will support Performativ’s push into the enterprise segment, with a focus on serving private banks and larger financial institutions that face complex operational demands and require scalable, integrated technology solutions. The company intends to deepen its capabilities in areas such as complex data structures, higher transaction volumes, and more sophisticated reporting and compliance requirements. Funding will also be used to support its expansion across Europe.

Gaming FinTech PvX Partners closes $10.5m Series A

PvX Partners, a financial services platform specialising in user acquisition (UA) financing for gaming and consumer applications, has closed a $10.5m Series A funding round.

The raise was led by T-Accelerate Capital, with contributions from Z Venture Capital, Drive by DraftKings, Play Ventures, General Catalyst and Square Enix Holdings. Alongside the funding announcement, the company revealed it has now surpassed $750m in committed UA financing to date.

PvX Partners said the capital will support continued development of solutions that empower gaming and consumer app businesses to grow. The firm offers both financing and AI-powered market intelligence tools.

At its core, PvX Partners provides UA Financing through its PvX Capital product, a flexible line of credit that co-invests alongside client companies into their monthly marketing campaigns. Unlike conventional loan structures, repayment is tied directly to campaign performance, giving businesses predictable cash management and protection against downside risk.

Marloo raises $10m seed to transform financial advice

Marloo, the London-headquartered AI partner for financial advisers, has announced a $10m seed funding round aimed at taking the profession beyond what it describes as the notetaker era.

The round is led by Blackbird Ventures, which previously backed Marloo at pre-seed stage just six months ago, bringing the company’s total funding to $12.7m in under a year. Blackbird, known as the first and largest investor in Canva, has drawn a parallel between the design platform’s impact on its industry and what Marloo could do for financial advice.

The new capital will be deployed across three strategic priorities: strengthening Marloo’s presence in the UK and Australia, where it is seeing its fastest uptake; launching into the US market; and completing a full product suite that the company says will position it as the core operating system for advisory firms.

Marloo’s platform handles the administrative and compliance-related burden facing financial advisers, including notes, documents and regulatory requirements, freeing them to focus solely on client-facing work. The company says that over time, its AI surfaces client opportunities that would otherwise go unnoticed.

QuoIntelligence raises €7.3m Series A for threat intelligence

QuoIntelligence, a Frankfurt-based provider of ‘threat intelligence as-a-service’ tools, has closed a €7.3m Series A funding round.

The round was led by Elevator Ventures, the venture capital arm of Raiffeisen Bank International AG, and co-led by BMH Beteiligungs-Management Hessen. Returning backer eCAPITAL Entrepreneurial Partners also participated, alongside new investor Mercurius Private Equity GmbH.

The proceeds are earmarked for expanding QuoIntelligence’s European analyst team, deepening investment in its product offering, and broadening its distribution through channel partners already embedded within European organisations. The company has stated that the raise will not alter its analyst-first approach, which predates the round and will continue to define its model going forward.

UnblockPay raises $4.5m in stablecoin seed round

UnblockPay, a Brazil-founded stablecoin-native banking and payments platform, has closed a $4.5m seed funding round to fuel its international growth and product development.

The round was led by Prelude, with additional backing from Plug and Play, Wintermute, Reverie, Signature Ventures, Triaxis Capital, and Crescera Capital. Angel investors from Stone, Zoop, and iFood also took part in the raise.

The fresh capital will be directed towards broadening UnblockPay’s operational footprint, speeding up product development, and reinforcing its regulatory and compliance framework. The company has indicated plans to enter new markets beyond its current reach in Latin America, the United States, and Europe.

UnblockPay serves as both the technological and regulatory backbone that allows businesses to incorporate stablecoins into their day-to-day financial operations.

ViteSicure lands €2.5m Series A with new investors

ViteSicure, an InsurTech specialising in life and personal protection, has raised €2.5m in the first tranche of its Series A funding round, with backing from new investors including Ad4Ventures and Net Insurance, to accelerate its growth strategy and scale operations.

The funding will support ViteSicure’s expansion in the Italian market, with a focus on strengthening distribution channels, enhancing its technology platform and developing new products. A key priority will be investment in AI capabilities to improve efficiency and customer experience.

ViteSicure operates a digital platform for life insurance and personal protection products, enabling embedded insurance solutions through a plug-and-play model. The company has built a growing portfolio in the sector, supported by efficient capital use and a scalable technology infrastructure.

Ad4Ventures, part of the MFE-MediaForEurope group, provides media-for-equity investment and strategic support, while Net Insurance, part of the Poste Vita group, brings insurance expertise and distribution capabilities. Their participation strengthens ViteSicure’s ability to expand its reach and partnerships.

Alongside the new investment, €2m in SAFEs subscribed in 2023 by investors including CDP Venture Capital, Apside, Reale Group and business angels have been converted into equity, reinforcing the company’s capital structure.

Cleo Labs secures €1.5m for global product compliance

Cleo Labs, a RegTech company that uses artificial intelligence to automate product regulatory compliance, has closed a €1.5m funding round to accelerate development of its platform and expand into new markets.

The round was led by Larry Berger and includes participation from Kima Ventures and Financière Saint-James, alongside a number of prominent figures from the technology ecosystem: Boris Paillard of Le Wagon, Ambre Soubiran of Kaiko, Stéphanie Zolesio of Casino, and Charles Sutton of Datascientest. The round also includes a scout ticket from Accel.

Cleo Labs additionally won The Pitch by Deel — a global startup competition that drew more than 35,000 applications — taking first place in the regional final hosted at Station F. The win carries financial backing from Deel and a place at the international final in Dubai.

Proceeds from the raise will go towards developing the platform’s technology, supporting commercial growth across Europe — the company’s primary strategic focus — and laying the groundwork for a future push into the US market.

NOVAPRO closes seed round to scale EasyAlpha.pro AI platform

NOVAPRO, a Tokyo-based WealthTech firm developing AI-powered platforms for investor education and stock analysis, has announced the soft close of its seed equity funding round, anchored by venture capital firm FIVESTAR Capital Partners.

The round was supported by a syndicate of private investors alongside institutional lead FIVESTAR Capital Partners, a Tokyo-based venture capital firm. The newly secured capital will be directed towards expanding NOVAPRO’s core AI platform and accelerating the development of its flagship product, EasyAlpha.pro.

EasyAlpha.pro is built to make institutional-grade market intelligence more widely accessible, using proprietary machine learning models to deliver in-depth stock analytics and educational insights aimed at supporting long-term wealth creation.

With the seed round now soft closed, NOVAPRO is in the process of finalising cloud infrastructure partnerships to support upcoming computational workloads, as well as preparing for the next stage of EasyAlpha.pro’s product rollout.

The post FinTech funding hits $800bn as US firms dominate market appeared first on FinTech Global.

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