The US dominated the FinTech sector this week, accounting for 20 of the total 34 deals. 

It also proved a very popular week for CyberTech companies, with a total of 13 deals in the subsector.

A total of $1.4bn was raised through FinTech deals this week, a notable increase from the previous week, which saw $900m raised across 21 deals. 

The largest deal of the week was raised by Ramp, a US-based financial operations platform, which secured $500m for its Series E-2 funding round. The investment round brought its total equity financing to $1.9bn.

ICONIQ served as the lead investor to the round, with support coming from multiple other existing backers, including Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures and 8VC.

Ramp provides an integrated suite of financial tools designed to streamline and automate corporate spending. Its platform offers products such as corporate cards, expense management, bill payments, procurement, travel booking, and treasury services.

The second biggest deal of the week was raised by US-based RegTech company HeroDevs. The company, which provides compliance solutions for unsupported open source software (OSS), raised $125m in strategic growth funding.

The third biggest deal of the week was the only other to secure $100m or more. Israeli CyberTech platform Noma Security raised $100m in a Series B funding round, with Evolution Equity Partners serving as the lead investor. Noma was founded and launched from stealth in 2024.

Recent research from FinTech Global highlighted the dominance of the US in the global FinTech sector. The country was home to seven of the ten biggest deals during the first six months of the year.

While there has still been a lot of FinTech deals this year, it is a notable decline compared to last year. In H1 2025, the global FinTech sector saw 1,695 deals completed, down 38% from the 2,754 deals recorded in H1 2024. Funding also fell, though at a less severe rate, totalling $44.6bn, representing a 16% drop from the $53.2bn raised during the same period in the previous year.

The US-based FinTech companies to raise funds this week were: Ramp, HeroDevs, Saphyre, SAFE, Salient, Wallarm, BlinkOps, Cover Whale, Legion, Dropzone AI, Fable Security, Courtyard.io, Flyhomes, TakeUp, Reach Security, Keye, North Pole Security, Comp AI and KredosAi.

Only three other countries housed multiple FinTech deals this week, with the UK and Israel both recording two. The UK companies were DynaRisk, InTick and Novee AI, while the Israel-based companies were Noma Security, Cyata and Tonic Security. All of the Israeli companies were CyberTechs.

Canada was the final country with multiple deals, with Common Wealth and Cavelo both closing rounds.

Other locations represented this week included Brazil (QI Tech), Hong Kong (RD Technologies), Singapore (Chocolate Finance), Sweden (Quartr), Italy (Trustfull) and Spain (Merso).

Looking at the global FinTech landscape, another recent report from FinTech Global highlighted the sizable presence the US has.

It found that the US maintained its dominant position in the global FinTech landscape, accounting for 1,004 deals in H1 2025 (44% share). However, this was down from 2,492 deals (42% share) in H1 2024.

Following behind the US was the UK, which boasted 181 deals (8% share), a notable drop from 466 deals (8% share) in the same period last year.

As mentioned, CyberTech was the flavour of the week, nearly accounting for half of all the deals. These were Noma Security, SAFE, Wallarm, BlinkOps, BlinkOps, Dropzone AI, Fable Security, Reach Security, Cyata, Tonic Security, Cavelo, DynaRisk and North Pole Security.

WealthTech was next in popularity, with a total of six deals. These were Saphyre, Chocolate Finance, Common Wealth, Quartr, Keye and InTick. This was followed by RegTech (HeroDevs, Trustfull, Comp AI and KredosAi), PayTech (Courtyard.io, Car IQ and Merso), infrastructure & enterprise software (Ramp, QI Tech and TakeUp), InsurTech (Cover Whale and Novee AI) and marketplace lending (Salient and RD Technologies).

Rounding off the sectors was PropTech, which recorded one deal – Flyhomes.

Here are the 34 FinTech funding round covered in FinTech Global this week. 

Ramp raises $500m to build AI-powered finance future

Ramp, a leading financial operations platform based in the US, has raised $500m in a Series E-2 funding round, bringing its total equity financing to $1.9bn.

The latest round was led by ICONIQ, with continued support from all participants in Ramp’s June 2025 Series E, including Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, General Catalyst, and Stripes. New investors joining this round include Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Price Associates, GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Partners.

Ramp provides an integrated suite of financial tools designed to streamline and automate corporate spending. Its platform offers products such as corporate cards, expense management, bill payments, procurement, travel booking, and treasury services. The firm claims the majority of its clients use two or more of its offerings.

The company plans to use the new funds to accelerate its artificial intelligence (AI) initiatives and further develop its finance automation technology. In July, Ramp launched its first autonomous AI agents, which it said helped clients detect 15 times more policy violations with near-perfect accuracy.

The FinTech currently serves over 40,000 companies, including CBRE, Shopify, Anduril, Notion, Cursor, Vercel, Barry’s, and the University of Tennessee Athletics Foundation. It now powers more than $80bn in annualised transaction volume and has surpassed $1bn in assets under management through its Ramp Treasury product, launched just six months ago.

Ramp also revealed it has saved clients more than $10bn and helped recover 27.5m hours through its automation tools. The company became cash flow positive earlier this year, further strengthening its financial position.

HeroDevs secures $125m to tackle OSS security risks

HeroDevs, a software security company that provides compliance solutions for unsupported open source software (OSS), has raised $125m in strategic growth investment.

The round was led by PSG, a growth equity firm focused on scaling software and tech-enabled services businesses. Existing investor Album also participated in the raise.

HeroDevs specialises in securing outdated or deprecated OSS components that are still widely used across enterprise IT systems. With OSS adoption accelerating—particularly due to the rise of AI—the risks of using unmaintained libraries and tools have also grown. According to research cited by the company, 86% of commercial codebases include OSS with known vulnerabilities.

The new capital will be used to enhance HeroDevs’ Never-Ending Support offering, a service that provides secure and compliant drop-in replacements for unsupported OSS components. The solution helps organisations reduce exposure to cyber threats without forcing them to rebuild critical systems from scratch.

A portion of the funding—$20m—has been earmarked for HeroDevs’ Open Source Sustainability Fund. This initiative will offer grants between $2,500 and $250,000 to OSS developers and projects that follow strong security protocols, especially when announcing the end-of-life for legacy software versions. Applications are now open.

HeroDevs has already donated $4m to the OSS community, including $2m in 2024 alone, reinforcing its commitment to open source sustainability.

Cybersecurity firm Noma Security secures $100m funding

Noma Security, a fast-growing cybersecurity company specialising in AI and agent security, has raised $100m in a Series B funding round.

The latest round was led by Evolution Equity Partners, with continued backing from Ballistic Ventures and Glilot Capital. The investment follows less than a year after its previous round and cements Noma Security’s position as the fastest-growing firm in the AI security space.

Founded in stealth and launched in November 2024, Noma Security provides a unified platform that enables enterprises to secure, govern and manage AI systems and agents. The platform is tailored for Fortune 500 companies and other AI-forward organisations, offering capabilities that detect, prioritise and mitigate emerging risks across cloud environments, source code repositories and AI development platforms.

With the fresh capital, Noma Security plans to expand its go-to-market operations across North America and EMEA. The company also aims to scale up its product development, research and R&D teams in Tel Aviv to meet increasing demand for AI risk governance and security.

Saphyre lands $70m to scale AI trading workflow platform

Saphyre, an AI-driven software platform transforming operational workflows in finance, has secured $70m in growth equity from FTV Capital.

The investment comes from FTV Capital, a growth equity firm known for backing high-growth capital markets technology companies.

This funding is aimed at supporting Saphyre’s expansion across international markets, accelerating product development, and deepening its integration within the financial services ecosystem.

Founded in 2017, Saphyre digitises and automates pre- and post-trade workflows for financial institutions. Its AI-based platform enables efficient onboarding and trading between counterparties by preserving data context across the fund lifecycle. The technology is designed to significantly reduce manual operations, cut post-trade redundancies by up to 75%, and enable ready-to-trade status in under 24 hours.

The platform is already in use by over 75 global financial institutions, covering thousands of accounts and more than $3tn in assets under management. It connects asset managers, owners, hedge funds, custodians, and broker-dealers, creating a shared network effect that streamlines the flow of structured data across the finance ecosystem.

Cyber risk leader SAFE secures $70m in Series C round

Cybersecurity company SAFE, known for its AI-powered risk management platform, has raised $70m in a Series C funding round.

The round was led by Avataar Ventures, with additional backing from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, John Chambers, and Sorenson Capital.

Founded in 2020, SAFE helps organisations manage cyber risk using Agentic AI. Its platform delivers cyber risk quantification (CRQ), autonomous third-party risk management (TPRM), and now, a new continuous threat exposure management (CTEM) solution.

SAFE’s new CTEM launch marks what it claims is the world’s first fully autonomous tool of its kind.

Brazil FinTech QI Tech lands $63m in Series B extension

QI Tech, a Brazil-based FinTech company that provides financial infrastructure solutions, has raised $63m in a Series B extension round to further strengthen its position in the country’s rapidly evolving digital banking sector.

The funding round was led by global investment firm General Atlantic, with continued support from Across Capital, marking its fourth consecutive investment in QI Tech.

This extension follows the $200m Series B funding led by General Atlantic in 2023.

Founded in 2018, QI Tech offers a full-stack technology platform that enables financial institutions, FinTechs, and enterprises to build and scale financial products.

Its services span core banking, payments, lending, investments, and insurance, all integrated through APIs and underpinned by robust regulatory licences.

The company plans to use the new capital to accelerate product development, enhance its acquisition strategy, and consolidate its leadership within Brazil’s financial infrastructure. It is also targeting expansion into foreign exchange capabilities and other value-added services as part of its long-term vision.

AI loan servicing platform Salient secures $60m

Wallarm raises $55m to expand AI-powered API protection

Wallarm, a cybersecurity company specialising in API and AI security, has raised $55m in a Series C funding round to support the expansion of its new offering, Security Edge.

The funding round will support the company’s mission to make advanced API protection more accessible. Wallarm has not disclosed individual investors involved in the Series C raise.

Wallarm offers a comprehensive platform designed to safeguard APIs from evolving cyber threats. Its latest innovation, Security Edge, brings edge-based API protection to a wider range of teams and environments, offering enhanced visibility, performance, and reliability. The company’s solutions are particularly relevant as APIs become increasingly essential to digital infrastructure across industries.

The newly raised capital will be used to accelerate the rollout of Security Edge. This next-generation solution introduces key capabilities such as real-time traffic visibility, multi-cloud high availability, mutual TLS encryption, and free-tier access for smaller teams. Wallarm aims to address long-standing challenges in API protection, including architectural complexity and implementation difficulties.

Security Edge is designed for fast deployment, enabling organisations to secure APIs in minutes while reducing latency and cost. Its telemetry portal offers real-time insight into API traffic and performance, helping teams identify threats and demonstrate security return on investment (ROI). The platform also ensures availability even during cloud provider outages, and its mTLS support strengthens trust and compliance by securing communication channels end-to-end.

Wallarm has also made Security Edge available within its free API Security Tier, allowing up to 500,000 API requests per month to be protected at no cost. This move makes enterprise-grade protection accessible to startups, development teams, and small businesses, without sacrificing performance or increasing overhead.

AI cybersecurity startup BlinkOps raises $50m Series B

BlinkOps, a cybersecurity company specialising in AI-powered micro-agent automation, has announced the close of its $50m Series B funding round.

The round was led by Eyal Ofer’s O.G. Venture Partners, with continued backing from existing investors Lightspeed Venture Partners and Hetz Ventures. Vertex Growth also participated in the round, bringing BlinkOps’ total funding to $90m.

Founded by Gil Barak and Zion Zatlavi—who previously co-founded Secdo, later acquired by Palo Alto Networks—BlinkOps is developing technology aimed at modernising enterprise security operations. Its platform enables teams to create customised security micro-agents that automate complex workflows across enterprise environments.

The company plans to use the new funding to accelerate the adoption of its Security Micro-Agent Builder, scale its go-to-market strategy, and support increased demand from large enterprise customers.

The recent launch of BlinkOps’ platform has driven strong market traction. Its tool allows enterprises to generate an unlimited number of micro-agents for tasks such as identity access management, alert investigation, vulnerability patching, and device control. These agents can also communicate with one another to perform more sophisticated, multi-step workflows. The platform already supports over 30,000 integrations, 10,000 workflow templates, and more than 500 pre-built security agent templates.

Cover Whale secures $40m to scale connected insurance platform

Cover Whale, a US-based InsurTech specialising in connected insurance for the commercial auto sector, has secured $40m in equity funding from Morgan Stanley Expansion Capital.

Founded in 2020, Cover Whale uses a proprietary technology platform and algorithmic underwriting to let insurance agents bind trucking policies online in minutes.

The platform leverages real-time telematics and continuous underwriting to help reduce losses in the high-risk commercial trucking market.

The new investment will support Cover Whale’s efforts to expand its product offerings, enhance its analytics, and accelerate upgrades to its technology stack. This follows a year in which the company focused on strengthening its foundations, including improvements to service delivery, pricing models, and underwriting.

Hong Kong’s RD Technologies secures $40m for digital finance

RD Technologies, a Hong Kong-based FinTech group specialising in digital finance infrastructure, has raised $40m in a Series A2 funding round.

The round was co-led by both existing and new investors, including ZA Global, China Harbour, Bright Venture, and Hivemind Capital.

Other participants included HSG, Eternal Digital, CMSC Partners, and Guotai Junan International Private Equity Fund.

Founded in 2020, RD Technologies is among the early proponents of stablecoin infrastructure in Hong Kong. The company focuses on responsible innovation in digital finance, providing a bridge between traditional Web2 enterprises and emerging Web3 financial ecosystems.

In addition to the financing, RD Technologies has signed a strategic Memorandum of Understanding (MOU) with ZA Bank. The agreement will explore the application of stablecoins in financial services, focusing on areas such as custody of reserve assets and the potential distribution of RD Technologies’ stablecoin, pending regulatory approval.

Browser-native AI security firm Legion lands $38m

Legion, a cybersecurity startup specialising in AI-driven Security Operations Centre (SOC) technology, has emerged from stealth mode with $38m in funding.

The total capital raised includes a seed round and a Series A round. The Series A was led by Coatue, with earlier participation from Accel and Picture Capital, which co-led the seed round. The company also attracted backing from several angel investors affiliated with major technology firms such as Google, Crowdstrike, and Wiz.

Founded in 2024, Legion is developing a browser-native SOC automation platform powered by artificial intelligence. Its core product is a lightweight browser extension that observes and learns from in-house security investigations, turning those workflows into scalable automation. By integrating directly into the tools teams already use, the solution eliminates the need for APIs or complex integrations.

The funding will be used to accelerate product development and scale adoption of the platform across sectors such as finance, energy, and healthcare. Legion aims to address long-standing challenges in SOC teams, which are often understaffed and overwhelmed by security alerts. Its AI system promises to reduce investigation and response times by up to 90%, and in some cases has helped enterprises eliminate the need for external SOC resources altogether.

AI cybersecurity firm Dropzone AI raises $37m Series B

Dropzone AI, a provider of AI-powered SOC analysts, has raised $37m in a Series B funding round to scale its autonomous cybersecurity solutions.

The investment was led by Theory Ventures, with support from Madrona, Decibel Ventures, Pioneer Square Labs, and IQT.

The company builds autonomous AI agents that mimic human analysts to investigate alerts, reducing repetitive tasks and improving detection speed and accuracy. Dropzone AI supports firms like UiPath, Zapier, and Pipe, helping them scale security without growing headcount.

With the fresh capital, Dropzone AI will expand its go-to-market teams, accelerate development of specialised AI agents, and enhance integrations with existing security stacks.

Cybersecurity start-up Fable Security bags $31m funding

Fable Security, a human risk management platform focused on enterprise cybersecurity, has officially launched with $31m in funding.

The company aims to redefine how organisations tackle risky employee behaviour in the face of increasingly sophisticated AI-powered threats.

The $31m capital injection came from Greylock Partners and Redpoint Ventures. The company was also incubated within Greylock Edge, which previously backed firms like Palo Alto Networks and Abnormal AI. Redpoint’s involvement in the Series A round builds on its experience supporting cybersecurity start-ups such as Cyera and Chainguard.

Fable Security specialises in managing human risk by deploying targeted, real-time interventions directly to employees. These interventions are delivered through platforms like Slack and email, and are designed to reduce risk by influencing behaviour based on context and role-specific access. The core of the platform is the proprietary Human Behavior Index, which synthesises signals from identity, cloud, and endpoint systems to identify risky patterns.

The company will use the new funding to accelerate the development and adoption of its platform, which is already being used by enterprises including Pennymac, Genesys, and the Democratic National Committee. With these organisations, Fable claims to have helped reduce phishing clicks by over 85% and cut PII exposures by 60%.

Collectibles platform Courtyard.io lands $30m Series A

Courtyard.io, a digital collectibles platform, has secured $30m in Series A funding to fuel its continued expansion.

The investment round was led by Forerunner Ventures, with participation from New Enterprise Associates (NEA), Y Combinator, Burst Capital, Operator Partners, Prelude, and ParaFi Capital.

Founded to transform the traditional collectibles market, Courtyard.io offers a unique platform that merges physical items with digital convenience. The company enables users to collect, trade, and cash out instantly through its zero-fee marketplace, pack-ripping experiences, and seamless vaulting services. Items such as cards and coins are authenticated and stored securely, offering collectors instant liquidity and frictionless selling.

With the new funds, Courtyard.io plans to expand into additional collectible categories and enhance its user experience, including the upcoming launch of a mobile app. The company also intends to scale its team and hire across multiple functions to support its growing user base and platform capabilities.

The company’s Digital Packs model — which includes instant buyback offers and zero seller fees — has driven rapid adoption, helping it grow from $50,000 in gross merchandise value (GMV) per month in January 2024 to $50m per month at present, it claimed.

Savings app Chocolate Finance secures $15m Series A+

Chocolate Finance, a FinTech firm focused on helping users earn better returns on their SGD and USD idle cash, has announced the close of its $15m Series A+ funding round.

The investment round was led by Nikko Asset Management, with participation from returning backers Peak XV, Prosus, Saison Capital, and founder Walter de Oude. The latest round comes amid challenging capital markets, reinforcing investor confidence in the company’s business model and future trajectory.

Chocolate Finance offers a digital savings platform designed to turn idle cash into what it calls “happy money.”

The newly raised capital will be directed towards accelerating regional growth and further developing the platform.

With regulatory approval recently secured to operate in Hong Kong, Chocolate Finance aims to establish a strong presence in one of Asia’s most competitive financial centres.

Flyhomes secures $15m to scale ‘Buy Before You Sell’ model

Flyhomes, a Seattle-based real estate FinTech firm, has raised $15m in fresh funding to support its transition from a direct-to-consumer platform to a wholesale financial product provider.

The Series D funding round was backed by existing investors Andreessen Horowitz, Norwest Venture Partners, Canvas Ventures, Camber Creek, Al Goldstein, and Mark Vadon, according to a report from GeekWire.

Founded in 2016, Flyhomes specialises in offering innovative lending solutions that empower homebuyers to purchase their next property before selling their current one. The firm’s core product, “Buy Before You Sell”, has become central to its wholesale strategy, which now focuses on partnerships with loan officers and real estate agents rather than individual homebuyers.

The firm currently holds lending licences in 40 US states and plans to expand to more.

TakeUp lands $11m to transform pricing for boutique hotels

TakeUp, an AI-powered revenue optimisation platform tailored for independent hotels, inns, and glamping properties, has secured fresh funding to support its ambitious growth plans.

The company has raised $11m in a Series A round led by 1848 Ventures. The investment will help TakeUp expand its AI-driven platform, which aims to redefine how small hospitality businesses generate and convert demand while maximising revenue.

Founded in 2022, TakeUp uses causal inference AI models to automate and optimise pricing decisions based on real-time guest behaviour. Its technology analyses more than 38,000 micro-variables daily to help independent properties adapt pricing strategies to market dynamics. By making these advanced tools accessible to small and mid-sized operators, TakeUp offers functionality typically reserved for large chains with data science resources.

The platform has already shown strong momentum, increasing its customer base by over 300% in the past year. Its client list now includes hundreds of boutique hotels and alternative accommodation providers.

Canadian retirement SaaS firm Common Wealth raises C$15m ($10.8m)

Common Wealth, a Canadian SaaS company focused on group retirement plan services, has secured C$15m in funding from Flow Capital, a Toronto-based provider of flexible growth capital.

The investment comes in the form of a senior secured note, with an initial tranche of C$4m already advanced. The capital will be used to accelerate product development, expand customer reach, and scale operations.

Common Wealth offers a modern, full-stack digital platform for managing group retirement plans. The technology is designed to make it easier for employers of all sizes to provide competitive retirement benefits, while also equipping financial advisors with tools to support clients and grow their practices.

With this funding, Common Wealth aims to further its mission of making retirement security more accessible across Canada. The company currently supports over 1,100 employers nationwide, with particular momentum among small and mid-sized businesses and the advisors who work with them.

FinTech firm Quartr raises $10m to expand public market insights

Quartr, a leading provider of qualitative public market research tools, has secured $10m in fresh funding as it continues to scale its data platform for institutional investors and global enterprises.

The round was fully backed by existing investors Altos Ventures, Yanno Capital, and Öhman.

Quartr offers a suite of products including the Quartr API, which allows third-party developers to build custom solutions leveraging the firm’s live earnings call and transcription technology. Its desktop tool, Quartr Pro, supports asset managers, hedge funds, and investor relations professionals, while a mobile app delivers public market insights on the go.

The new capital will support Quartr’s international expansion. With new offices in New York and Dublin, the company is strengthening its local presence to access top-tier tech and sales talent.

The company reported 3x ARR growth year-over-year. It currently serves three of the five largest hedge funds by assets under management and counts two of the “Magnificent 7” tech giants among its API clients.

Cybersecurity AI firm Reach Security raises $10m from M12

Reach Security, an AI-driven cybersecurity platform focused on exposure management, has secured $10m in strategic investment.

The funding was led by M12, Microsoft’s venture fund, with participation from existing investor Artisanal Ventures.

Reach helps enterprises enforce security policies by translating intent into action across SaaS and on-prem environments. Its assistant streamlines drift detection, policy enforcement and remediation.

With the new funds, Reach launched ConfigIQ Drift, a tool enabling users to define and detect configuration drift without coding. It also previewed Asset Intelligence, which brings context to identities, devices and workloads.

Cybersecurity firm Cyata emerges from stealth with $8.5m

Cyata, an Israeli cybersecurity firm specialising in AI agent identity control, has officially launched from stealth mode following an $8.5m seed funding round.

The Tel Aviv-based company, founded by alumni of Unit 8200, Cellebrite, and Check Point, is addressing a new and pressing enterprise challenge as AI agents proliferate rapidly, according to InsurTech Insights.

The funding was led by TLV Partners, with additional participation from prominent angel investors including former Cellebrite CEOs Ron Serber and Yossi Carmil.

TLV Partners said the investment reflects both the experience of the founding team and the urgent need to address identity and access gaps created by AI agent deployment.

Cyata is targeting a niche but expanding segment of the cybersecurity market: securing AI copilots, autonomous agents, and chatbots that now act on behalf of enterprises.

These digital entities are increasingly being entrusted with complex and sensitive operations — such as writing code, pulling data, and executing financial actions — but operate outside the scope of traditional IAM systems. Their ability to emerge instantly and act independently introduces new layers of risk that existing security architectures aren’t equipped to manage.

The startup’s platform provides visibility and control over these agents through continuous identity discovery, real-time activity monitoring, and just-in-time permission systems. The solution enables human-in-the-loop approval workflows and links every AI agent to a designated human owner, ensuring that AI actions remain accountable and within organisational policies.

With the newly secured funding, Cyata plans to further develop its technology stack and expand its market reach. The team aims to become the industry standard for identity-grade security around AI agents as enterprise usage accelerates.

FinTech Car IQ taps FT Partners after $8m investment

Car IQ, a California-based FinTech company that enables connected vehicles to make secure payments autonomously, has announced a new phase of growth funding, supported by Financial Technology Partners (FT Partners).

The new financing round follows an $8m strategic investment.

FT Partners has been appointed to lead Car IQ’s capital raising efforts and advise on its broader banking strategy.

Car IQ has developed a platform that allows vehicles to transact without the use of physical credit cards. By integrating directly into both vehicle systems and financial networks, the company enables secure payments for fuel, tolls, parking, and more. Its AI-powered technology also offers fraud prevention and simplifies transaction workflows for fleet operators.

The additional funds will support Car IQ’s plans to scale its services to newly signed enterprise customers across the fleet, banking, and automotive OEM sectors in 2026. This expansion reflects increasing demand for automated payment systems in mobility and commercial vehicle markets.

The company’s growing ecosystem of strategic investors includes major players such as Visa, Citibank, RBC, State Farm, Circle K, Telus, and Bridgestone.

Tonic Security secures $7m seed to reduce cyber exposure

Tonic Security, a cybersecurity startup focused on exposure management, has emerged from stealth with $7m in seed funding to support its mission of helping organisations cut through alert fatigue and remediate cyber threats more effectively.

The seed round was led by Hetz Ventures, with additional backing from Vesey Ventures and several high-profile angel investors with deep expertise in the cybersecurity sector.

The company offers a context-driven exposure management platform powered by artificial intelligence. Tonic’s platform harmonises data from fragmented IT and security tools, aligning them with business priorities to help teams prioritise vulnerabilities and exposures. By providing rich contextual insight, the platform allows teams to act swiftly on what matters most, eliminating false positives and reducing remediation time.

Tonic plans to use the new capital to further develop its proprietary AI capabilities, expand its platform’s functionality, and grow its customer base among enterprise clients. The platform already claims measurable results, including a 50% drop in mean time to remediate (MTTR) for critical issues, a 20% reduction in weekly time spent triaging alerts, and a 90% cut in exposures needing remediation.

The startup was founded by cybersecurity veterans Sharon Isaaci, David Warshavski and Greg Ainbinder. Isaaci previously served as an executive at cybersecurity consultancy Sygnia, and also held senior roles as CISO and intelligence officer in the Israeli Defence Forces. Warshavski also worked at Sygnia, leading its Red Team and enterprise security services, while Ainbinder founded the AI department within Israel’s elite Unit 8200.

AI fraud detection startup Trustfull lands €6m ($6.9m) funding

Trustfull, a provider of AI-powered fraud prevention technology, has secured €6m in a funding round aimed at accelerating its European expansion.

The investment was led by Seaya Ventures and Elevator Ventures, with participation from existing backer United Ventures. The new capital will support efforts to scale the company’s operations across key European markets.

Founded in 2020, Trustfull operates a real-time fraud detection platform built on open source intelligence and AI agents. The system analyses hundreds of digital signals—such as phone numbers, email addresses, IP data, and domain activity—to evaluate user risk, supporting KYC, KYB and AML compliance processes across industries.

The fresh capital will be used to grow Trustfull’s presence in Italy, Spain, and France while also entering new markets with high demand for fraud detection solutions. The funding will also help expand the firm’s sales and marketing teams and accelerate product development, especially in areas such as account opening protection and account takeover prevention.

The funding comes amid a surge in global demand for fraud prevention solutions, with the market projected to grow from $33.1bn in 2024 to $90bn by 2030. Increasing use of AI in fraudulent activity, including synthetic identity fraud and deepfake scams, is driving the need for more intelligent, real-time risk assessment tools.

Private equity AI platform Keye emerges with $5m seed round

Keye, an AI-driven platform designed to revolutionise due diligence in private equity, has officially launched from stealth.

The company has secured $5m in seed funding from a range of backers including Sorenson Capital, General Catalyst, Y Combinator, ERA, Tiferes Ventures, Dunamu Ventures, and Palm Drive Capital.

Angel investors include Kaz Nejatian, COO at Shopify, Philip Rathle, CTO at Neo4j, and Clark Valberg, former CEO of InVision.

Keye has developed a platform that streamlines the traditionally manual and time-intensive due diligence process in private equity. The system rapidly converts raw deal files into structured, audit-ready analyses, enabling investment teams to evaluate opportunities with greater speed and accuracy.

Keye’s AI tool is designed to help private equity firms make faster and more confident investment decisions, identify risks earlier, and avoid costly missteps. It performs quantitative analyses without error, provides Excel-ready outputs, and enables direct benchmarking across a firm’s historical deals. Keye’s AI mimics how top-performing investors think, delivering insights that were previously difficult or time-consuming to uncover.

The newly raised capital will be used to expand Keye’s engineering team and deepen its expertise in private equity. The company also plans to broaden its analytical offering to serve a wider range of sectors within the M&A community.

Unlike many AI tools that focus solely on summarising documents, Keye goes further by offering tools to scan virtual data room files, flag deal-critical risks, perform retention and cohort analyses, and attribute all data points to their original sources.

Cyber risk firm DynaRisk secures $4.7m for global growth

DynaRisk, a London-based cyber risk management company, has raised $4.7m in funding to expand its international footprint and accelerate product innovation.

The investment round was led by YFM Equity Partners. PwC served as lead financial adviser, with Broadfield Law, HMT, RPL, Leckie Kershaw, Fortius, and Catalysis providing additional advisory support.

Founded in 2016 by Andrew Martin, a former banking cybersecurity specialist, DynaRisk provides cyber risk and insurance solutions for individuals, families and SMEs. The company helps insurers, brokers and MGAs protect policyholders through embedded, threat intelligence-driven SaaS tools.

The new capital will support DynaRisk’s expansion across EMEA, North America and Asia-Pacific, and enhance both commercial and technical operations.

DynaRisk’s platform integrates vulnerability scanning, dark web monitoring, cybersecurity training and real-time risk mitigation into insurance offerings. It aims to reduce loss ratios, improve underwriting, and increase policyholder engagement.

Cyber startup North Pole bags $4m seed funding

North Pole Security, a cybersecurity startup focused on macOS protection, has raised $4m in seed funding.

The round was led by Andreessen Horowitz and will support product development and go-to-market expansion for its flagship platform, Workshop.

The company offers enterprise-grade endpoint protection that blocks threats before they occur, moving away from reactive EDR models.

Workshop is built on Santa, an open source tool created by the firm’s founders at Google. It uses advanced allowlisting and automation to stop threats proactively without disrupting workflows.

Cavelo lands C$5m ($3.6m) to boost channel-first security platform

Canadian cybersecurity company Cavelo, which offers attack surface management tools for MSPs and MSSPs, has secured a C$5m seed extension round.

The investment was led by Inovia Capital. Existing investors in Cavelo include Graphite Ventures, MaRS Investment Accelerator Fund, and strategic angel investors.

Cavelo’s platform helps service providers identify sensitive data, manage access, and reduce risk through vulnerability insights. The company focuses on enabling partners to deliver measurable cybersecurity improvements to their end clients.

The fresh capital will go towards product development and scaling sales and marketing to meet growing demand, especially following its pivot to a channel-first approach.

AI lending startup Merso bags $3m for digital asset push

Merso, a financial infrastructure startup focused on digital economies, has officially launched its AI-powered credit platform, designed to serve the growing needs of the Web3 and tokenisation sectors.

The company has secured $3m in seed funding from its founders and a group of strategic investors.

Founded in August 2023, Merso has spent the last two years developing and refining its proprietary AI engine. The platform analyses billions of on-chain transactions and digital asset behaviours to provide real-time asset-level risk scoring, dynamic loan terms, and full lifecycle automation — all delivered without requiring friction from users or exposing platforms to credit risk.

Merso is already working with more than 50 Web3 game studios and publishers — including multiple global top 10 titles — who have been whitelisted and are preparing to integrate the technology.

According to the company, early adopters have reported up to a 40% boost in conversion rates and a 60%+ increase in average transaction size for high-ticket digital assets. Notably, Merso enables these improvements without altering a partner’s tokenomics, contracts, or regulatory posture.

Merso was built by a team of seasoned financial executives, elite engineers, and leaders in the Web3 space. The leadership team includes members who previously led a $1bn+ exit in the traditional finance sector.

Comp AI secures $2.6m to transform SOC 2 compliance

Comp AI, a compliance automation startup based in the US, has secured $2.6m in pre-seed funding to accelerate its mission of simplifying SOC 2 and HIPAA compliance.

The round was co-led by OSS Capital and Grand Ventures, with participation from Sentry founder David Cramer and Ben Tossell of Ben’s Bites.

OSS Capital is known for investing in open-source platforms such as ProjectDiscovery and Cal.com, while Grand Ventures has backed developer tools like Astronomer and Tembo.

Comp AI offers an AI-powered platform that helps companies achieve regulatory certifications like SOC 2, HIPAA and ISO 27001 faster and with less manual effort. The startup says it automates up to 90% of compliance tasks, reducing reliance on legacy platforms.

The funding will support the launch of Comp AI’s Agent Studio, which automates evidence collection and vendor onboarding, and the expansion of its open-source platform to allow contributions from the security community.

Since its stealth launch in April 2025, Comp AI has attracted 3,500 companies to its pre-launch testing and helped early users save over 2,500 hours on manual compliance work, it said.

InTick secures £2m ($2.6m) to expand derivatives trading platform

InTick, a listed derivatives block matching network, has secured £2m in funding from a group of angel investors.

The funding round follows the firm’s official platform launch in June 2025. This milestone comes after InTick’s market debut in October 2024 and the appointment of key strategic advisors earlier this year.

InTick’s platform is designed to bring automation and transparency to the listed derivatives block trading process, an area that remains largely manual and inefficient. By centralising pricing information and enabling independent block matching via a consolidated order book, the company aims to simplify workflows and reduce costs for market participants. Its platform aggregates listed derivatives block liquidity from multiple sources into one venue, helping to streamline pre- and post-trade activities.

The newly raised funds will support InTick’s efforts to enhance its technological infrastructure and further develop its all-to-all matching capabilities. The company plans to extend its offering to include all major listed derivative products..

Novee AI lands £1.6m ($2.1m) to scale underwriting platform

UK-based startup Novee AI has raised £1.6m in pre-seed funding to expand its generative AI platform for commercial and specialty insurance underwriting.

The round was led by venture capital firm 42CAP, with additional backing from Insurtech Gateway, according the to Insurance Times.

Novee’s platform automates the triage and analysis of broker submissions, enabling underwriters to surface key risk insights and apply underwriting logic at speed.

The company plans to use the funds to accelerate development, expand into new lines of business, and deepen relationships with large insurers.

AI messaging firm KredosAi raises seed funding round

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