As summer roars on, the FinTech sector is also seeing its time in the sun this year, as another strong week of FinTech deals were reported.
Leading the pack this week was IOT cybersecurity business Exein, who were able to pull in a strong €70m investment. Meanwhile, fraud protection firm CertifID pulled in a strong $47.5m.
The strongest sector funding-wide this week was CyberTech, with seven deals in total. Just trailing behind was financial infrastructure, which saw six deals across the week. PayTech pulled in four deals and WealthTech three, whilst RegTech and DataTech’s secured 2. InsurTechs rounded off the pack with one deal.
Geographically, the US firms dominated, securing 14 deals in total. Following behind on two was the UK, whilst Italy, Hong Kong, France, Israel, Morocco, Mexico, Egypt and Bulgaria followed on one.
Whilst the wider global industry is performing well, recent research from FinTech Global found that funding in the UK FinTech fell considerably in Q2 year-on-year.
Total funding reached $1.4bn, reflecting a 26% drop from the $1.9bn raised in Q2 2024, though it remained flat compared to the $1.4bn secured in Q1 2025.
Here are this week’s deals.
IoT cybersecurity firm Exein secures €70m
Rome-based cybersecurity company Exein, which specialises in embedded security solutions for IoT devices, has raised €70m in a Series C funding round to support its global expansion and product innovation efforts.
The round was led by Balderton and included participation from Supernova and Lakestar, with continued support from previous backers 33N, United Ventures, and Partech.
Exein provides a real-time cybersecurity platform that operates at the device level, offering a “digital immune system” for connected hardware. Its technology is trusted by leading chipset makers and device manufacturers including MediaTek, Supermicro, Kontron, SECO, and AAEON, with the platform already protecting over 1bn devices.
KUN bags $50m+
KUN, an Asia-based stablecoin payment and embedded finance platform, has raised over $50m since launching just 20 months ago.
The company recently closed an oversubscribed Series A funding round backed by existing investors BAI Capital and GSR Ventures, who increased their commitments, alongside two new strategic investors—Eternium Global and a Hong Kong-listed conglomerate.
KUN specialises in building a global infrastructure for stablecoin-based cross-border payments and embedded financial services. The company’s solutions are tailored for enterprises and institutional clients.
CertifID raises $47.5m
CertifID, a wire fraud protection platform for the real estate sector, has raised $47.5m in a Series C round led by Centana Growth Partners.
Existing investor Arthur Ventures also participated, having previously led CertifID’s Series A and B rounds totalling $32.5m.
The company helps title firms, law offices, lenders and estate agents safeguard transactions using AI-powered tools, direct insurance, and fraud recovery services.
Cyber risk firm iCOUNTER emerges with $30m
Cyber risk intelligence start-up iCOUNTER, which delivers targeted cyber threat insights to organisations, has officially launched after operating in stealth mode for five years.
The company has emerged with a $30m Series A funding round, led by SYN Ventures. The investment supports iCOUNTER’s mission to help businesses counter increasingly sophisticated cyber threats driven by artificial intelligence.
Founded by cybersecurity pioneer John Watters, iCOUNTER focuses on precision risk intelligence. Its platform is designed to detect, deflect and defeat highly tailored cyberattacks aimed at specific organisations and their broader ecosystems. The company aims to close the intelligence gap left by traditional threat reporting, which is often reactive and based on past incidents.
Merchant of record Paddle raises $25m
Paddle, a leading merchant of record (MoR) platform for digital product businesses, has raised $25m.
The funding round was led by CIBC Innovation Banking, which will help finance Paddle’s expansion into new markets and the development of its product capabilities, according to a report from PYMNTS.
As a MoR, Paddle manages end-to-end payment infrastructure for more than 6,000 Software-as-a-Service (SaaS), artificial intelligence (AI), and app companies. The firm replaces fragmented payment technology stacks with a unified solution that handles payments, refunds, compliance, tax, fraud, and customer billing support.
Treasury FinTech Spiko raises $22m
Spiko, a FinTech company revolutionising European cash management through tokenised fund infrastructure, has secured $22m in a Series A funding round.
The round was led by Index Ventures, with additional backing from White Star Capital, Frst, Rerail, Blockwall and Bpifrance’s Digital Venture Fund.
Prominent angel investors also participated, including Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, Blackstone co-CIO Lionel Assant, and the founding team of Pennylane.
AI workflow automation startup Heron lands $16m
Heron, a workflow automation company specialising in AI-powered document processing for traditional industries such as lending, insurance and equipment finance, has raised $16m in a Series A funding round.
The round was led by global software investor Insight Partners, with support from previous backers including Y-Combinator, BoxGroup and Flex Capital. The fresh capital will be used to scale Heron’s AI technology across more industry verticals and build out its team.
Founded in 2020, Heron develops AI solutions to streamline complex, document-heavy workflows. Its platform is designed to replace repetitive manual tasks with intelligent automation, helping businesses process large volumes of documents faster and more reliably.
Murphy raises $15m
AI-powered debt servicing platform Murphy has emerged from stealth with a combined $15m in pre-seed and seed funding.
The round was led by Northzone and included contributions from ElevenLabs, Lakestar, Seedcamp, and other existing investors. The capital will support Murphy’s rapid expansion across Europe and the US.
Murphy aims to overhaul the debt servicing sector, which has long relied on outdated systems such as manual call centres and broad-brush engagement tactics. These legacy practices have often led to poor recovery rates and high operational costs. The company’s platform replaces these with fully autonomous AI agents capable of personalised, multilingual channels.
Folio raises $14m
Folio, a financial operations platform designed specifically for the hospitality sector, has raised $14m in a Series A funding round.
The round was led by Thrive Capital and Construct Capital, with additional participation from Redseed VC and SciFi VC.
Folio’s platform helps hotels increase profitability through a modern procure-to-pay suite that includes a managed marketplace (Folio Buy), AI-powered invoice processing (Folio Bills), and streamlined payments (Folio Pay). The company aims to centralise financial operations by integrating suppliers, properties, and finance systems into a single workflow.
Heka lands $14m
Heka, a real-time identity intelligence company helping financial institutions combat synthetic fraud and identity manipulation, has secured $14m in Series A funding.
The investment round was led by Windare Ventures, with participation from Barclays, Cornèr Banca, and a group of other institutional investors.
Heka develops AI-powered tools that analyse publicly available online data to generate real-time digital profiles of individuals. These profiles help financial institutions detect alias usage, behavioural anomalies, and reputational risk—insights that traditional tools and static credit files often miss.
Cybersecurity startup Zip Security raises $13.5m
Zip Security, a cybersecurity platform built for small and mid-sized businesses, has raised $13.5m in a Series A funding round.
The investment was led by Ballistic Ventures, with backing from Silver Buckshot, Mantis VC, and existing supporters General Catalyst, Human Capital and Box Group. This brings Zip’s total funding to $21m.
Founded by ex-Palantir engineers Josh Zweig and Gabbi Merz, Zip automates core security operations like endpoint protection, identity management, and compliance.
Dakota raises $12.5m
Dakota, a digital asset-integrated business banking platform, has raised $12.5m in a Series A funding round to further its ambition of modernising global business banking.
The round was led by CoinFund, with additional backing from 6th Man Ventures (6MV) and Triton Ventures. The new capital is aimed at expanding Dakota’s international footprint and accelerating product innovation.
Founded by former employees of Coinbase, Square and Airbnb, Dakota is building what it claims to be the world’s first globally accessible business bank account. Its offering combines the speed and transparency of stablecoins with the security of U.S. Treasuries, enabling cross-border business payments.
Cybersecurity AI firm Empirical Security lands $12m
Cybersecurity startup Empirical Security, which specialises in building AI-powered defences tailored to enterprise infrastructure, has secured $12m in seed funding.
The investment round was led by Costanoa Ventures, with additional participation from DNX Ventures, Sixty Degree Capital, HPA, and notable strategic investors including Jonathan Cran, Wade Baker, and Gerhard Eschelbeck.
Empirical Security develops artificial intelligence models tailored to the specific systems and risks of each enterprise, offering an alternative to standardised cybersecurity tools. By combining local intelligence with global attack data, the company enables more precise threat prioritisation and risk management.
Cogent Security raises $11m
Cogent Security, a cybersecurity start-up focused on AI-powered vulnerability management, has emerged from stealth with $11m in funding.
The investment was led by Greylock Partners, which also incubated the company through its Edge programme. Additional backing came from Lockstep and a group of strategic angel investors affiliated with companies such as OpenAI.
Cogent Security is pioneering the use of agentic AI in cybersecurity, positioning itself as the first company to deliver an AI taskforce dedicated to vulnerability management. The platform provides AI agents that assist internal security teams by autonomously executing complex, time-intensive tasks such as assessing infrastructure risk, prioritising threats, coordinating fixes, and generating reports.
Laka secures $10.4m
Laka, a London-based InsurTech focused on green mobility, has raised $10.4m in a Series B round to support its growth across Europe and accelerate its path to profitability.
The funding was co-led by Shift4Good and MS&AD Ventures, with backing from Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures and Republic.
Laka provides collective-driven insurance for e-bikes, e-scooters and other sustainable transport. Its flagship product offers flexible monthly payments, with premiums based on actual claims, rather than fixed rates.
Retirement platform Retirable raises $10m
Retirable, a retirement platform tailored for Americans, has secured $10m in a Series A funding round to expand its reach and enhance its smart retirement planning tools.
The round was led by IA Capital Group, with participation from new backers Nationwide Ventures, Western & Southern Financial Group, and Clocktower Ventures.
Existing investors Primary Venture Partners, Portage Ventures, Vestigo Ventures, and SilverCircle also joined the round.
ORA Technologies raises $7.5m
ORA Technologies, a Moroccan FinTech known for its push to digitise commerce and payments across the country, has completed its Series A funding round with $7.5m secured from local investors.
The round was led by Azur Innovation Fund, with support from three additional strategic investors based in Morocco, according to a report from wamda.
This latest investment brings ORA’s total local fundraising to $11.9m since January 2023.
The company is best known as the force behind the “E-Morocco for Everyone” initiative, which aims to make digital payments and e-commerce accessible to all Moroccans.
SMB-focused FinTech Receive bags $4m
Receive, a US-based financial technology company focused on improving cash flow access for small and medium-sized businesses (SMBs), has exited stealth mode and announced its official launch.
The company revealed it has secured a $4m seed funding round led by NGVP, with participation from investors including Blank Ventures, Verissimo Ventures, Insight Partners, Corner Ventures and Clocktower Technology Ventures. This brings Receive’s total funding to $7.1m, including additional debt financing.
UK payments firm yetipay secures £3.5m
London-based payments company yetipay, known for its fast and low-cost payment processing terminals tailored to the hospitality, retail, and service sectors, has raised £3.5m to fuel the next phase of its growth.
The new funding includes a £1.75m debt facility from Berlin-based FinTech re:cap and a £1.7m equity raise from a group of prominent angel investors. These backers include Paul Statham, Mark Blandford, Ben Whitaker, Lloyd Amsdon, Christian Riener, and Simon Squibb.
Founded in 2017, yetipay has established itself as a trusted provider of all-in-one payments solutions to brands such as Brewdog, Pho, Grasso Soho, Kütchenhaus and Zenith. The platform offers simple, efficient payment tools that help businesses save time and money, allowing them to concentrate on their core services.
Construction FinTech Mango raises $3m
Mexican FinTech Mango, a platform specialising in embedded credit and real-time B2B payments for the construction industry, has reportedly raised $3m to tackle cash flow challenges across Latin America’s building sector.
The funding round was led by Ironspring Ventures, with additional backing from Brick & Mortar Ventures, Great North Ventures, Buildtech Ventures, Incisive Ventures, and First Check Ventures, according to a report from FinTech Finance News.
BBVA Spark, the innovation division of BBVA, also provided a credit facility to help Mango scale nationally in Mexico. Notable angel investors included Runa founder and CEO Courtney McCoulgan and Solvento CEO Jaime Tabachnick.
Paypercut raises €2m
Paypercut, a European FinTech company building a multi-provider Buy Now, Pay Later (BNPL) hub, has raised €2m in one of the region’s largest pre-seed rounds for a payments-focused business.
The pre-seed investment was led by Concentric, with backing from Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and a number of prominent angel investors.
Booz Allen backs Corsha
Cybersecurity firm Corsha, which builds identity infrastructure for machines, has received a strategic investment from Booz Allen Ventures, the venture arm of Booz Allen Hamilton.
The funding follows Corsha’s previous $18m Series A-1 round, which included backing from Sinewave, Razor’s Edge Ventures, and Ten Eleven Ventures.
Corsha is the first Machine Identity Provider (mIDP) built to protect machine-to-machine communications across critical and operational systems. It helps secure infrastructure in defence, manufacturing, and other sectors where machine automation is central.
Secure file sharing firm TitanFile secures SEVA investment
TitanFile, a secure file sharing and collaboration platform used by law firms, financial institutions and government agencies, has received a minority investment from SEVA Growth LP.
This marks TitanFile’s first institutional funding, with the investment made via SEVA I LP. Financial terms have not been disclosed, but SEVA founder Shalin Mehta will join the company’s board of directors as part of the deal.
Founded in 2011, TitanFile offers an encrypted, cloud-based platform that enables professionals to share sensitive files and messages securely, supporting compliance and productivity in highly regulated industries.
FinTech firm SIGMA AI secures funding
SIGMA AI, a FinTech firm specialising in real-time data analytics and AI-powered insights, has secured a strategic minority investment from Trading Technologies (TT), a global provider of capital markets technology platforms.
The amount raised in this round was not disclosed. Trading Technologies, which previously invested in SIGMA AI in 2024, led this follow-on funding to deepen its partnership with the company.
SIGMA AI delivers a low-latency, AI-driven analytics platform that supports wealth and asset managers, brokers, traders, and data vendors. Its technology is designed to be multi-asset and data-type agnostic, offering clients personalised investment tools and insights across technical, fundamental, and event-driven data.
Egypt’s FinTech PALM secures 7-figure pre-seed round
Egyptian FinTech startup PALM, a platform focused on incentivised goal-based saving, has announced the successful close of its pre-seed funding round.
The round, described as a seven-figure raise, was led by 4DX Ventures and saw participation from Plus VC alongside several international angel investors, according to a report from wamda.
PALM has developed a digital platform aimed at helping Egyptians achieve important life goals through smarter savings. The solution blends traditional investment strategies with behavioural nudges to reward users for consistency, combining returns from diversified assets like equities, fixed income, and precious metals with exclusive merchant deals to enhance value and reduce day-to-day costs.
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